Solution-Determine the amount of cash collected

Determine the amount of cash collected

Assignment Help Cost Accounting

Reference no: EM13521364

olson corp. reported the following in the current assets section of its december 31, 2012 balance sheet: 12/31/12 12/31/11 accounts receivable,net allowances of 5,000 and 3,000 54,000 48,000 respectively during 2012,olson recorded 80,000 of sales on credit and wrote of 4,000 of uncollectible accounts required:

1. determine the amount of cash collected during 2012 from sales on credit 2. determine the amount of bad debts expense for 2012

Reference no: EM13521364

Questions Cloud

Human reasoning tends-deductive arguments : Human reasoning tends to use a mixture of both. All sound arguments are valid, but not all valid arguments are sound. One way to make an inductive argument stronger is to. Deductive arguments should never be characterized as

Find the actual elevation angle of the sun above horizontal : An underwater scuba diver sees the sun at an apparent angle of 45.0 degrees above the horizontal. What is the actual elevation angle of the sun above the horizontal

What were the equivalent units of production : What were the equivalent units of production for (a) materials and (b) conversion costs?

Films and novels are among other things : Films and novels are among other things forms of storytelling.

Determine the amount of cash collected : Determine the amount of cash collected during 2012 from sales on credit 2. determine the amount of bad debts expense for 2012

What should be the number of turns on the secondary side : For a step-down transformer, the input voltage is 120V (rms) and output is to be 6v (rms). What should be the number of turns on the secondary side of the transformer, if the number of turns on the primary side is 200

How many units were transferred out period : Soria uses the FIFO method to compute equivalent units and how many units were transferred out this period?

What is the reactant of the circuit : An RLC circuit consists of a 100 omh resistor, a 20 micro Coulomb capacitor, and a 400mH inductor connected in series with a 120V, What is the reactant of the circuit

The flaws in the american educational system : Write a paper about the flaws in the American educational system

User Account

All Pages

Determine the amount of cash collected

Reference no: EM13521364

Reference no: EM13521364

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT