Assume that Business Solutions' Accounts Receivable balance at June 30, 2012, is $20,350 and that one account of $97 has been written off against the Allowance for Doubtful Accounts since March 31, 2012. If S. Rey uses the method prescribed in Part 1b, what adjusting journal entry must be made to recognize bad debts expense on June 30, 2012? (Round your intermediate calculation to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign in your response.)

Is the difference significant at the one percent level : The samples do indicate that university A's students are younger than university B's; but is the difference significant at the 1% level? |

What is the freezing point of solution : you dissolve 15.0g of sucrose C12H22O11 in a cup of water (225g) what is the freezing point of solution (kf of water is -1.86). |

What is the business purpose doctrine : The U.S. Tax Code has evolved over time to include many credits and deductions. Certainly, the legislative process encourages offering tax benefits for certain behavior, such as buying a new car or home, investing in manufacturing equipment, and s.. |

Real-life examples of quadratic equations : Give examples of how quadratic equations can be used to solve everyday problems. |

What adjusting journal entry must be made to recognize : Rey uses the method prescribed in Part 1b, what adjusting journal entry must be made to recognize bad debts expense on June 30, 2012? (Round your intermediate calculation to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign in your re.. |

Algebra problems-academic response : Write the following phrase using symbols. 4 times the sum of m and q. Elaine was charged $195 interest for 1 month on a $1000 credit card balance. What was the monthly interest rate |

What will the temperature be : If you drop 25 g warm nails initial temp 65.4 into coffee cup calorimeter that contains 100.0 g water at 20 degrees Celsius, what will the temperature be. |

Is the difference significant at the one percent level : The samples do indicate that university A's students are younger than university B's; but is the difference significant at the 1% level? |

Find the probability that the mean of their scores : .With the conditions of problem 1, if 20 students are selected , what is the probability that the mean of their scores is greater than 18? |

## Post the closing entries to income summaryInstructions, (a) Journalize the closing entries at April 30. (b) Post the closing entries to Income Summary and Retained Earnings. Use T accounts. (c) Prepare a post-closing trial balance at April 30. |

## Assessing workplace behaviorWhat have you learned about how you work as an individual? How have you changed your behaviour or approach to the workplace as a result of what you have learned? How has this helped improve work outputs or business results in your area? |

## Gross income-constructive receipt of incomeWhich of the following is not considered actual receipt or "constructive receipt" of income in the current year? Which of the following does not have to be included in gross income? |

## Determining time value of moneyYou just turned 25. you plan on saving a equal amount in your 401K at the of each year for 40 years (your 65th birthday). You expect to earn 9% pa during this time frame. |

## Impact on the company quality costsPIAB Enterprises has identified the following as having an impact on the company's quality costs: |

## Accrual basis accountingDetermine which of the following is not one of the four conditions that normally must be met for revenue to be recognized according to the revenue principle for accrual basis accounting |

## Consolidated financial statementsExamine Footnote 8 to Foot Locker's consolidated financial statements (Other Current Assets). Notice that included in this total is "net receivables." Ending net receivables for 2006 (beginning balance of 2007) were $59 million. |

## Earnings per share of johnson alarm systemsJohnson alarm systems had $800,000 of retained earnings on December 31, 2004. The company paid dividends of $60,000 in 2004 and had retained earnings of $640,000 on December 31, 2003. |

## Prepare a system flowchartPrepare a system flowchart, following good flowcharting practices including annotations, documenting the GCO system as described above. Use VISIO or another flowcharting tool of your choice. |

## Relationship between receivables and cashWhat is the relationship between receivables and cash? What is their influence on liquidity and solvency? How do they affect competitiveness? Why are sales revenue and gross margin so important? |

## Accounting for nonprofit versus for-profit expendituresAssume a nonprofit has a restricted fund for capital asset purchases. Compare the journal entries for the cash purchase of a $10,000 computer by the nonprofit, to how the journal entry would look for this for-profit. |

## Determining variable and absorption costsAssume that the company uses variable costing, compute the unit cost for one knife set? Assuming that the company uses absorption costing, compute the unit cost for one knife set. |

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