Answer:
Explantation to the following question is as follows;
Explanation:
A subsistence economy frequently engages in artisans fisheries, labor-intensive agriculture, and animal grazing. Handmade, basic tools and traditional procedures are used in each of these undertakings. The absence of excess is another feature of subsistence economies.
Money is an economic entity that serves as a universally accepted means of trade in a transactional economy. Money performs the function of lowering transaction costs, namely the twofold coincidence of desires.
Rural or nation-state locations are the ones in mare far off + much less densely populated via evaluation Very faraway Rural areas include three percent of the populace, however cowl nearly 1/2 of the land place.
A rural area is an open swath of land that has few homes or different buildings, and now not very many people. A rural region's populace density may be very low. Many humans live in a town or urban area. Their homes and companies are placed very close to one another.
In keeping with the modern delineation, released in 2012 and primarily based on the 2010 decennial census, rural areas include open USA and settlements with fewer than 2,500 residents. urban regions comprise larger places and densely settled areas around them. urban regions do not necessarily observe municipal limitations.
A rural area is an open swath of land that has few homes or different buildings, and not very many human beings. A rural area's populace density is very low. Many people stay in a metropolis or urban vicinity. Their houses and corporations are placed very near each other.
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Answer:
a. First set of entries:
Debit: Accounts receivable with $2,000
Credit: Bad debt expenses with $2,000
b. Second set of entries:
Debit: Cash with $2,000
Credit: Account receivables $2,000
Explanation:
These entries will appear as follows in the book Gideon Company on July 10:
Details DR ($) CR ($)
Accounts receivable 2,000
Bad debt expenses 2,000
<em>Being the transfer of the bad debt recovered back to the accounts receivable.</em>
Cash 2,000
Account receivables 2,000
<em>Being the cash income received in respect of bad debt recovered.</em>
That answer is b hope this helps