Answer:
A. Dr Accounts Receivable for $569
Cr Supplies $569
Dr Supplies $108
Cr Accounts payable $108
B. Dr Cash $8820
Cr Fees earned $8820
Explanation:
Preparation of the entry to correct the following errors:
A. Dr Accounts Receivable for $569
Cr Supplies $569
Dr Supplies $108
Cr Accounts payable $108
B. Dr Cash $8820
Cr Fees earned $8820
($4410+$4410)
Answer:
$35,300 (Credit)
Explanation:
Given that;
Allowance = 10% × $242,000 = $24,200
Amount written off of $34,200 would have made the balance in the allowance for doubtful debts
= $34,200 - $23,100
= $11,100 (Debit)
However, the balance in the account at the end of the year should amount to $24,200 hence the adjustment required
= $24,200 + $11,100
=$35,300 (Credit)
Most time, it is reasonable to refer to the opportunity cost as the price because it entails the benefit of the foregone good or service.
<h3>
What is an opportunity cost?</h3>
It refers to a value of what is rejected in order to perform the chosen alternative, that is, the value one have to give up to buy what you want in terms of other goods or services.
Therefore, it is sometimes reasonable to refer to the opportunity cost as the price because it entails the benefit of the foregone good or service.
Read more about opportunity cost
<em>brainly.com/question/1549591</em>
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A salesperson should focus his or her sales resources on only one individual in the buying organization.
The statement is false.
Top 5 skills for a career in sales:
- Confidence - maintaining a positive mind-set.
- Resilience - communicating with conviction.
- Active listening - expertise in the customers' desires.
- Rapport building - promoting your personality.
- Entrepreneurial spirit - chronic self-development.
The essential duty of a salesperson is selling. This responsibility consists of assembling the prospects, offering and demonstrating the goods, inducing the prospects to shop for, taking orders, and effecting income. a salesman needs to manual the customers in buying the products they want.
<em>Your question is incomplete. Please read below to find the missing content.</em>
A salesperson should focus his or her sales resources on only one individual in the buying organization.
True
False
Learn more about salesperson here: brainly.com/question/25743891
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