Mandy Smith's Account Was Written Off Last Year

question 10

Multiple Choice

Mandy Smith's account was written off last year. She owed City Company $5,000. Using the allowance method, the journal entry to receive the cash after her account has been reinstated involves:

• A)a debit to cash and a credit to Smith's account receivable.
• B)a debit to allowance for doubtful accounts and a credit to Smith's account receivable.
• C)a debit to cash and a credit to bad-debt expense.
• D)a debit to Smith's account receivable and a credit to allowance for doubtful accounts.

Understand the appropriate use of subject lines and their composition.

Comprehend how to effectively communicate changes and decisions within an organization.

Grasp the concepts of direct and indirect messages and their underlying purposes.

Learn how to respond to customer complaints effectively.

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Definitions:

REM Sleep

A phase of sleep characterized by rapid eye movements, during which most dreaming occurs, and is thought to play a role in learning and memory.

Normal Portion

A standard or average size or amount of a food serving or meal based on dietary guidelines or social norms.

Arousal

A physiological and psychological state of being awake, alert, and attentive, often a prerequisite for effective performance in various tasks.

Behavior

Actions or reactions of an individual or group in response to external or internal stimuli.