Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $8,500 of its accounts receivable from Leer Company. March 29 Leer Company unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt.
Required:
Prepare journal entries to record the above transactions.
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Answer:
Check pic* it’s not an answer but it is a reference
Explanation:
Related Questions
in the u.s. economy, the money supply is controlled by the
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Answer:
the fed
Explanation:
I just serched it up
Answer:
The money supply is controlled by the U.S government
If you want to go more in-depth it’s the federal reserve
Explanation:
Hope my answer helps
maura had to get a $350 emergency loan at a very high interest rate to pay for dental work. the lender did not need her credit history. if she does not pay back the loan within three weeks, she will have to pay an extra $50. raina says the loan is an example of easy-access credit while maura says it is an example of open-end credit. which statement about the loan is correct?
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Answer:
The correct answer is:
C) Raina is correct because the loan has a large fee if it is not repaid on time.
Explanation:
The National Park Service's efforts to attract, maintain, and enhance relationships with customers and visitors to the park is an example of
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The example that the National Park Service shows by attracting, maintaining, and enhancing relationships with customers and visitors is D. relationship marketing.
Relationship marketing offers goods and services to customers through sales and advertising that achieve long-term customer value. The relationship is built and maintained with existing customers to attract new customers.
Thus, the NPS's efforts enable it to build lifetime customer loyalty that ensures long-term value creation.
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Management estimates that 1% of the $100,000 of credit sales will be uncollectible. The Allowance for Doubtful Accounts has a $100 unadjusted debit balance. The adjusting entry to record estimated bad debts includes a ______. (Select all that apply.)
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Based on the information given the appropriate adjusting entry to record estimated bad debts includes a:
Debit to bad debt expense of $1,000
Credit to allowance for doubtful accounts of $1,000
Adjusting journal entries
Debit Bad debt expense $1,000
Credit Allowance for doubtful accounts $1,000
(1%×$100,000)
(To record estimated bad debts)
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Answer:
credit to Allowance for Doubtful Accounts of $1,000
debit to Bad Dept Expense of $1,000
Simar Sales Co. sells and installs kitchen appliances. Simar guarantees parts and labor for one year after installation. Simar would record potential claims in a(n) _______ account.
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Based on accounting principles, Simar Sales Co. sells and installs kitchen appliances. Simar guarantees parts and labor for one year after installation. Simar would record potential claims in a(n) Warranty Liability account.
This is because a Warranty Liability account is a type of account that is established to record the number of the repair or replacement costs that a company expects to incur for commodities already shipped or services already conducted.
Warranty Liability account or Estimated Warranty Liability account are used mostly by firms that offer products that have warranty periods.
Hence, in this case, it is concluded that the correct answer is a Warranty Liability account.
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Answer:
Estimated Warranty Liability
Explanation:
Aryn and Mary started at the organization on the same day. Both are hard workers and perceive that they are equitably rewarded for their efforts. According to equity theory, it is likely that both will __
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Answer:
Both will continue to put forth effort
Explanation:
I remeber this question from a hw
When freelancers sell to publisher the right to use a piece only once, and there is no guarantee that it has not been published elsewhere first, this arrangement is known as a transfer of
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Answer:
One time rights.
Explanation:
All of the following can be associated with asset-backed securities except A) the securitization of assets. B) minimal risk. C) pooling individual assets into larger financial securities to be sold to investors. D) expected cash flow from credit card debt, leases, auto loans, and mortgages.
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Answer:
B-minimal risk
A form of sales promotion that offers prizes based on a chance drawing of entrants’ names is referred to as a
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The term that describes form of sales promotion where prize is been offered based on a chance whereby entrants’ names are drawn is sweepstakes.
Sweepstakes can be regarded as a race or contest whereby there is allocation of the entire prize to the winner specifically.In this case the prize is drawn base on entrants’ names.Therefore, sweepstakes is the correct term.
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bonds that require payment of the full principle amount of the bond at the end of the loan term are referred to as
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The type of bonds which requires payment of the full principal amount of the bond at the end of the loan term is known as Term bond.
The Term bond are debt securities which are issued by companies or government to investors with scheduled maturity dates.
In other word, the term bond matures on a specific date in the future.
The period of term bond is the between the time of bond's issuance and the scheduled maturity period.
Therefore, in conclusion, the term bond is the bond requires payment of the full principal amount of the bond at the end of the loan term.
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When 100% peak effort from the most skilled and efficient workers is assumed, the direct labor hours required per unit is being set using
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Answer:
ideal
Explanation:
When 100% peak effort from the most skilled and efficient workers is assumed, the direct labor hours required per unit is being set using ideal method.
What is term direct labor hour about?The term direct labor hour refers to as a number of direct labor that are required for production in a manufacturing unit.
A specific task is being assigned to the direct labor, Based on their assigned task the wages of particular labor is calculated.Workers who finish by the time they are supposed to are paid higher.
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One of the first things to do to prepare for a job interview is to _____. A. Ask for a formal offer letter b. Plan how to spend your first paycheck c. Research the company d. Send a follow-up letter Please select the best answer from the choices provided A B C D.
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Answer:
c reasearch the company
Explanation:
Answer:
C is correct
Explanation:
i took the test
When sales were down for the third month in a row, the sales manager called a meeting of all sales staff in order to analyze the situation and attempt to come up with some solutions. This example illustrates:
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Answer:
problem-focused coping.
Explanation:
Problem-focused coping is that kind of coping aimed at resolving the stressful situation or event or altering the source of the stress.
A dividend _______ is the amount of the dividend expressed as a percentage of the stock's market price,
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Answer:
dividend yield
The dividend yield, expressed as a percentage, is a financial ratio (dividend/price) that shows how much a company pays out in dividends each year relative to its stock price. The reciprocal of the dividend yield is the price/dividend ratio.
Jamie Lee and Ross understand that purchasing the second home for the triplets to use during the college years is not all about saving money by avoiding paying the dorm rent. What are some of the liabilities that Jamie Lee and Ross can expect that are directly connected to owning the second home, that might make them second-guess the purchase?
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Some of the liabilities that Jamie Lee and Ross may pay that make them to second guess the purchase would be loans and mortgages.
If the house is a mortgage then it would mean that the house would be a liability instead of an asset. This is going to make them to second guess on buying this house.
If these parents borrowed money in order to purchase the home it would be a liability on them because they would have to pay back the money owed.
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the ______ perspective of the balanced scorecard asks the question, how do we look to our shareholders?
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According to the strategy map, the finance perspective of the balanced scorecard asks the question, how do we look to our shareholders.
The strategy map of any business activity is categorized into four divisions.
The financial data perspective of the balanced scorecards focuses on income, expenditures, financial ratios, budget variances, income targets, and shareholders, etc.
Other categories of balanced scorecards include the following:
Learning and growthBusiness processesCustomersHence, in this case, it is concluded that the correct answer is "Finance."
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Which problem can be solved by division of decimals? Danette needs 8 dozen eggs for her restaurant. How many eggs should she buy? How much money does Dawna need to fill her 11. 5 gallon gas tank if the price of gas is $3. 59 a gallon? How many more miles does Judy’s family have to drive to reach their destination if they have driven 45. 4 miles of a 123. 8 mile trip? What is Jeremy’s average if he received a total of 323. 7 points on 7 tests?.
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Answer:
What is Jeremy's average if he received a total of 323.7 points on 7 tests?
Explanation:
The first question requires the multiplication of whole numbers to find how many eggs 8 dozens are.
The second question includes decimals but you have to multiply that not divide.
The third question also includes decimals but it is the subtraction of them not division.
To find the average, you need to divide the total by how many there are and those are provided in decimals so it is the fourth question.
The ________ rate is the interest rate specified, sometimes referred to as the coupon rate, stated rate, or nominal rate. Multiple choice question. market
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The ________ rate is the interest rate specified, sometimes referred to as the coupon rate, stated rate, or nominal rate. Multiple choice question. market
Answer: Contract
the table shows data that were collected from people who attended a certain high school basketball game and indicates the team each person rooted for and whether each of these people purchased food during the game. a person who attended the game will be selected at random. which of the following correctly interprets mutually exclusive events represented by the table?
