Dafuq is this dumb site. This is some bull the verified answers where always wrong like dafuq is the point.
False. Investing is sometimes considered a form of saving money people use other than savings accounts
Answer: See explanation
Explanation:
The journal entry to correct the errors is given below:
a. Dr Cash $8400
Cr Account receivable $8400
b. Dr Supplies $2500
Cr Office equipment $2500
Dr Supplies $2500
Cr Account Payable $2500
Note that the first entry that's given in (b) above reverses the incorrect entry. On the other hand, the second entry simply records the correct entry.
Answer:
ukrskyrstluustliltdild5id
5i
d5dtij
dttid
idt
iltddtlilitdild5itlditdlidltdt
idt
it
iddt
iiltditdlditlidtdt
iitldtdi
ditlidltdlit
Explanation:
uktstliutlss5i
5id
il6rrip6
6ro
6ridli6dil5d6
it
did
tidi
5dti
di
tdid
tdi
tid
i
tdoyd
id
ttid
tidl.idtltddit
tdi
dti
tid
idt
itd
dtdi
idt
it.dlitrkutdkutdutdludltudlitd
itofyyo
f
foy
rti
fo6dti6r96r
9
97r7r0
6r9
r96
9
goofy 0r
said
Answer:
The Journal entries to record the given transactions would be:
Account Title Debit Credit
(1) Uncollectible Accounts Expense 18,600
Allowance for Doubtful Accounts 18,600
($600 + $18,000)
(2) Allowance for Doubtful Accounts 350
Accounts Receivable—Fronk Co. 350
(3) Accounts Receivable—Fronk Co. 200
Allowance for Doubtful Accounts 200
Cash 200
Accounts Receivable—Fronk Co. 200
(4) Cash 400
Allowance for Doubtful Accounts* 200
Accounts Receivable—Dodger Co. 600
($600 - $400)*