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
mamaluj [8]
3 years ago
10

On February 1, the company determined that $6,800 in customer accounts was uncollectible; specifically, $900 for Oakley Co. and

$5,900 for Brookes Co. Prepare the journal entry to write off those two accounts.
Business
1 answer:
enot [183]3 years ago
4 0

Answer:

Feb 01

Allowance for doubtful accounts 6,800

Accounts receivable—Oakley Co. 900

Accounts receivable—Brookes Co. 5,900

Jun 05 Accounts receivable—Oakley Co. 900

Allowance for doubtful accounts 900

Jun 05 Cash 900

Accounts receivable—Oakley Co. 90

Explanation:

You might be interested in
Calculating Residual Income East Mullett Manufacturing earned operating income last year as shown in the following income statem
oee [108]

Answer:

1. $425,000

2. $24,250

Explanation:

The computations are shown below:

1. For Average Operating Assets  

Average operating assets = (Beginning Operating Assets + Ending Operating Assets) ÷ 2

= ($390,000 + $460,000) ÷ 2

= $425,000

2. Residual income =  Operating income - (Average operating assets × Minimum Required Rate of Return)

= $66,750 - ($425,000 × 10%)

= $66,750 - $42,500

= $24,250

5 0
3 years ago
Which of the following is not a source of income?
attashe74 [19]

Answer:

Explanation:

B.)Your annual salary for doing your job.

7 0
3 years ago
Which statement shows that money is a "store of value?"
GREYUIT [131]
The third one is most appropriate ! as it shows that the money can be stored and later we can use !
3 0
3 years ago
Read 2 more answers
Wayne worked in an office. He had no criminal record, had never had a complaint made against him about his work or his conduct,
boyakko [2]

Answer:

A) there was no way to foresee that the incident would happen.

Explanation:

Wayne hadn't done anything wrong before in the company, his behavior at the workplace could be described as very good; no complaint in 20 years and no criminal record what so ever. If Wayne was frustrated about his job, he disguised it very well. No one can predict this type of behavior if the person shows no prior signs of violence or frustration.

6 0
3 years ago
Which is bigger 100,000 or .000157
Fudgin [204]
100,000? because .000157 is a decimal, right?
7 0
3 years ago
Read 2 more answers
Other questions:
  • Managers use a predetermined overhead rate for which of the following reasons?
    6·1 answer
  • The term full employment implies an unemployment rate of:
    7·1 answer
  • Laramie Labs uses a risk-adjustment when evaluating projects of different risk. Its overall (composite) WACC is 10%, which refle
    14·1 answer
  • Which type of average provides the center-most score in a distribution?
    14·1 answer
  • Elisa, an HR manager for a medium-sized company, is assigned to update all job descriptions and job specifications for her compa
    10·1 answer
  • Which of the following characteristics is a disadvantage of cloud-based hosting?
    8·1 answer
  • Which of the following can be defined as saving, according to economics? a. Andrea finances her new car through an auto loan. b.
    15·2 answers
  • Suppose a monopolist is producing a level of output such that MR > MC. What should the firm do to maximize its profits?
    6·1 answer
  • What the fraction of 0.10 ;)<br><br><br> Anyone live in ny (only answer if you live in ny)
    8·1 answer
  • Explain the difference between<br> (b) Expenses and losses.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!