Caviler company determines that it cannot collect a total of $500 from a customer. Using the allowance method, the journal entry to write off the amount would be?

Question

02-08-2022
Business

Answered

IDNLearn.com connects you with a community of experts ready to answer your questions. Get accurate and timely answers to your queries from our extensive network of experienced professionals.

Caviler company determines that it cannot collect a total of $500 from a customer. Using the allowance method, the journal entry to write off the amount would be?

Sagot :

We are delighted to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Your search for answers ends at IDNLearn.com. Thanks for visiting, and we look forward to helping you again soon.

In The Prose Merlin, How Does Merlin Defend His Mother At Her Trial?A. He Implores The Devil For Assistance.B. He Accuses The Judge's Mother Of Adultery And Sug

Which Statement Best Describes The Terms And Conditions Of The Natives Land Act?A. It Reserved Most Of South Africa's Land For The White Population.B. It Reserv

What Does The Acronym TRUST Stand For?A) Track, Reward, Uniform, Secure, And TrustworthyB) Technology, Reward, Understanding, Share Information, TextC) Teach, R

��(x) = -³√(x+x²+2x)/4(1)=1/2Determine The Implied Domain Of The Function In The First Step. Express Your Answer In Interval Notation

What Is The Domain Of The Function? F(x)=x−32x2 X−21

What Percent Of 2 Rad Is (π)/(10) Raf? (Hound Your Answer To One Decimal Place.)"

Given [tex]\(\left[\begin{array}{cc}5 & -4 \\ 3 & 6\end{array}\right]\left[\begin{array}{l}x \\ Y\end{array}\right]=\left[\begin{array}{l}12 \\ 66\end{a

Find The Maximum Or Minimum Value Of The Function. (Round Your Answer To Two Decimal Places.)[tex]\[ F(s) = S^2 - 1.6s + 11 \][/tex]Is This A Maximum Or Minimum

The Metabolic Activity Of Cells Is A Factor Affecting The Death Rate Of Microorganisms In That Active Cells Die More Quickly Than Less Active Cells.a. Trueb. Fa

Which Statement Is Characteristic Of A Traditional Economy?A. The Government Controls Distribution.B. Innovation Helps The Economy Grow.C. Most People Are Invol

Arshikhan8123idn Arshikhan8123idn · Answer 1 · 2022-08-09T08:40:44-04:00

The journal entry to write off the amount would be,

Debit: Allowance for Bad Debts $300.

Credit: A/R $300.

Journal access is an act of keeping or making information of any transactions both economic or non-financial. Transactions are indexed in an accounting journal that indicates an organization's debit and credit score balances. The magazine entry can consist of numerous recordings, each of that's both a debit or a credit score.

A journal entry is a record of the commercial enterprise transactions within the accounting books of a commercial enterprise. A well-documented magazine entry consists of the suitable date, amounts to be debited and credited, an outline of the transaction, and a completely unique reference number.

A credit score entry is used to decrease the value of an asset or growth the value of a liability. In other phrases, any advantage-giving component or outgoing issue must be credited in books of money owed. The credits are entered on the proper side of the ledger debts.

Learn more about journal entries here: https://brainly.com/question/14279491

#SPJ4

Sagot :

Other Questions