On june18 2006 jantz company had accounts receivable of

Assignment Help Accounting Basics
Reference no: EM13615014

On June18, 2006, Jantz Company had accounts receivable of $600,000 and anallowance for doubtful accounts with a $22,000 credit balance.

On June19, Jantz recorded the following transactions:

1.wrote-off as uncollectible a $4,000 account receivable from acustomer

2. received$7,000 from a customer who had been written off asuncollectible
in May

Calculate the net realizable value of Jantz'saccounts receivable after the above two transactions have been recorded.

Reference no: EM13615014

Questions Cloud

Prepare north east electroniocs classified balance sheet : the accounts of northeast electronics are listed along withtheir balances before closing at may 31. 2009
Hart nance and jason symington operate gift boutiques : hart nance and jason symington operate gift boutiques inshopping malls. the partners split profits and lossesequally
Accomplishing a specifictask or reaching a goal is the : 1. obtaining the highest possiblereturn with the minimum of use of resources committed is the basic definition ofa
A square loop of wire of side 33 cm carries 30 a of : a square loop of wire of side 3.3 cm carries 3.0 a of current. a uniform magnetic field of magnitude 0.67 t makes an
On june18 2006 jantz company had accounts receivable of : on june18 2006 jantz company had accounts receivable of 600000 and anallowance for doubtful accounts with a 22000
A coil of nichrome wire is 310 m long the wire has a : a coil of nichrome wire is 31.0 m long. the wire has a diameter of 0.360 mm and is at 20.0degc.a if it carries a
How does the write-off of anuncollectible account : how does the write-off of anuncollectible account receivable and the recovery of a previouslywritten-off account
Suppose the average family of 4 washes 2000 lbs of laundry : suppose the average family of 4 washes 2000 lbs of laundry each year. assume the variable is normally distributed with
An aluminum rod has a resistance of 330 at 200degc : an aluminum rod has a resistance of 3.30 ? at 20.0degc. calculate the resistance of the rod at 120degc by accounting

Reviews

Write a Review

Accounting Basics Questions & Answers

  Analyse a set of financial statements

PM 106:  Learning outcomes to be examined in this assessment: Analyse a set of financial statements including Income Statement, Statement of Financial Position and Statement cash flows.

  Prepare a differential analysis as of october 1 2014

on october 1 white way stores inc. is considering leasing a building and purchasing the necessary equipment to operate

  Ring company allocates the net cost of the company

ring company allocates the net cost of the company cafeteria to production departments using the direct method based on

  Financial year jackson ltd sell inventory to action ltd at

financial year jackson ltd sell inventory to action ltd at a sales price of 700 000. the inventory cost jackson ltd 420

  A company purchased mineral land estimated to contain

a company purchased mineral land estimated to contain 200000 tons of recoverable ore. it installed machinery costing

  Question corporation has provided the following production

question corporation has provided the following production and average cost data for two levels of production volume.

  Grant inc borrowed 83000 on jan 1 year 1 the company

grant inc borrowed 83000 on jan 1 year 1. the company promised to repay the loan in 9 installments.?the company will

  Financial statement analysis

Explain to Tom two key benefits to Buildit New Zealand for undertaking financial statement analysis and complete the "Table of Financial Ratios for Buildit New Zealand Limited, for 2013 and 2014

  What amount is received as payment in full on june 23

A company makes a credit sale of $750 on June 13, terms 2/10, n/30, on which it grants a return of $50 on June 16. What amount is received as payment in full on June 23? (a) $700. (b) $686. (c) $685. (d) $650.

  Briefly compare the health of the two target companies

(1) In September 2010, HP completed its $2.35 billion merger with 3Par, just weeks after thwarting rival Dell in a bidding war for the storage vendor. 3Par's StoreServ Storage Platform has been HP's flagship product and a growth driver of HP's ..

  Effect of the intra-entity sale

Senior sold all of these goods in 2011. How should Perez report the effect of the intra-entity sale on its 2011 income statement?

  Doctorrsquos fees at 200 per hour and nursing at 75 per

doctors fees at 200 per hour and nursing at 75 per hour are considered direct costs.aisha was admitted given two x rays

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