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
Anuta_ua [19.1K]
2 years ago
9

Acel Co. uses the allowance method to account for bad debts. In January, Acel determined that it could not collect $400 from CTR

, Inc. and wrote the balance off. On October 21, Acel received a check for $400 from CTR. The entries to record the receipt of cash on October 21 would include a debit to:_____.
a. Accounts Receivable.
b. Accounts receivable is debited to reinstate"tbecac&unt.
c. Allowance for Doubtful Accounts.
d. Bad Debt Expense.
Business
1 answer:
Evgesh-ka [11]2 years ago
3 0

Based on the fact that CTR, Inc sent a check to Acel Co, there will be a debit to b. Accounts receivable is debited to reinstate the CTR account.

<h3>Which account will be debited?</h3>

The Accounts Receivable account will be debited by the Allowance for Doubtful Accounts to bring back the written off debt.

The Account Receivable account will then be credited to cash to account for the cash being received.

In conclusion, option B is correct.

Find out more on bad debts at brainly.com/question/26036981

You might be interested in
Suppose that the demand for my new book, Spatulas From Around the World, is such that the demand curve lies everywhere below the
dsp73

Answer:

C. Shut down the presses printing my book

Explanation:

Since the average variable cost of producing the book is above the demand curve, the best course of action is to shut down the printing (production) of more books. The author would lose less money by shutting down operations rather than continuing production at a variable cost higher than the demand he's receiving for the books.

In economics, when profit is less than the average variable cost, firms are advised to stop production in the short run and incur economic loss on fixed inputs. This is because with continued operations, total revenue would not only be lower than total cost, but rather, would also be less than total variable cost.

8 0
3 years ago
Identify at least one type of firm that might exhibit low correlations of returns with the overall stock market? explain why the
svlad2 [7]

 

<span>One firm that is historically low and deals with negatively correlated stock markets is Gold Extraction Companies. They are have very low correction with overall stock markets. The basic reason for this low correlation is that, as the stock market become bearish, investor sentiment becomes weak, due to which most of the investors withdraw their money from stock market. Now once investor has withdrawn the money from stock market , they search on safe investments which will provide them good reruns, Gold is one of the investment which is relatively safe and provide high returns. Thus withdrawn money from the share market is invested in gold by investors. Thus Gold prices and companies related to extraction of gold have very less correlation to the gold.</span>

6 0
3 years ago
Which economic activity is part of a government's fiscal policy?
blagie [28]

Answer:

D. Spending tax revenues

Explanation:

Fiscal policies are the actions of the executive wing of the government to alter its spending and taxation strategies to achieve macroeconomic objectives. Fiscal policies are the activities of adjusting government spending and taxation in the economy.  

The government receives data on the state of the economy from various agencies.  The government adjusts its spending and taxes to influence the level of economic activities to achieve steady growth and stable prices.

5 0
3 years ago
Read 2 more answers
What is the first step for marketers in implementing the marketing concept?
Svet_ta [14]

Answer:

The answer is: You need to identify your market.- Who are your potential customers and what unsatisfied need do they have in common?

Explanation:

A marketing concept can be defined as:                                                          The idea/concept/philosophy that your business is going to follow in order to satisfy their customers' needs while reaching their business's goals.

The first thing you need to do is identify your target market, i.e. Who are your potential customers and what unsatisfied need do they have in common?

3 0
3 years ago
Consider the demand for Russian rublesRussian rubles in exchange for Mexican pesosMexican pesos. Which of the following will not
Rzqust [24]
B because the currency traders believe that value of rubber ruble was important
4 0
3 years ago
Read 2 more answers
Other questions:
  • Steve applied for a position at BluTech. The interviewers predicted that he would not succeed in the position and rejected him.
    9·1 answer
  • Why is cash flow important to government entities? How does an administrator plan for cash flow? What tools are available for th
    11·1 answer
  • "when economists say that money promotes ________, they mean that money encourages specialization and the division of labor."
    7·1 answer
  • Suppose that college professors at public universities are unionized. if public university college professors change their minds
    15·1 answer
  • The __________ method sets the promotion budget at a certain percentage of current or forecasted sales or as a percentage of the
    13·1 answer
  • Mark Johnson invests a fixed percentage of his salary at the end of each year. This year he invested $1500 For the next 5 years,
    10·1 answer
  • High levels of inventory hide problems within a production system. Some of the problems that high inventory hide are quality pro
    5·1 answer
  • State for items of information contained in a receipt
    11·1 answer
  • 50 POINTS
    14·2 answers
  • The management approach to the definition of segments for financial reporting expects a company to: I. Report disaggregated info
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!