Answer: Option (d)
Explanation:
Under this case the write off will be as follow:
Debit Credit
Allowance for doubtful accounts 25,200
Accounts receivables 25,200
Here, in this case the Allowance for the doubtful accounts and Accounts receivables are further decreased as the outcome of the transaction made. Thus, there will be no further effect on working capital. Therefore the $30,000 that is bad debt would then be stated as the credit to allowance account. This will then decrease the working capital by $30,000.
Answer:
Rent Expense (Dr.) $5,000
Cash (Cr.) $5,000
Inventory (Dr.) $35,380
Accounts Payable Martin Co. (Cr.) $35,380
Accounts Receivable Korman Co. (Dr.) $62,000
Sales (Cr.) $62,000
Cost of Goods Sold (Dr.) $48,500
Inventory (Cr.) $48,500
Explanation:
Advertising Expense (Dr.) $21,800
Cash (Cr.) $ 21,800
Cash (Dr.) $62,000
Accounts Receivable Korman Co. (Cr.) $62,000
Customer Refund Payable (Dr.) $31,500
Cash (Cr.) $31,500
Sales Salaries Expense (Dr.) $12,000
Office Salaries Expense (Dr.) $ 38,000
Cash (Cr.) $50,000
Store Supplies Expense (Dr.) $2,200
Cash (Cr.) $2,200
Answer:
group purchasing organization (GPO)
Explanation:
A Group Policy Object (GPO) is set of standards that offer Active Directory (AD) manager granular permissions over objective configuration, involving accounts, operating systems, programs, as well as other AD items. GPOs are also used to control the Active Directory system centrally and to customize it. The interpretation of code parameters will also included in this.
A group purchasing organization (GPO) in United States is an organization created to exploit a group of companies ' buying power to receive discounts from suppliers based on the mutual purchase power of GPO members '
Answer:
c. It hopes to make more money available for loans
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