On June 16,2018,Evergreen Company Wrote Off the $200 Receivable from Customer

question 34

Multiple Choice

On June 16,2018,Evergreen Company wrote off the $200 receivable from customer M.Simmons.On October 14,2018,Evergreen unexpectedly receives $200 cash from M.Simmons.How should Evergreen record the $200 payment from M.Simmons? Evergreen uses the allowance method.

• A) Debit Cash and credit Bad Debts Expense
• B) Debit Accounts Receivable - M. Simmons and credit Allowance for Bad Debts; debit Cash and credit Accounts Receivable - M. Simmons
• C) Debit Accounts Receivable - M. Simmons and credit Bad Debts Expense; debit Cash and credit Accounts Receivable - M. Simmons
• D) Debit Cash and credit Allowance for Bad Debts

Describe factors contributing to the standard of living differences between countries.

Explain how laws and unemployment rates affect a nation's production capacity.

Identify the characteristics of capital and its role in economic growth.

Understand how investment impacts economic growth.

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Definitions:

Iliacus

A muscle located in the pelvis, part of the iliopsoas group, important for flexing the hip and stabilizing the lower body.

Sartorius

The sartorius is a long, thin, superficial muscle that runs down the length of the thigh in the human body, known for being the longest muscle.

Thorax Muscle

Refers to the muscles located in the chest region that assist with the breathing process and support upper body movements.

Intercostal

Pertaining to the muscles and nerves situated between the ribs, involved in the mechanics of breathing.