User Account

All Pages

What amount would have been used in the year end adjusting

Assignment Help Accounting Basics
Reference no: EM13903065

Warner Company's year end unadjusted trial balance shows accounts receivable of $ 99,000, allowance for doubtful accounts of $ 600 (credit), and sales of $ 280,000. Uncollectibles are estimated to be 1.5% of accounts receivable. 

1. Prepare the December 31 year end adjusting entry for uncollectibles. 

2. What amount would have been used in the year end adjusting entry if the allowance account had a year end unadjusted debit balance of $ 300?

Reference no: EM13903065

Questions Cloud

What is the gravitational attraction between them : A man of mass 95kg is dancing with his wife, who has a mass of 68kg. Assume that each person's mass is concentrated at their respective centers of mass, which are separated by 48cm. What is the gravitational attraction between them?
What proportion of people survived to age 6 : Suppose you were a seller of annuities in 1662 when Graunt's book was published. Explain how you would make use of his data on the ages at which people were dying.
Draw the state diagram of the soda vending machine : Exercise 1. Let's consider the old coin based soda machine behavior discussed in class. The following states were identified: Idle, Collecting Money, Testing & Computing Change, Making Change, and Dispensing Item. Draw the State Diagram of the Soda V..
Critique graunts method for estimating population of london : Critique Graunt's method for estimating the population of London. What implicit assumption is he making?
What amount would have been used in the year end adjusting : Warner Company's year end unadjusted trial balance shows accounts receivable of $ 99,000, allowance for doubtful accounts of $ 600 (credit), and sales of $ 280,000. Uncollectibles are estimated to be 1.5% of accounts receivable.
Is this conclusion justified : Is this conclusion justified? Explain and If your answer to part (a) is no, what other information would be needed before a final conclusion could be drawn?
Compare the actual job costs to managements expected costs : Polebarn Construction  Inc.'s  management  is concerned  that costs  are higher than anticipated. Compare the actual job costs to management's expected costs, and report your results.
Describe the concept of concurrency : Write 2 pages.Describe the concept of concurrency. Use examples to discuss how concurrency is used in distributed enterprise systems and why concurrency is important in these scenarios.
Data warehouse vs data mining : Please write a  paper for me on Data warehouse vs Data mining (8pages APA format)

Reviews

Write a Review

Accounting Basics Questions & Answers

  Sorenstam company uses the aging method to estimate bad

sorenstam company uses the aging method to estimate bad debts. the allowance for doubtful accounts has a credit balance

  During january its first month of operations reyes tool amp

during january its first month of operations reyes tool amp dye accumulated the following manufacturing costs raw

  Discuss how non-compliance with the goodwill impairment

discuss how non-compliance with the goodwill impairment regime guthrie and pang 2013 p. 219 prescribed by aasb

  An asset and the stockholder equity account

The purchase of inventory affects both an asset and the stockholder's equity account

  Contrasting to the job order costing system

Describe how the process costing system accumulates and assigns costs by comparing and contrasting to the job order costing system.

  Advise green of the pros and cons of that structure

He does not currently own permanent retail space, but he has not ruled it out. What business structure would you recommend to Green? Advise Green of the pros and cons of that structure.

  Accounting principles for nonprofit organizations

Explain how fund accounting principles for nonprofit organizations affect routine revenue type journal entries.

  Assumption of no tax consequences

The machine will have a 5-year life, at which time the terminal disposal value is expected to be $20,000. Upper Darby Park Department is assuming no tax consequences. If Upper Darby Park Department has a required rate of return of 10%, which of th..

  Winsor corporation evaluates its managers based on return

winsor corporation evaluates its managers based on return on investment roi. sue jenson and ruth sands managers of the

  Prepare a bank reconciliation to calculate

Prepare a bank reconciliation to calculate the correct ending balance of cash on October 31, 2015.

  The following standards for variable manufacturing

the following standards for variable manufacturing overhead have been established for a company that makes only one

  Prepare the journal entry to record the issuance of the bond

Prepare the journal entry to record the issuance of the bonds and the related bond issue costs incurred on January 1, 2013.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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