Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables.

Mar. 17: Received $1,980 from Paula Spitler and wrote off the remainder owed of $1,210 as uncollectible. If an amount box does not require an entry, leave it blank.
July 29: Reinstated the account of Paula Spitler and received $1,210 cash in full payment.

Journalize the following transactions, using the allowance method of accounting for uncollectible receivables:
Oct. 2. Received $2,230 from Paula Spitler and wrote off the remainder owed of $2,830 as uncollectible. If an amount box does not require an entry, leave it blank.

Which of the following is an example of formal management controls? answers: a firm's culturethe willingness of employees to monitor each otherbudgeting and reporting activitiesmanagerial motivation

Alandlord rented an art studio to an artist. under the terms of the signed, written, two-year lease, the artist agreed to pay the landlord $1,000 per month and to assume responsibility for all necessary repairs. after the first year of the lease, the artist assigned the balance of his lease to a sculptor. the landlord approved the sculptor as a tenant and accepted two rent payments from her, and then the landlord sold the building to an investor. the sculptor had made two payments to the investor when an electrical fire broke out in the studio, injuring the sculptor. the fire was caused by faulty wiring. the landlord was aware that there was a dangerous wiring problem when he leased the property to the artist. but when the landlord discovered how costly repairs would be, he decided it would be more profitable to sell the property than to repair it. the problem was not easily discoverable by anyone other than an expert electrician, and the landlord did not tell the artist, the sculptor, or the investor about the problem. the sculptor sues to recover damages for her injuries. from whom can the sculptor recover?

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