Feingold Corporation Uses the Direct Write-Off Method of Accounting for Uncollectible

question 39

Essay

Feingold Corporation uses the direct write-off method of accounting for uncollectible accounts. On February 2, 2013, after making numerous efforts to collect $2,400 from a customer, the company wrote off the account. On April 1, 2013, the customer paid the $2,000 to Feingold. Make the appropriate entries to 1) write off the account; 2) reestablish the account receivable; and 3) to record the collection.

Identify key biologic agents and understand the significance of public health preparedness for pandemics and bioterrorism threats.

Understand the fundamental payroll concepts, including the difference between salaries and hourly wages.

Identify key written communication and record-keeping tools in a professional setting.

Distinguish between gross and net earnings.

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Definitions:

American Freedom

A broad concept reflecting the values and liberties championed by the United States, such as freedom of speech, religion, and the pursuit of happiness, as outlined in founding documents like the Constitution and the Declaration of Independence.

1890s

The decade extending from January 1, 1890, to December 31, 1899, characterized by significant social, economic, and political change.

Annexation

The formal process by which a state takes over the territory of another state, usually without the agreement of the latter.

Political Democracy

Represents a form of government in which power is vested in the people, who rule either directly or through freely elected representatives.