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The statement that correctly represents mutually exclusive events represented by the table is rooting for the home team and rooting for the away team.
Mutually exclusive events are events that cannot occur together. If one event occurs, then the other event cannot occur. For example, if you roll a dice once, you cannot get a five and three at the same time. It would be either of the two.
Looking at the table, you cannot root for the home team and the away team at the same time. A person has to choose which team to root for. Also, you can either purchase food or not purchase food. Thus, these are the mutually exclusive events.
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If the population of a country is 1,000,000 people, its labor force consists of 500,000, and 40,000 people are unemployed, the unemployment rate is:
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Answer:
8.0 percent
Explanation:
To find the unemployment rate you:
Divide the number of people unemployed by the number of people in labor force (Employed and Unemployed)Then, multiply the number by 100Hope this Helps
Commission merchants are __________ who receive goods, primarily agricultural products, on consignment.
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Answer:
Dealers
Explanation:
________ teams have been found to have a positive effect on productivity and attitudes of control, yet no impact on job satisfaction or organizational commitment.
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According to the management system, self-managed teams have been found to have a positive effect on productivity and attitudes of control, yet no impact on job satisfaction or organizational commitment.
This is because self-managed teams are responsible for taking part in the planning and scheduling of the workflow process.
They are also involved in the technical part or tasks of the job, thereby making the work cumbersome with a high probability of low job satisfaction.
Because self-managed teams are involved in planning and workflow processes, they positively affect productivity and control attitudes.
Hence, in this case, it is concluded that the correct answer is "Self-managed teams."
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when a country that exported a particular good abandons a free-trade policy and adopts a no-trade policy
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Answer:
producer surplus increases and total surplus decreases in the market for that good.
Why might an employee complain to their employer?
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A limited resource of some type that restricts the company's ability to satisfy demand is a(n) ______.
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Answer:
constraint
Explanation:
......................
Answer:
constraint
Explanation:
when a limited resource of some type restricts the company's ability to satisfy demand. The correct measure to look at when handling a constraint.
________ is a set of interdependent organizations that help make a product or service of a company available for use by consumers or business users.
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how many barrels of oil are used per day in the u.s. 2021
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Answer:
about 18.19 million barrels
Click this link to view O*NET's Work Activities section for Postsecondary Education Administrators.
Note that common activities are listed toward the top, and less common activities are listed toward the bottom.
According to O*NET, what are common work activities performed by Postsecondary Education Administrators?
Check all that apply.
making decisions and solving problems
operating vehicles
communicating with supervisors, peers, or subordinates
establishing and maintaining interpersonal relationships
repairing and maintaining electronic equipment
drafting, laying out, and specifying technical devices, parts, and equipment
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Answer:
BDE
Explanation:
Answer:
A C D
Explanation:
Where do u record sundry expenses in a purchase ledger
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Answer:
Sundry expenses are shown on the expenses side (left) of a profit and loss account (Income statement).
Explanation:
Answer:
Sundry expenses are shown on the expenses side (left) of a profit and loss account.
If a company has advance subscription sales totaling $45,000 for the upcoming year, when four quarterly journals will mailed to customers, the receipt of cash would be journalized as:
A. Debit Cash $45,000, credit Accounts Payable $45,000.
B. Debit Unearned Revenue $45,000; credit Sales $45,000.
C. Debit Sales $45,000, credit Unearned Revenue $45,000.
D. Debit Prepaid Subscriptions $45,000, credit Sales $45,000.
E. Debit Cash $45,000; credit Unearned Revenue $45,000.
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The receipt of cash would be journalized as a Debit to Unearned Revenue for $45,0000 and Credit to Sales for $45,000.
Here, the company has advance subscription sales totaling $45,000 for the upcoming year.
It will be recorded in the entry as Debit to Unearned Revenue and Credit to Sales.Therefore, the Option B is correct because The receipt of cash would be journalized as a Debit to Unearned Revenue for $45,0000 and Credit to Sales for $45,000.
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