The Following Information Is Available for Phoenix Corporation,which Uses the Allowance

question 5

Essay

The following information is available for Phoenix Corporation,which uses the allowance method of accounting for uncollectible accounts.Phoenix expects 3% of sales on account to be uncollectible.
Required: a)Calculate the amount of uncollectible accounts expense for 2016.
b)Prepare the journal entry to record uncollectible accounts expense for 2016.
c)In 2017,after several attempts of collection,Phoenix wrote off accounts that could not be collected of $700.Prepare the journal entry to record the write-off of the $700.
d)Later in 2017,Phoenix received a check for $140 from one of the customers whose account had been written off in c),above.Prepare the required journal entries to record the collection of the $140.

Critique the public policy and legal changes impacting restrictive covenants in property law.

Understand the legal framework and implications for property adjacent to watercourses.

Analyze the operation and management of condominium developments, including rights and obligations of unit owners.

Understand and identify different branding strategies.

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Definitions:

Advocacy Advertising

is a type of marketing aimed at influencing public opinion or policy by promoting a particular point of view or cause.

Legislation

Laws that have been enacted by a governing body, such as a legislature or governmental authority.

In-Ground Swimming Pool

A permanent pool constructed in the ground, often made of concrete, fiberglass, or vinyl, offering leisure and recreation.

Follow-Up

Phase of production control in which employees and their supervisors spot problems in the production process and determine needed adjustments.