Customer A

question 55

Multiple Choice

Customer A.Smith owed Stonebridge Electronics $325.On April 27,2016,Stonebridge determined this account receivable to be uncollectible and wrote off the account.The company uses the direct write-off method.On July 15,2016,Stonebridge received a check for $325 from the customer.How should the July 15,2016 transaction be recorded?

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Definitions:

Nervous System

A collection of neurons and their interconnected fibers responsible for sending nerve messages across the body, integrating physical activities and sensory inputs.

Hormones

Chemical substances produced in the body that regulate the activity of cells or organs.

Psychologists

Professionals who study mental processes and behavior in humans and animals.

Neurotransmitters

Chemical messengers that transmit signals across a chemical synapse, from one neuron (nerve cell) to another target neuron, muscle cell, or gland cell.