Map Exercise 8-1 You Will Need Pens of Three Different Colors for This

question 82

Short Answer

Map Exercise 8-1
You will need pens of three different colors for this exercise. On the first outline map that follows and using the textbook map entitled "Louisiana Purchase" as a guide:

-Refer to Map Exercise 8-1. Using one of the colored pens, mark and label the route Lewis and Clark took going to the Pacific with an unbroken line. Then, using a pen of the same color, mark and label the return route of Lewis and of Clark with a broken line.

---

Definitions:

Notes Receivable Account

An account on the balance sheet representing claims for payments from customers or other parties due within a year or more.

Dishonored Notes

Refer to promissory notes that have not been paid by the maker at maturity.

Accounts Receivable Method

A technique for estimating the amount of uncollectible accounts receivable and setting aside an allowance for bad debts, reflecting more accurate financial statements.

Allowance for Doubtful Accounts

A contra asset account that reduces the total receivables on the balance sheet by the amount estimated to be uncollectible.