Which of the following is included in the normal journal entry to record the collection of accounts receivable previously written off when using the allowance method?
a. Debit Allowance for Doubtful Accounts, credit Accounts Receivable.
b. Debit Allowance for Doubtful Accounts, credit Bad Debt Expense.
c. Debit Bad Debt Expense, credit Allowance for Doubtful Accounts.
d. Debit Accounts Receivable, credit Allowance for Doubtful Accounts.
Answer: d. Debit Accounts Receivable, credit Allowance for Doubtful Accounts.
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Which of the following statements concerning the F distribution is true?
A) The F distribution is discrete. B) The F distribution is symmetrical. C) The F distribution is useful in modeling customer arrivals. D) The F distribution is useful in testing hypotheses about variance. E) The F distribution is interchangeable with the normal distribution for large sample sizes.