Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Questions -
1. Zee Company's cash account in their ledger has a debit balance of $1094. Zee has $162 of outstanding checks and $283 of deposits in transit. Zee's bank statement shows $36 in charges for checks bought from the bank. What is the proper bank balance arrived at when the bank reconciliation was completed?
2. Wellness Corp. has outstanding accounts receivable of $375978 as of December 31st and sales on credit during the year of $1087557. There is also a debit balance of $4283 in the allowance for doubtful accounts. In the company estimates that 4% of it's outstanding receivables will be uncollectible, what will the balance be in the allowance for doubtful accounts after the year end adjustment to record bad debt expense?
3. Wellness Corp. has outstanding accounts receivable of $107028 as of December 31st and sales on credit during the year of $1006254. There is also a debit balance of $5697 in the allowance for doubtful accounts. In the company estimates that 4% of it's net credit sales will be uncollectible, what will the balance be in the allowance for doubtful accounts after the year end adjustment to record bad debt expense?
4. Pool Company prepared an aging analysis of it's accounts receivable at December 31, 2015 and determined that the net realizable value of the receivables was $121469. The Allowance for doubtful accounts at the beginning of the year had a credit balance of $3293. Bad debt expense of $13796 was recorded during the year. Receivables of $1013 were written off during the year. What is gross accounts receivable at December 31st?
a firm has issued long-term bonds with a total market value of 50 million and these bonds currently earn an expected
The cost principle requires that the assets are recorded at cost. Why do you think this is important? What are some of the major classes of plants assets
Carolina Products sells a unique item with the following information available.
Summarize one of the themes that you believe is most important to the accounting profession and the impacts on the profession
If the company plans to sell 270,000 units during the year, compute the number of units it would have to manufacture during the year
Atlantic University has 8 schools 350 faculty members and 20,000 students. An analysis of the university's cost structure yielded the following annual cost estimates.
What are the elements of capital budgeting? How do you determine these elements in the global business arena? Provide examples of how you would use capital budgeting analysis to determine the desirability of global projects
ortiz co. produces 5000 units of part a12e. the following costs were incurred for that level of production direct
Suzy has been the sole shareholder of a calendar year S-Corporation since 1979. The S-Corporation has the following balances.
Calculate the amount of the year-end adjusting entry for bad debts expense. Bad debt expense is estimated to be 3% of credit sales for the year
How the leaseback portion of the sale-leaseback transaction should be accounted for at the lease's inception.
Listed below are three pairs of stocks. Look at each pair and select the security you would like to own, given that you want to select the one that's worth.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd