Assume jones company determines it will not be able to collect $500 from customer joe smith for sale of merchandise on account. the journal entry to write off the amount using the direct write off method would be:

Suppose there are only three people in the economy: jane, harry, and bob. the individual demand for corn for each of these consumers is given in exhibit 3-1. the total quantity demanded of corn if the market price is $5 is

Which of the following is a disadvantage to choosing a sole proprietorship business structure? question 9 options: the owner has personal responsibility for the company's liabilities. the owner has to share the profits with partners. the owner is still liable for personal debts. the owner has to report to shareholders.

Select the word from the list that best fits the definition sometimes