User Account

All Pages

Make the appropriate journal entry for october

Assignment Help Financial Accounting
Reference no: EM132935308

Problem - Kitchen Equipment Company uses the allowance method to accounts for uncollectibles. On October 31, it wrote off a $1,200 accounts receivable account for customer Bob Sharpe. On December 9th it received an $800 payment from Rowe.

Required -

(a) Make the appropriate journal entry for October 31.

(b) Make the appropriate entry or entries for December 9.

Reference no: EM132935308

Questions Cloud

Determine value charged to accumulated profits : Determine value charged to accumulated profits and losses account. Compute the amount which should be credited to the liability account
How calculate after-tax salvage value at the end of year six : The firm requires a 9% return on its investment and has a tax rate of 21%. Calculate the after-tax salvage value at the end of year 6.
Illustrating the shape of stomata and guard cells : Draw a picture illustrating the shape of stomata and guard cells on a hot, dry clay!
Future of managing information security : Analyze and discuss two of the following concepts: Bring your own device, Cloud Computing, Social Networking, Enterprise Portals, and Open-Source Software.
Make the appropriate journal entry for october : On October 31, it wrote off a $1,200 accounts receivable account for customer Bob Sharpe. Make the appropriate journal entry for October 31
How do solve the depreciation expense at the end of year two : The company plans to use a vacant warehouse to manufacture and store the calculators. Calculate the depreciation expense at the end of year 2.
Recommend antibiotic prophylaxis for mrs fitzpatrick : Kathleen Fitzpatrick is 55 years old and has been coming to your practice for many years. She is married, has three children, and works as the secretary at her
Who owns the inventory while is in transit : Who owns the inventory while it is in transit? As a buyer you ordered inventory with terms FOB destination. The cost of inventory was $4,675.
How the kidneys regulate blood ph during alkalosis : 1. Your kidneys are important for maintaining homeostasis of your blood pH.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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