Carrington Company uses the allowance method for recording bad debts. On February 1, Carrington wrote off a $3,500 customer account balance when it became clear that the particular customer would never pay. On May 29, Carrington unexpectedly received a check for $3,500 from the customer. On May 29, Carrington will: A. Debit Allowance for Doubtful Accounts and credit Accounts Receivable for $3,500; debit Cash and credit Bad Debt Expense for $3,500. B. Debit Allowance for Doubtful Accounts and credit Bad Debt Expense for $3,500; debit Cash and credit Accounts Receivable for $3,500. C. Debit Accounts Receivable and credit Allowance for Doubtful Accounts for $3,500; debit Cash and credit Accounts Receivable for $3,500. D. Debit Cash and credit Bad Debt Expense for $3,500; debit Accounts Receivable and credit Allowance for Doubtful Accounts for $3,500.

Answers

Answer 1

Answer:

C. Debit Accounts Receivable and credit Allowance for Doubtful Accounts for $3,500; debit Cash and credit Accounts Receivable for $3,500.

Explanation:

The journal entry is given below:

Account receivable Dr $3,500

       To allowance for doubtful debts $3,500

(being the account receivable is recorded)

Here account receivable is debited as it increased the assets and credited the allowance as it decreased the assets

Cash dr $3,500

   To account receivable $3,500

(being collection is recorded)

Here cash is debited as it increased the assets and credited the account receivable as it decreased the assets


Related Questions

Why do some firms, industries, and cultures have different CSR thresholds than others? Illustrate your answer with real examples for all three categories.

Answers

Some firms, industries and cultures have different corporate social responsibility (CSR) thresholds than others due to differences in the operating area, level of business complexity and legal and cultural differences between countries.

Corporate social responsibility is an increasingly growing requirement in today's society, which considers organizations to be institutions that promote social and environmental development.

CSR types can be:

PhilanthropyPreservation of the environmentDiversity and Work PracticesVolunteering

Therefore, each company will identify the best strategy to implement CSR in its processes, in order to create value for stakeholders, increase employee satisfaction, be more competitive and positioned in the operating market.

Learn more about CSR here:

https://brainly.com/question/14624782

In the demolition of an old building, a 1,300 kg wrecking ball hits the building at 1.07 m/s2.

Answers

Answer:

f=ma

f?

m=1300kg

a=1.07m\s squared

f=1300kg x 1.07=1391N

Explanation:

please mark me brainliest!!

he fastest-growing sales trend is ________ that involves the use of online, mobile, and social media to engage customers, build stronger customer relationships, and augment sales performance. Personal selling Social selling Online selling Teleselling

Answers

Based on business strategy, the fastest-growing sales trend is Social Selling that involves the use of online, mobile, and social media to engage customers, build stronger customer relationships, and augment sales performance.

What is Social Selling?

Social selling is method business firms use to establish one-on-one relationships with their customers as one of the strategies to enhance their sales rates.

Examples of social selling techniquesSharing appropriate contentCommunicating directly with potential consumersPersonal brandingSocial listening, etc.

Hence, in this case, it is concluded that the correct answer is "Social Selling."

Learn more about Social Selling here: https://brainly.com/question/25524075

can someone help pick 1, 2,or 3 ?

Answers

Answer:

2no I think you are confused so

A company buys electronic components, assembles them into PCs, and then ships them to customers. In this case the electronic components are _____ for the company.

Answers

Answer:

inputs

Explanation:

inputs are what is brought into the company to help it function. In this case, the inputs are the electronic components.

If this helped, please give brainliest answer! Thanks

what are the advantages of 2022 versa’s cvt having auxiliary gearing?

Answers

Based on automobile features analysis, the advantage of 2022 versa’s CVT having auxiliary gearing is that "it gives the car the ability to move over different surface types such as rocky land, hills, sand, mud, grass, etc."

Auxiliary gearing in 2022 versa’s CVT

The Auxiliary gearing in 2022 versa’s CVT is designed to transmit power from the engine to the wheels to make all the wheels gain transmitted power, torque, and traction and navigate easily.

Auxiliary gearing in 2022 versa CVT gives the car the ability to move quickly regardless of the nature of the surface.

Hence, in this case, it is concluded that the Auxiliary gearing enhances the easy navigation of cars.

