Prior to recording the following, Elite Electronics, Inc., had a credit balance of $2,800 in its Allowance for Doubtful Accounts. a. On August 31, a customer balance for $380 from a prior year was determined to be uncollectible and was written off.
b. On December 15, the customer balance for $380 written off on August 31 was collected in full.

Required:
a. Prepare journal entries for each transaction.
b. Record the reversal of the write-off the $250 customer account
c. Record the reciept of cash of $250 from the customer

Nominal gross domestic producta. is a measure of the overall level of pricesb. measures the value of final goods and services produced within the borders of a given country during a given time period using current pricesc. measures the value of final goods and services produced within the borders of a given country during a given time period corrected for changing pricesd. only changes when the level of output changes

Peppy roaney believes that pizza is a much more versatile dish than most people realize. as the national marketing manager for pizza guys, he observed how consumers were delighted with barbecue pizza, hawaiian pizza, mexican pizza and other unique combinations. his suggestions for other unusual pizzas, however, were met with a negative response by his superiors. even some of his colleagues laughed at his ideas. peppy's confidence in his ability to understand the market has led him to focus on planning a business of his own. peppy realizes that he will take a risk when he leaves his job with pizza guys and embarks upon a new venture: peppy's pizzazzeria. peppy is excited about the potential of profitably catering to the unmet desires of pizza consumers. peppy is confident that peppy's pizzazzeria will be a success, but only if he has enough money to do things right. since peppy has very little personal wealth, he knows he must obtain financial assistance. in order to prepare for meetings with bankers and p

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.