Business
Business, 06.04.2020 19:34, theylovelillexx2258

Solstice Company, which uses the direct write-off method, determines on October 1 that it cannot collect $50,000 of its accounts receivable from its customer,
P. Moore. On October 30, P. Moore unexpectedly pays his account in full to Solstice Company.
Required:
1. Record Solstice's entries to reflect recovery of this bad debt.
2. Record the reinstatement of the account previously written off.

answer
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 20:00, krutikov686
Which is not an example of a cyclical company? a) airlines b) hotel industry c) medical d) theme parks
Answers: 1
image
Business, 22.06.2019 13:10, Hannahdavy5434
Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?
Answers: 3
image
Business, 22.06.2019 14:10, ashtonbillups
Location test: question 1 of 54)water is a solvent because itoa. is made of moleculesob. dissolves many substancesc. is a saltd. has a large buffering capacity
Answers: 1
image
Business, 22.06.2019 16:50, taylorb9893
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
Do you know the correct answer?
Solstice Company, which uses the direct write-off method, determines on October 1 that it cannot col...

Questions in other subjects:

Konu
Mathematics, 25.01.2020 03:31
Konu
History, 25.01.2020 03:31