Learn more about automobile features here: https://brainly.com/question/8634177

What includes the increasingly complex management of processes, information, and communication to take a product from cradle to grave

Answers

The increasingly complex management of processes, information, and communication to take a product from cradle to grave refers to Logistics.

What is Logistics?

Logistics can be described in the most simple of ways, as the planning and management of a series of factors in order to achieve the end goal of a product. Logistics involves a series of complex processes required to oversee the proper flow of a product from its origin to its consumption by the public.This is important in order to ensure adherence to norms and regulations and allow for an efficient and detailed process of production.

Therefore, we can confirm that when stating the increasingly complex management of processes, information, and communication to take a product from cradle to grave, we are referring to Logistics.

To learn more about Logistics visit:

https://brainly.com/question/7193461?referrer=searchResults

A customer buys 100 shares of ABC stock, which is now trading at $63. The customer wants to create a dividend supplement to the position. He should: A buy a call B buy a put C sell a call D sell a put

Answers

Answer:

sell a call

Explanation:

He should sell a call because he wanted to create a dividend supplement to the position.

What is selling a call?

This involves a call sellers who have an obligation to sell the underlying stock at the strike price and have a short call position.

Hence, as he wants to create a dividend supplement to the position, then, the best option is to sell a call.

Therefore, the Option C is correct.

Read more about call selling

brainly.com/question/25603919

#SPJ2

What motivates you to do a great job at work other than a paycheck?

Answers

Based on personal conviction, the thing that motivates me to do a great job at work other than a paycheck is "Growing my professional network."

What could motivate people aside from paycheck at work?

There are various reasons people can motivate to do a great job aside from the paycheck; some of it includes the following:

Job securityMeeting deadlinesLeadership developmentSense of achievement or successAssisting in the jobBuilding a professional network, etc.

Hence, in this case, it is concluded that there are several reasons individuals could be motivated to do great jobs at work aside from paycheck.

Learn more about work motivation here: https://brainly.com/question/2114834

Discuss the value of technology in business.

Answers

Answer:

The vaule of technology in business is very important like the most important of the business because it help keeps tracks of things,  save database, and it help the business grow.

what is the first step in creating the federal budget?

Answers

Answer:

The President Submits a Budget Request The president sends a budget request to Congress each February for the coming fiscal year, which begins on Oct. 1. 5

If country A has a comparative advantage in the production of good X over country B, then:_________.
i. country A should not trade with country B.
ii. the domestic opportunity cost of producing X in country A is higher than in country B.
iii. the domestic opportunity cost of producing X in country A is lower than in country B.
iv. the domestic opportunity cost of producing X in country A is higher or lower than in country B.

Answers

Answer:

i believe your answer is option c. correc me if im wrong

Explanation:

Jeff has been a project assistant for XYZ Corporation for five years. Recently he was asked to train Harriet, a new employee. He suggests that she use an Excel worksheet to lay out the projects she is currently working on, and she complies. He is using ________ power.

Answers

The power that Jeff is using towards the new employee is known as Expert power.

The term "Expert power" is used in relation to employee's skill.

Expert power refers to a perception that an employee has a higher level of specific skill set that others do not have  in the organization.

Jeff does possess Expert power because he has great skill set.

Therefore, the power that Jeff is using towards the new employee is known as Expert power.

Read more about Expert power

brainly.com/question/2618781

the difference between a budget and a standard is that:

Answers

Answer:

A budget is a total amount, while a standard expresses only a unit amount.

Explanation:

Coin dealers, precious metals dealers, and some banks sell gold bullion in amounts ranging from _____ grams to 500 ounces or more.

Answers

Based on financial management, Coin dealers, precious metals dealers, and some banks sell gold bullion in amounts ranging from 5 grams to 500 ounces or more.

What is gold bullion?

Gold bullion is generally refined gold with an excellent standard of elemental purity. The current standard practice in selling gold bullion range from 5 grams to 500 ounces or more.

Example of Gold bullion

Some gold bullion made entirely of gold include the following:

BritanniaCanadian Maple LeafAmerican Buffalo, etc.

Hence, in this case, it is concluded that the correct answer is 5 grams.

Learn more about gold bullion here: https://brainly.com/question/19372930

what is the first step in the feedback control system?

Answers

Answer:

The first step in the positive feedback loop is the stimulation that sets off the loop in order to complete a process.

David Gain is the chief executive officer (CEo) of Forest Media Corp., which is interested in acquiring RS Communications, Inc. To initiate negotiations, Gain meets with RS's CEo, Gill Raz, on Friday, July 12. Two days later, Gain phones his brother, Mark, who buys 3,800 shares of RS stock on the following Monday. Mark discusses the deal with their father, Jordan, who buys 20,000 RS shares on Thursday. on July 25, the day before the RS bid is due, Gain phones his parents' home, and Mark buys another 3,200 RS shares. over the next few days, Gain periodically phones Mark and Jordan, both of whom continued to buy RS shares. on August 5, RS refuses Forest's bid and announces that it is merging with another company. The price of RS stock rises thirty percent, increasing the value of Mark's and Jordan's shares by nearly $660,000 and $400,000, respectively.

Required:
a. Is Gain guilty of insider trading?
b. Could a court hold Gain liable? Why or why not?

Answers

Based on the scenario described and the actions of those related to Gain:

a. Gain is indeed guilty of insider trading b. A court could indeed hold Gain liable

Insider trading:

Occurs when one buys shares because they know something that the rest of the public does not Allows such traders to gain great profits or avoid huge losses

When a company is to be acquired, its shares generally rise in price. Gain must have told his brother that he was trying to acquire RS Communications which was why both his brother and father purchased those shares.

In conclusion, Gain engaged in insider trading because his brother and father bought RS shares knowing they would rise as a result of the confidential information Gain shared with them and a court would hold him liable for this.

Find out more on insider trading at https://brainly.com/question/15848966.

A locally
Operated business produces locally demanded goods and services justify this statement

Answers

The best justification of the statement that a locally  operated business produces locally demanded goods and services is:

They provide goods and services which the people in the area wants.

According to the given question, we are asked to state the best justification of the statement that a locally  operated business produces locally demanded goods and services

As a result of this, we can see that when a local business produces goods, then it is more liable to listen to the needs and demands of the local people and which would meet the customer's needs and also give profit to the business.

Read more about locally  operated business here:

https://brainly.com/question/24445434

When applying for a job, which document should you tailor to fit the job posting?

Both the cover letter and the résumé

Neither the cover letter nor the résumé

Only the cover letter

Only the résumé

Answers

both the cover letter and résumé

Which statement or statements apply to a bond which is selling at a premium? I. The market value exceeds the par value. II. The selling rate is above 100. III. It is sold by corporations, not by the government. A. I and II b. I only c. III only d. I, II, and III.

Answers

Answer:

Its A

Explanation:

I took the test

Answer:

A

Explanation:

edge

Fancy Nails cost formula for miscellaneous expenses is $30 per operating day plus $0.25 per client served. Fancy Nails' miscellaneous expense budget in a month when the business is going to be open for 25 days and they expect to serve a total of 2,400 clients is $______. (Enter your answer as a whole number.)

Answers

Answer:

2430.25

Explanation:

I hope it helps you

Based on the rate for the miscellaneous expenses,  Fancy Nails' miscellaneous expenses for 25 days is $1,250.

What are the miscellaneous expenses for 25 days?

Given the cost formula, the miscellaneous expenses will be:

= (Cost per operating day x Number of days) + (Cost per client x number of clients)

Solving gives:

= (30 x 25) + (0.25 x 2,000)

= 750 + 500

= $1,250

In conclusion, Fancy Nails will have miscellaneous expenses of $1,250.

Find out more on miscellaneous expenses at https://brainly.com/question/9928750.

when demonstrating 2022 versa’s smooth acceleration, what should you point out is the effect of d-step tuning on the xtronic cvt®?

Answers

Based on automobile analysis, when demonstrating 2022 versa’s smooth acceleration, to point out the effect of d-step tuning on the X-Tronic CVT is that "During rapid acceleration, the transmission simulates shifts."

Generally, Versa 2022 is one of the latest vehicles released by the Nissan automobile manufacturer.

This particular vehicle was designed to meet the modern features and give users an easy ride experience and navigation.

Hence, in this case, it is concluded that the correct answer is "During rapid acceleration, the transmission simulates shifts."

Learn more about automobile functions here: https://brainly.com/question/3485399

what is a loan agreement and why is it important

Answers

Answer:

Loan agreements are an important part of borrowing money; they protect both the borrower and the lender. A loan agreement spells out the details of the transaction, including the loan amount, the interest rate, and the terms.

Explanation:

what is term for the ability to easily turn assets or investments into cash?

Answers

The one on the top is correct

A key to effective leadership is the ability to : A. maintain order, stability, and control. B. communicate a vision and rally others around that vision. C.

Answers

Being able to communicate is a key to effective leadership

Effective leadership is one that has strong values and guides their decision-making process. The honest in terms of the interactions and creative in terms of stability and order.

Hence they think out of the box and come up with an innovative solution. Hence the option A is correct that is  maintain order, stability, and control

Learn more about the is the ability.  

brainly.com/question/15835048.

A grid-based layout commonly used in website design is called what?

A. Rebus

B. Mondrian

C. Circus

D. Sihouette

Answers

A grid-based layout that is commonly used in the design of a website is called: B. Mondrian.

A website can be defined as a collective name that is used to describe series of webpages that are linked together with the same domain name. Also, all website are hypertext markup language (HTML) documents that contains codes, tags, image, audio, and video files, inserted to make them responsive and interactive with end users.

In Web design, a grid serves as an underlying structure upon which the layout of a website is built. The most commonly used grid-based layout for the design of a website is called Mondrian.

Mondrian is a grid-based layout that can be used to divide spaces on a website into clear sections, in order to enable the smooth navigation and transition of webpages and its contents.

Read more on Mondrian here: https://brainly.com/question/2185092


Employees who work on commission typically work in
education

Answers

Answer:

Is this true or false? What are the options to answer

Explanation:

A sales commission is a sum of money paid to an employee upon completion of a task, usually selling a certain amount of goods or services. Employers sometimes use sales commissions as incentives to increase worker productivity. A commission may be paid in addition to a salary or instead of a salary. The Fair Labor Standards Act (FLSA) does not require the payment of commissions.

Integrated Marketing Communication involves coordinating only paid personal communications. True False

Answers

it is false that Integrated Marketing Communication involves coordinating only paid personal communications because it involves paid and non-paid personal communications.

A paid personal communications entails the communication channel which requires payment such as advertisement.

An Integrated Marketing Communication entails integrated marketing elements which helps to communicate with the customers.

The element of Integrated Marketing Communication includes:

public relationssocial mediaaudience analyticsadvertising etc

In conclusion, it is false that Integrated Marketing Communication involves coordinating only paid personal communications because it involves paid and non-paid personal communications.

Read more about Integrated Marketing Communication

brainly.com/question/9696745

David sometimes brings hard boiled eggs for lunch at work, which several of his coworkers do not enjoy the smell of. One day at work, David and his coworkers discussed how they could best share the break room space. They decided that on days David brought in hard boiled eggs he would eat them in his office rather than in the break room.

Answers

There are different types of conflict. The above Scenario is called functional Conflict.

Conflict is one that has both negative and positive consequences. It can result in change, improve situations and bring about new solutions.

There are Two types of conflict that often takes place within a company. They are functional and dysfunctional.

Functional conflict is said to be a form of conflict that is healthy, consist of constructive disagreement between groups or individuals.

Conclusively, Functional conflict among employees helps them to express their viewpoints as in the case of David's co-worker. This can help them identify the problem and then make a way out to resolve it.

Learn more about Functional Conflict from

https://brainly.com/question/8191208

The ______ of real estate markets makes it impossible to generalize the impact events in other areas will have on real estate values.

Answers

Answer: uniqueness

Explanation:

The uniqueness of real estate markets makes it impossible to generalize the impact events in other areas will have on real estate values.

Which of these is a characteristics of real estate?

In business terms, real estate is an instrument of investment. Real estate has seven specific characteristics related to its economic impact or physical nature. They are scarcity, improvements, location, investment permanence, uniqueness, immobility, and Indestructibility.

What is the most important characteristic of real estate?Permanence of investment is also known as fixity and means investments in real estate are long-term. This is due to the physical characteristics of indestructibility and immobility. Since land is immobile, investment in property becomes fixed. Land cannot be moved if the market becomes better in another location.

