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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?
Suppose that Badger's 2010 ending inventory, valued at year-end costs, was $143,000 and that the relative cost index for this inventory in 2010 was 1.10. In determining the inventory balance should Badger report in its 12/31/10 balance sheet:
Can you give an example of what this number may look like by using the income statement of a real-life company?
write a 700- to 1050-word section for your strategic plan in which you add your strategies and tactics to implement and
Which of the following is not a common method of capital budgeting?
Which of the following is true regarding the lower of cost or market principle?
Dick’s Sporting Goods makes customized uniforms. The Great Northwest League has offered to buy 80 basketball jerseys for $16 per jersey-If Dick’s accepts the special order from The Great Northwest League, its operating profit will
flip company purchased equipment on july 1 2011 for 90000. it is estimated that the equipment will have a 5000 salvage
Caculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 430 units occurred on June 15 for a selling price of $8 and a sale of 370 units ib June 27 for..
projects to choose from. funds are limited so you can choose only one of the three projects. describe at least three
1. briefly explain the purpose of the disclosure note on significant accounting policies. provide two examples of what
Grevilla Gerporation is a manufacturing company. The corporation has accumulated earnings of $950,000, and it can establish reasonable needs for $400,000 of that amount. Calculate the amount of the accumulated earnings tax (if any) that Grevilla C..
nowadays manufacturing is considering an investment proposal with the following informationcost 450000useful life 6
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