Assume that on January 15, a customer who owes Shawni sales company $1,000 is declared bankrupt by a federal court. The entry that would be made to write off this account is:
a. Allowance for uncollectible 1,000
Accounts receivable, customer account 1,000
b. Accounts receivable 1,000
Cash 1,000
c. Accounts receivable 1,000
Notes receivable 1,000
d. Cash 1,000
Accounts Receivable 1,000
A
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Gregory Company is disposing of a component of its company. The net loss from the sale is estimated to be $600,000. Included in the $600,000 is termination pay of $100,000, which is directly associated with the decision to dispose of the component; and net losses from component asset write-downs of $400,000. Ignoring taxes, Gregory's income statement should report a loss on sale of a business
component of A) $100,000 B) $400,000 C) $500,000 D) $600,000
Provide a brief explanation of what marketing is
What will be an ideal response?
In breakeven analysis adjusted for a profit factor, increasing the unit sales price will decrease the number of units needed to meet the targeted profit
Indicate whether the statement is true or false
Virtually every salesperson follows the personal selling process to recruit new business
Indicate whether the statement is true or false