Answer:
true ......................
They are referred to as installment notes
Let understand that "journal" means a <em>detailed account </em>used to records all the financial transactions of a business.
- The journal have a debit and credit.
Here, a "general journal account" will be employed to contain the list of information from McCall Real Estate Agency.
Journal Entry
Date Account titles Debit Credit
Oct 01 Cash $33,380
Common Stock $33,380
Oct 02 No Entry $0
No Entry $0
Oct 03 Furniture $4,060
Account Payable $4,060
Oct 06 Accounts receivable $10,630
To Service revenue $10,630
Oct 10 Cash $240
To Service revenue $240
Oct 27 Account Payable $680
To Cash $680
Oct 30 Salary expense $3,110
To Cash $3,110
<em>See similar answer here</em>
<em>brainly.com/question/17585151</em>
<span>In Zimbardo's prison study, male college students agreed to participate in a two-week experiment to discover what would happen when they took the roles of prisoners and guards. after the prisoners staged a revolt, the researchers found that showed the same behavior.</span>
The Allowance for Doubtful Accounts T-account will have the write-offs of specific customers sales discounts and allowances on the credit side.
<h3>What is
Doubtful Accounts?</h3>
It lowers the value of an asset—in this case, the accounts receivable—the allowance for dubious accounts is referred to as a "contra asset."
The allowance, also known as a bad debt reserve, is management's projection of the amount of accounts receivable that customers will not pay.
Thus, option B is correct.
For more details about Doubtful Accounts, click here:
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