Dina Kader withdrew a total of $35,000 from her business during the current year. The entry needed to close the withdrawals account is:  Group of answer choices Debit Dina Kader, Capital and credit Dina Kader, Withdrawals for $35,000. Debit Dina Kader, Withdrawals and credit Cash for $35,000. Debit Income Summary and credit Dina Kader, Withdrawals for $35,000. Debit Income Summary and credit Cash for $35,000.

Judy Smith owed the Flower Company $3,200 on account by February 25. After several attempts to the collect the money that was owed, Flower Company wrote off Judy's account as uncollectible on August 31. On December 15 Flower Company received a check from Judy Smith for the full $3,200 that she had owed the company. The company's fiscal year ended on December 31. Which of the following journal entries is recorded to reinstate the account when using the direct write-off method? a.Debit Accounts Receivable $3,200 and credit Uncollectible Accounts Recovered $3,200 b.Debit Bad Debt Expense $3,200 and credit Accounts Receivable $3,200 c.Debit Accounts Receivable $3,200 and credit Bad Debt Expense $3,200 d.Debit Allowance for Doubtful Accounts $3,200 and credit Bad Debt Expense $3,200

Shawana Valley is an attorney in Los Angleses. Valley uses the direct write-off methodd to account for uncollectible receivables. At April 30, 2018, Valley's accounts receivable totaled $19,000. During May, she earned revenue of $22,000 on account and collected $15,000 on account. She also wrote off uncollectible receivables of $1,100 on May 31, 2018. Requirement 1. Use the direct write-off method to jounalize Valley's write-off of the uncollectible receivables. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Requirement 2. What is Valley's balance of Accounts Receivable at May 31, 2018? Start by selecting the labels and then enter the amounts to calculate the balance in Accounts Receivable at May 13, 2018.                                                  ACOUNTS RECEIVABLE Collections -Apr 30 Bal- Net credit sales- write- offs

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1. Ace Plus is a home improvement store that began operations last year. On December 31st of the first year of operations, Ace Plus had accounts receivable totaling $50,000 and the store’s manager, Bill Henrickson, estimated that $1,500 of those receivables will not be collected. On January 17 of Year 2, Ace Plus decided to write off as uncollectible a $500 receivable owed by Roman Grant. Benny, the new accountant at Ace Plus, is struggling with receivables. Please advise him by answering the questions below. Assume Ace Plus uses the Allowance method for write-offs. 1. What should the December 31st journal entry look like? 2. What should the January 17th journal entry look like? 3. What type of account is Allowance for Doubtful Accounts and what type of balance does it have, debit or credit? 4. Briefly explain why a company might use the Direct Write-Off method instead of the Allowance method? Does it even make a difference?

please help with this problem thank you

Record each transaction in a journal entry. Explanations are not required.

Mar. 29) Fisher withdrew $5,600 cash from the company for personal use. Note: Enter debits before credits.         Date Account Title Debit Credit Mar 29

Jason and Matthew borrowed $38.400 on a 7-month, 5% note from Gem State Bank to open their business, Blossom's Coffee House The money was borrowed on June 1, 2025, and the note matures January 1, 2026. (a) ✓ Your answer is correct. Prepare the entry to record the receipt of the funds from the loan. (List all debit entries before credit entries, Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts) Date ne 1, 2025 Account Titles and Explanation (b) Question 5 of 12 Cash Date Notes Payable eTextbook and Medial Prepare the entry to accrue the interest on June 30, (List all debit entries before credit entries. Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts) Account Titles and Explanation Debit 38400 Credit Debit…

Kelly Jones and Tami Crawford borrowed $10,500 on a 7-month, 8% note from Gem State Bank to open their business, Oriole’s Coffee House. The money was borrowed on June 1, 2022, and the note matures January 1, 2023. Prepare the entry to record the receipt of the funds from the loan. Date Account Titles and Explanation Debit Credit June 1 enter an account title to record the receipt of the funds from the loan on June 1enter an account title to record the receipt of the funds from the loan on June 1 enter a debit amountenter a debit amount enter a credit amountenter a credit amount   enter an account title to record the receipt of the funds from the loan on June 1enter an account title to record the receipt of the funds from the loan on June 1 enter a debit amountenter a debit amount