The Branson Company uses the percent of sales method of accounting for uncollectible accounts receivable. During the current year, the following transactions occurred:Mar 7Branson Company determined that the $2,000 account receivable of the Bing Company was uncollectible, and wrote it off.Jun 9Bing Company paid $1,500 of the amount owed to the BransonCompany. Branson Company does not expect further collections from the Bing Company.Dec 31Branson Company estimates that 1.5% of its $900,000 of creditsales will be uncollectible.Prepare the general journal entries to record these transactions.
What will be an ideal response?
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Business ____________________ is the systematic process of collecting, interpreting, and presenting numerical data about business situations.
Fill in the blank(s) with the appropriate word(s).
Expensive equipment manufacturers not only install the equipment but also train the staff and undertake the maintenance and repair activities of the equipment. By doing so, they are providing ________
A) payment equity B) value-augmenting services C) differential pricing D) facilitating services E) a primary service package
Describe the standard parts of a business letter
Soft drink sales are declining as more consumers are concerned about their health. This represents a change in the __________. As a result, soft drink companies have begun releasing smaller sized soft drinks and soft drinks with less sugar.
A. marketing environment B. product concept C. marketing mx D. marketing concept E. marketing task