Knowledge check 01 on december 31, management had determined that it would not be able to collect the $1,200 owed to it by one of its customers. on jan 15 in the next year, a check in the amount of $600 was unexpectedly received from this customer. management does not expect any future collections from this customer. the company uses the direct write-off method to account for its uncollectible accounts. prepare the necessary journal entry on january 15 to record the events by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. prepare two separate journal entries. the first journal entry is to record the reinstatement of the account receivable and the second is to record the receipt of cash.

If you were running a company, what are at least two things you could do to improve its productivity.

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.

In terms of precent, beer has more alcohol than whiskey true or false