Determining balance after adjustments

Assignment Help Accounting Basics
Reference no: EM13141026

Using the percentage of net sales method. uncollectible accounts expense for the year is $54000, balance of allowance for uncollectible is 18000 creedit befor adjustments what is the balance after adjustments?

Reference no: EM13141026

Questions Cloud

Corporate compliance plan : Corporate Compliance Plan
Compute the present value of outflows for bid a and b : Compute the present value of outflows for Bid A & B and then determine which bid should be accepted by Supermart Inc.
Policy and procedure would use in your medical office : creat a fictional case, and then write a poilcy and procedure that you would use in your medical office
Differential revenues and costs : Prepare a differential analysis report, dated December 15, 2009, for the make-or-buy decision, considering the 2010 differential revenues and costs.
Determining balance after adjustments : Using the percentage of net sales method. uncollectible accounts expense for the year is $54000, balance of allowance for uncollectible is 18000 creedit befor adjustments what is the balance after adjustments?
Which two cranial nerves could cause this id famaged : Surgery of the neck results in damage to a cranial nerve. The result is that the patient experiences a decreased ability to alter breathing pattern in response to low blood oxygen levels. Which two cranial nerves could cause this id famaged?
Illustrate what is the npv after taxes : Assume that the MACRS schedule assigns an equal amount of depreciation to each of the first 27 years and ½ year-to-year 28. The PV at 10% of $1 of cost recovery spread over the 28 years in this way is $0.3372. Illustrate what is the NPV after Tax..
Determining capital structure in balance : Fauver Industries plans to have a capital budget of $650,000. It wants to maintain a target capital structure of 40% debt and 60% equity, and it also wants to pay a dividend of $375,000.
What is one likely physical finding : A tumor is pressing against the superior orbital fissure on one side. Name one cranial nerve likely to be affected? What is one likely physical finding?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute juan gross income

Compute Juan's gross income assuming that he uses the cash basis of accounting.

  Compute the full taxable income

Find out the amount of Milt's income which is subject to income tax by each state. Make sure to compute the full taxable income and show all computations.

  How many pounds of direct material did blue fin use

Blue Fin Co. produces a product requiring 10 pounds of material at $1.50 per pound. Blue Fin produced 10,000 units of this product during 2009 resulting in a $30,000 unfavorable materials quantity variance. How many pounds of direct material did B..

  Investment in debt securities

Prepare the entry for May 1, 2007. The bonds are sold on August 1, 2008 for $425,000 plus accrued interest. Prepare all entries required to properly record the sale. (Show all calculations).

  How to show that your method of calculation is accurate

if you have 20 journal entries for the past 6 months that need to be re-calculated to reflect a 20% commission payout on 15 employee's what method would you use to show that your method of calculation is accurate?

  What is realized and recognized gain on the second asset

Jerry transfers two assets to a corporation as part of a Sec. 351 exchange. The first asset has an adjusted basis of $70,000 and a FMV of $50,000. The second asset has an adjusted basis of $70,000 and a FMV of $150,000. The FMV of the stock receiv..

  Determination of taxable income

Brown Corporation, an accrual basis corporation, has taxable income of $150,000 in the current year. Included in its determination of taxable income are the following transactions.

  What were the cash balances at the beginning

Locate the balance sheet, income statement, and statement of cash flows of Home Depot, Inc., in Appendix A of your text. Review those statements and then respond to the following for the year ended January 31, 2010 (fiscal year 2009).

  Why would you select the percentage of sales method

Why would you select the percentage of sales method on calculating doubtful accounts as opposed to the percentage of receivables method? Which method favors the income statement? Which method favors the balance sheet?

  Manufacturing cycle time

Wait time to the start of production 5.0 days, Delivery Cycle time 18 days, Move time 3.0 days, Inspection time 2.5 days, Queue Time during the production process 3.5 days.

  Calculate the revenue to be recognized in fiscal year

The Pickle construction division was working on one project for the 2012 fiscal year. They use the percentage of completion revenue recognition method.

  Compute the break-even point in dollars and in units

In August, Gold Company sold 770 units of their only product. For the month, fixed costs were $10,400, variable costs were 57% of sales, and the average sales price was $62.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd