On January 1, Wei company begins the accounting period with a $38,000 credit balance in Allowance for Doubtful Accounts. On February 1, the company determined that $8,400 in customer accounts was uncollectible; specifically, $1,700 for Oakley Co. and $6,700 for Brookes Co. Prepare the journal entry to write off those two accounts. On June 5, the company unexpectedly received a $1,700 payment on a customer account, Oakley Company, that had previously been written off in part a. Prepare the entries to reinstate the account and record the cash received.
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Business, 21.06.2019 12:30
Jack should consider job enrichment when designing the new commercial cleaner jobs so that
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Business, 21.06.2019 17:30
Following are the transactions for valdez services. the company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. the company paid $1,200 cash for the just completed two-week salary of the receptionist. the company paid $39,000 cash for equipment purchased. the company paid $800 cash for this month’s utilities. the company paid $4,500 cash in dividends to the owner (sole shareholder). examine the above transactions and identify those that create expenses for valdez services. prepare general journal entries to record those transactions that created expenses in the above given order.
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Business, 21.06.2019 20:30
Which of the following best describes how the federal reserve bank banks during a bank run? a. the federal reserve bank has the power to take over a private bank if customers demand too many withdrawals. b. the federal reserve bank can provide a short-term loan to banks to prevent them from running out of money. c. the federal reserve bank regulates exchanges to prevent the demand for withdrawals from rising above the required reserve ratio. d. the federal reserve bank acts as an insurance company that pays customers if their bank fails. 2b2t
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Business, 22.06.2019 04:30
4. the condition requires that only one of the selected criteria be true for a record to be displayed.
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On January 1, Wei company begins the accounting period with a $38,000 credit balance in Allowance fo...
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