Gideon company uses the direct write-off method of accounting for uncollectible accounts. on may 3, the gideon company wrote off the $2,000 uncollectible account of its customer, a. hopkins. the entry or entries gideon makes to record the write off of the account on may 3 is: multiple choice bad debts expense 2,000 accounts receivable—a. hopkins 2,000 allowance for doubtful accounts 2,000 accounts receivable—a. hopkins 2,000 accounts receivable—a. hopkins 2,000 cash 2,000 cash 2,000 accounts receivable—a. hopkins 2,000 accounts receivable—a. hopkins 2,000 bad debts expense 2,000

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40