To learn more about real estate, refer

https://brainly.com/question/1688080

#SPJ2

Other Questions
After completing initial diagnostic procedures and allocating system resources, a startup BIOS program checks for information about secondary storage devices that might contain the OS. The list of devices and the order in which they should be checked can be found and arranged in the CMOS setup utility. This option is commonly referred to as a: Young's modulus is a quantitative measure of stiffness of an elastic material. Suppose that for metal sheets of a particular type, its mean value and standard deviation are 75 GPa and 1.7 GPa, respectively. Suppose the distribution is normal. (Round your answers to four decimal places.)Required:a. Calculate P(79 Find the Measure of one interior angle for each polygon Which best describes the processes of mitosis and meiosis?Cells in mitosis go through the PMAT stages twice to produce diploid cells while cells in meiosis go through PMAT stages once to produce haploid cells.Cells in mitosis and meiosis go through the PMAT stages twice to produce haploid cells.Cells in mitosis go through the PMAT stages once to produce diploid cells while cells in meiosis go through PMAT stages twice to produce haploid cells.Cells in mitosis and meiosis go through the PMAT stages once to produce diploid cells. Compared with a eukaryotic cell, a prokaryotic cell Select one:______ a. lacks organelles beyond ribosomes. b. is larger. c. does not require energy. d. is not living. e. has no method of movement. Select the correct answerRead the sentence from the draft.Another argument, which is one often cited by parents, is the concern that children spend too much time on social media, talking long into the night with friends and losing sleep.What is the best way to revise the sentence to reduce wordiness?A. Another argument is about time on social media because children talk too much and too late.B. Another argument parents make over and over again is the issue of how much time their children spend on social media.C. Another argument is that children use social media to talk hour after hour, day after day to friends.D. Another argument parents often make is that children spend too much time on social media. The scatterplot shows the attendance at a pool for different daily high temperatures.A graph titled pool attendance has temperature (degrees Fahrenheit) on the x-axis, and people (hundreds) on the y-axis. Points are at (72, 0.8), (75, 0.8), (77, 1.1), (82, 1.4), (87, 1.5), (90, 2.5), (92, 2.6), (95, 2.6), (96, 2.7). An orange point is at (86, 0.4).Complete the statements based on the information provided.The scatterplot including only the blue data points shows a strong positive association. Including the orange data point at (86, 0.4) would weaken the correlation and decrease the value of r. which milatary leader was tied to the ship so he would not fall off during battle Find the value of the sum 219+226+233++2018.Assume that the terms of the sum form an arithmetic series.Give the exact value as your answer, do not round. simplify 7-(3n+6)+10n Find the missing segment in the image below When 18 divided by a whole number N, the remainder is 4. Is this true for the many different values of N? Later in this course, you will write an argumentative essay. Choose ONE of the following prompts:There is an old saying, The pen is mightier than the sword. Consider: What does this metaphor mean? How does it apply to George Orwells novel Animal Farm? How does it apply to other political/social writers, too? In your argumentative essay, provide at least three examples from literary texts and/or real life, that support the saying, The pen is mightier than the sword or disprove it. People are inherently good or evil. Consider: What makes some people good and what makes others evil? Is there an ongoing battle in our world between the weak and the strong? How does this apply to Animal Farm? Where do you see examples of goodness or evil in your world? In your essay, provide at least three examples, from literary texts and/or real life, that support the saying, People are inherently good or evil, or disprove it. SUBMIT: After choosing one prompt from above, write a thesis statement for your essay in the textbox below. Your teacher will approve the thesis before you start researching and writing your outline. What system of linear inequalities is shown in the graph?Enter your answers in the boxes. The history of life has been punctuated by several mass extinctions. For example, the impact of a meteorite may have wiped out most of the dinosaurs and many forms of marine life at the end of the Cretaceous period. Fossils indicate that plants were less severely affected by this mass extinction. What adaptations may have enabled plants to withstand this disaster better than animals what is the gram formula of na2co3 A 10-item statistics quiz was given to 30 students. The table below gives the scores received along with the corresponding frequencies.A 2-column table with 6 rows. Column 1 is labeled score with entries 5, 6, 7, 8, 9, 10. Column 2 is labeled Frequency with entries 1, 2, 5, 5, 7, 10.What was the mean score on the quiz?7.58.5910 Find the surface areas of each figure. Round your answers to the nearest tenth, if necessary Why does Jefferson think the National Bank is unconstitutional Question 14 (1 point)A local bakery called "Becky's Bakery" makes 100 batches of cookies in 8 hours. If they keep up thispace, how many batches of cookies would they make in 12 hours