subject
Business, 25.02.2020 00:51 LilBrookilyn2701

On February 1, a customer's account balance of $3,800 was deemed to be uncollectible. What entry should be recorded on February 1 to record the write-off assuming the company uses the allowance method?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 20:50
Your goal is to have $2,000,000. you have a total of $40,000 today. you invest the $40,000 and want to add to it each month. at 10% annual interest, how much do you need to invest each month in order to bring the total up to $2,000,000 30 years from now?
Answers: 2
question
Business, 22.06.2019 07:30
Which two of the following are benefits of consumer programs
Answers: 1
question
Business, 22.06.2019 13:30
On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?
Answers: 3
question
Business, 22.06.2019 16:50
According to ceo heidi ganahl, camp bow wow requires a strong and consistent corporate culture to keep all local franchise owners "on the same page" and to follow a common template for the business and brand. this culture could become detrimental over time because: (a) strong consistent cultures are inflexible and incapable of adapting to environmental change (b) strong consistent cultures are too flexible and capable of adapting to environmental change (c) strong consistent cultures don’t perform well in any environment (d) the passing of time provides stability and predictability for businesses
Answers: 2
You know the right answer?
On February 1, a customer's account balance of $3,800 was deemed to be uncollectible. What entry sho...
Questions
question
Engineering, 30.04.2021 08:50
question
Computers and Technology, 30.04.2021 08:50
question
Mathematics, 30.04.2021 08:50
Questions on the website: 13722360