Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1- in reviewing the accounts receivable, the cash

1- In reviewing the accounts receivable, the cash realizable value is $15910 before the write-off...

60.1K

Verified Solution

Question

Accounting

1- In reviewing the accounts receivable, the cash realizable value is $15910 before the write-off of a $1460 account. What is the cash realizable value after the write-off?

On March 1, 2018, Don Miles purchased a suit at Sheffield's Fine Apparel Store. The suit cost $1450 and Don used his Sheffield credit card. Sheffield charges 2% per month interest if payment on credit charges is not made within 30 days. On April 30, 2018, Don had not yet made his payment. What entry should Sheffield make on April 30th?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

3 Consider the graph YA 18 16 14 12 10 Gasoline Remaining gallons 8 6...

Statistics
1.2K views

1. Can two variables share a deterministic relationship, and yet be uncorrelated? For instance, suppose that X...

Psychology
1.2K views

What communities (including police) can do to prevent and control gangs

Physics
1.2K views

uestion Type MCQ Question No 22 A particle of charge 16 x 10 8C moving...

Geometry
1.2K views

d Name the postulate if possible that makes the triangles congruent A N B SAS...

Basic Math
1.2K views

Find the domain and the range of the function. (Enter your answers using interval notation.)h(x)=...

Statistics
1.2K views

Which of the following statements is true O If the variance of a data set...

Algebra
1.2K views

What would cos?csc?tan? be equal to?(A)0(B)cos? (C)1(D)sin?

Accounting
1.2K views

The direct labor times required to produce the first unit was 5 hours. The fourth...

Accounting
1.2K views

5 Your company has arranged a revolving credit agreement for up to $74 million...

Accounting
1.2K views

For each report listed in the following, indicate whether it relates to financial or managerial...

Finance
1.2K views

QUESTION 9 If a firm's supplier has a credit policy of 1/10/45, what is the...