1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kryger [21]
3 years ago
15

Searcy has accounts receivable of $700,000 and an allowance for doubtful accounts of $54,000. On January 24, 2020, it is learned

that the company’s receivable from Hutley Inc. is not collectible and therefore management authorized a write-off of $8,000. The journal entry to record the write-off will include a Select one: a. Debit to Bad Debts Expense. b. Debit to Sales. c. None of the above d. Credit to Accounts Receivable. e. Credit to the Allowance for Doubtful Accounts.
Business
1 answer:
raketka [301]3 years ago
5 0

Answer:

d. Credit to Accounts Receivable.

Explanation:

Hutley Inc. is not going to pay the $8,000 to Searcy, therefore Searcy will make the following entry to write off the balance from Account Receivables.

Debit: Allowance for Doubtful Accounts $8,000

Credit: Accounts Receivables $8,000

To write-off Hutley Inc. receivables.

You might be interested in
NewDigger Inc. makes backhoes for digging ditches and trenches. It has developed an environmental-friendly liquid that, when pou
Vinvika [58]

Answer: breakthrough                    

Explanation: In simple words, breakthrough project refers to a project which results or has a potential to result as a sudden and huge development for the organisation.

In the given case, the new chemical product by the organisation is a new invention and can ease the job of the field workers.

Hence it can prove as a breakthrough for new digger.

5 0
3 years ago
The simple case of a fixed per-unit tax is indicative of more complicated ones. consider a proportional sales tax and a progress
mars1129 [50]

<span>The tax revenues and quantities produced compare in these various cases in a way of the said proportional tax. The proportional tax is a type of tax processes and system that need the percentage of equal value and it came from the people who pay tax.</span>

8 0
3 years ago
The buyers purchased a residence for $195,000. They made a down payment of $25,000 and agreed to assume the seller's existing mo
Phoenix [80]

Answer:

Option (d) purchase-money mortgage

Explanation:

Option (d) purchase-money mortgage

A purchase-money mortgage is a sort of mortgage issued to the customer or buyer of the property, in which the owner or the seller of the property himself lends the load to the buyer to buy the property.

This type of condition arises usually when the buyer is not able to get the loan from the traditional channels like the bank due to various reasons.

6 0
3 years ago
Jack Thomas, who live in Minnesota, and Sandy Silver, who live in Oklahoma, each purchased $92,000 worth of securities at the lo
Alenkasestr [34]

Answer:

Follows are the responses to the given points:

Explanation:

In point a:

Yeah, throughout the state court they will ever sue against fraud. As base with the that State is appropriate so because the main place of work is specific budget inventory representatives Inc.

In point b:

Thomas couldn't sue for cheating at the federal court successfully, because equality in nationality would be the only conceivable way. Because as a federal problem also isn't involved, Thomas and both are comprehensive residents of Michigan weren’t diverse for this situation. The business is a resident of all its corporate headquarters and the State of formation.

In point c:

Throughout this situation, silver can claim nationality plurality, as Oklahoma's comprehensive would not be a citizen. It simple company does company in such a state doesn't render that business a citizen. However, if silver has been damaged in terms of $75,000, this failure combined with citizenship diversity would allow it to sue extensively in a federal court. This event does not tell everyone how slowly he lost, however, the facts weren't enough to make a correct judgment.

3 0
3 years ago
The objective of _____ is to gather data about project usability, costs, benefits, and schedules.
Ivahew [28]

The objective of <u>Fact-finding</u> is to gather data about project usability, costs, benefits, and schedules.

<h3>What is a fact finding process?</h3>

Fact-finding is known to be a kind of a non-binding process  or an act that entails a qualified impartial third party that tends to make some written findings of fact as well as recommendations for the solving or handling of any issue.

Note that  All costs incurred of fact-finding are borne by the employer and the union and as such, The objective of <u>Fact-finding</u> is to gather data about project usability, costs, benefits, and schedules.

Learn more about Fact-finding from

brainly.com/question/14852724
#SPJ1

7 0
1 year ago
Other questions:
  • A study finds that the noise from airplanes is harmful; hence, the government imposes a $25 tax on the sale of every airplane. T
    11·1 answer
  • As a financial manager for a very profitable manufacturer of specialty steel, Kurt has been asked to investigate sources of long
    11·1 answer
  • Since he started at american eyeful pictures, inc., david has worked in japan, china, and thailand. the company has probably set
    9·1 answer
  • A __________ is a local operation completely owned by a foreign company.
    15·1 answer
  • In commodity markets it is typically true that: (note: only one statement is correct) Group of answer choices there are only a f
    15·1 answer
  • This year, the annual tuition at a public four-year university is $5,290. Next year when Jarrod attends his first year, the tuit
    7·2 answers
  • Intro to Investing Math Quiz
    5·1 answer
  • Four degrees of competition
    8·1 answer
  • When a country imposes tariffs, it is likely to cause
    9·2 answers
  • Defined by Miles as "a requirement of the activities of one subunit that is affected by the activities of other subunits" is a _
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!