At the beginning of the current period, vaughn manufacturing had balances in accounts receivable of $186,800 and in allowance for doubtful accounts of $9,680 (credit). during the period, it had credit sales of $872,700 and collections of $697,700. it wrote off as uncollectible accounts receivable of $6,866. however, a $2,837 account previously written off as uncollectible was recovered before the end of the current period. uncollectible accounts are estimated to total $24,470 at the end of the period. (omit cost of goods sold entries.)
a. prepare the entries to record sales and collections during the period. b. prepare the entry to record the write-off of uncollectible accounts during the period. c. prepare the entries to record the recovery of the uncollectible account during the period. d. prepare the entry to record bad debt expense for the period.

When is going to be why would you put money into saving account

Imagine you own an established startup with growing profits. you are looking for funding to greatly expand company operations. what method of financing would be best for you?

Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturer’s national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturer’s bank will be able to extend as the result of truck’s deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fed’s action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.