Answer:
1. bad debt expense debit 7940
allowance for bad debt credit 7940
2. allowance for bad debt debit 397
account receivable credit 397
3. account receivable debit 397
allowance for bad credit 397
4. cash debit 397
account receivable credit 397
Explanation:
the allowance will be the 1% of 794,000
then recognize the allowance for that ammount along with the bad debt expense
total write-off an account we decrease both, the allowance and account receivable
total reinstate the Parks account we do the previous entry backwards
lastly we post like any other collection from Account Receivable
I think the correct answer from the choices listed above is the third option. Blaine is involved in operational planning. <span>is a detailed </span>plan<span> used to provide a clear picture of how a team, section or department will contribute to the achievement of the organisation's strategic goals.</span>
The system of checks and balances is an important part of the Constitution. With checks and balances, each of the three branches of government can limit the powers of the others. This way, no one branch becomes too powerful.
Answer:
You just press answer and click on the question. You have to be fast though because there is a 2 person maximum to answer a question.
