Under the direct write-off method, when an account receivable is written off in one account period and is collected in the following accounting period, which of the following is required in the second period when reinstating the account?

a. a debit to Accounts Receivable; b. a credit to Bad Debt Expense; c. a credit to Cash; d. a debit to Cash; e. a credit to Accounts Receivable.


A

Business

You might also like to view...

Which of the following classifications of secondary data is not a classification for external secondary data (Figure 4.1 in the text)?

A) published materials B) computerized databases C) ready-to-use D) syndicated services

Business

Which of the following is not one of the psychological factors that contributes to follower susceptibility to toxic leaders, as outlined by Lipman-Blumen?

A. fear of ostracism B. fear of powerlessness to challenge a bad leader C. knowledge of what inspiring leadership should feel like D. need for membership in the human community

Business

What are some characteristics of the cover letter that accompanies a questionnaire?

Business

Gambito wants to deposit his entire paycheck in his checking account by mailing it to the bank. To provide the best safeguard, he should use a

a. blank indorsement. b. special indorsement. c. restrictive indorsement. d. qualified indorsement.

Business