Under the direct write-off method, which of the following is included in the entry to write off an uncollectible account?
A) a credit to the Allowance for Bad Debts
B) a credit to the customer's Account Receivable
C) a debit to Allowance for Uncollectible Accounts
D) No entry is made to write off uncollectible accounts.
B) a credit to the customer's Account Receivable
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The closing stock price of MNM Corporation for the last 7 trading days is shown below. Day Stock Price 1 24 2 27 3 24 4 28 5 25 6 30 7 31 ? The median is
A. 24. B. 25. C. 26. D. 27.
Which of the following is an implied guarantee when an assignor is paid for making an assignment?
A. The assignor has good title to the rights assigned. B. Any oral statement representing the claim is genuine. C. The promisor himself or herself does not have the capacity to contract. D. The contract has been discharged two months prior to assignment.
A small self-service store that is open long hours and carries a shallow product mix in convenient locations is best described as a
A. discount store. B. department store. C. convenience store. D. supermarket. E. category killer.
Which sentence expresses numbers correctly?
A) Gregg used his debit card to make purchases for $12.99, $.99, and $37. B) Gregg used his debit card to make purchases for $12.99, 99 cents, and $37. C) Gregg used his debit card to make purchases for $12.99, 99ยข, and $37.