Psi Company made $250,000 in sales of which $200,000 were on credit. Prior experience indicates that 2% of all credit sales will not be collected. What is the entry to record the estimated
uncollectible accounts?
During the year, an account with a balance of $4,000 was written off as a bad debt. What is the
write-off entry?
During the year, an account with a balance of $4,000 was written off as a bad debt. What is the
write-off entry?
Psi Company started the year with an accounts receivable balance of $50,000. The credit sales of
$200,000 were also made. Collections on account were $230,000. Prior experience indicates that
2% of the ending accounts receivable balance will not be collected. What is the entry to record the
estimated uncollectible accounts?

What is the most direct result of free trade supplying productive resources to areas where they're most needed? a. enhanced efficiency b. lower interest rates c. increasing specialization d. greater competition 2b2t

Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.

When the price is the equilibrium price, we would expect there to be a causing the market to put pressure on the price until it went back to the equilibrium price. a. above; surplus; upward b. above; shortage; downward c. below; surplus; upward d. below; shortage; downward e. above; surplus; downward?