Answer and Explanation:
The journal entry is shown below:
Bad debts expense Dr $60,000
To Accounts receivable $60,000
(Being the written off amount is recorded)
For recording this we debited the bad debt expense as it increased the expenses and credited the account receivable as it reduced the assets
So for correcting posting and recording we passed accurate entry
Answer:
The correct answer is exclusive distribution; selective distribution; intensive distribution.
Explanation:
The exclusive distribution, as its name implies, consists of offering the product or service to a single marketer in order to generate impact at that point of sale; selective distribution corresponds to the sale of the product to a reduced number of marketers in order to start opening the market and offer the product in other areas; and intensive distribution consists of offering the product to a large number of distributors, seeking to expand the business to new places.
When someone is looking to hire someone for a job online or on a poster they will add a job description it gives a brief overview of what the job entails
Answer: The Matching Principle says that we should recognize expenses in the same period that it has helped generate revenue. Thus, recognizing an allowance for doubtful debts for the year resulting from sales would satisfy that principle.
Explanation:
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