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Olympic Supply company uses the direct-off method of accounting for uncollectible account.
Instructions:
Record the following transactions in the general journal.
1. On April 10, sold merchandise on account to Sonya Dickson, $600 plus sales tax, Sales slip 928.
2. On November 30, wrote off Sonya Dickson's account as uncollectible, $630, Memorandum 78.
3. On December 30, received $630 from Sonya Dickson for full payment of her account. This account was written off on November 30, Memorandum 89 and Receipt 277.
brewer company specializes in selling used cars. during the month the dealership sold 22 cars at an average price of
A company changes from straight-line to an accelerated method of calculating depreciation, which will be similar to the method used for tax purposes. The entry to record this change should include a
badger recorded 500000 of net sales for the year of which 2 is estimated to be uncollectible. id and analyze the
Calculate the increase or decrease in net operating income if an 8,300 increase in the monthly advertising budget would increase monthly sales by 14,300
1. applied overhead of a company exceeds actual overhead when thea.overhead account has a credit balanceb. journal
Stockton Corporation purchased equipment for $32,000. Stockton also paid $400 for freight and insurance while the equipment was in transit. Sales tax amounted to $240. Insurance, taxes, and maintenance the first year of use cost $1,000. How much s..
on june 30 2007 semiannual secured bonds having a face value of 200000 a life of 10 years and a coupon rate of 7 were
background informationeileen timmons was a registered nurse living in salmon river newfoundland. a single parent with
The reclassification of trading securities as available-for-sale would produce the following effect:
in january, Reyes Tool and Dye requisitions raw material for production as follows: Job 1 $900, job 2 $ 1,200, job 3 $700, and general factory use $600.
Veron Corporation purchases potatoes from farmers. The potatoes are then peeled, producing two intermediate products-peels and depeeled spuds.
as team develop a generic communications plan outline template which could be in the form of a table or an outline. no
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