Which of the following best defines separation of powers?
A) It is a constitutional doctrine that distributes power among the three branches of the government.
B) It is a constitutional doctrine that permits federal laws to stand if they do not conflict with a state law.
C) It is a constitutional doctrine mandating that a federal court in diversity jurisdiction must apply federal law.
D) It is a constitutional doctrine that gives the secretary of defense the power to execute the laws.
A
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The Allowance for Bad Debts account has a credit balance of $2,000 before the adjusting entry for bad debts expense
The company's management estimates that 2% of net credit sales will be uncollectible for the year 2017. Net credit sales for the year were $250,000. Prepare the journal entry to record the bad debts expense on December 31, 2017. What will be an ideal response
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What will be an ideal response?