Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,600 account of a customer, C. Green. On March 9, it receives a $2,100 payment from Green. 1. Prepare the journal entry or entries for January 31. 2. Prepare the journal entry or entries for March 9; assume no additional money is expected from Green.

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators