Record the cash collection on september

Assignment Help Accounting Basics
Reference no: EM132669239

Barnes Books allows for possible bad debts. On May 7, Barnes writes off a customer account of $8,600. On September 9, the customer unexpectedly pays the $8,600 balance.

Problem 1: Record the cash collection on September 9. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

Reference no: EM132669239

Questions Cloud

Why people think that the size of a trade deficit : Why people think that the size of a trade deficit is due to a lack of competitiveness of domestic sectors, such as autos? Can you explain why this is not true,
What are three types of disparities : What are three types of disparities that are observed in health and access to health? Discuss the existing evidence of whether these health disparities are elim
Contributions of adam smith to contemporary economic : In-depth discussion of the relevance of the contributions of Adam Smith to contemporary economic thinking.
Fed summary of commentary on current economic conditions : Show a proposal recommending monetary policy actions designed to correct problems with spending, employment, and prices. Defend your choices.
Record the cash collection on september : Record the cash collection on September 9. (If no entry is required for a particular transaction/event, select "No Journal Entry Required")
Write the kuhn-tucker conditions for problem : Suppose we want to maximize the utility function u x2y x y x y x y 1. Write the Lagrangian function L. = subject to the following two constraints
How can this information help you as a leader in the field : As you pointed out, it is important to understand the root causes of issues. Let's talk for a moment about locating and using data to help with this.
Describe difference between art and entertainment : 500-word written response on the difference between Art and Entertainment. Certainly, there are similarities, and Art and Entertainment overlap in many ways.
Lagrangian function and the kuhn-tucker conditions : For each of the following functions, write the Lagrangian function and the Kuhn-Tucker conditions (including writing out the derivatives). You do not need to so

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd