Homework Answers
| Answer- 1 | |||||||
| Assets | = | Liabilities | |||||
| Cash | + | Accounts receivable | = | Liabilities | + | Stockholders Equity | |
| Jul-01 | $ 24,400 | = | $ 24,400 | ||||
| Jul-08 | - | $ 2,200 | - | $ 2,200 | |||
| Jul-11 | $ 22,200 | - | $ 22,200 | ||||
| Total | $ 22,200 | + | 0 | = | $ 22,200 | ||
| Answer- 2 | ||||||||||||
| Assets | Liabilities | Stockholder's equity | ||||||||||
| Allowance for | Retained earnings | |||||||||||
| Account receivable | - | Doubtful accounts | = | + | Common Stock | + | Revenue | - | Expense | |||
| Beg Bal | $ 330,500 | -5643 | ||||||||||
| Adj | -14187 | -14187 | Bad debt expense | |||||||||
Add Answer to:
Use a tabular summary to record the following transactions for Marigold Corp. (Omit cost of goods...
Use a tabular summary to record the following transactions for Marigold Corp. (Omit cost of goods...
Use a tabular summary to record the following transactions for Marigold Corp. (Omit cost of goods sold entries.) (a) On July 1, Marigold Corp. sold merchandise on account to Stacey Inc. for $24,400. (b) On July 8, Stacey Inc. returned merchandise worth $2,200 to Marigold Corp.. (c) On July 11, Stacey Inc. paid for the merchandise. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Assets = Liabilities + Stockholders' Equity Retained Earnings...
Use a tabular summary to record the following transactions for Jarvis Co. (Omit recording cost of...
Use a tabular summary to record the following transactions for Jarvis Co. (Omit recording cost of goods sold.) (a) On July 1, Jarvis Co. sold merchandise on account to Stacey Inc. for $23,000. (b) On July 8, Stacey Inc. returned merchandise worth $2,400 to Jarvis Co. (c) On July 11, Stacey Inc. paid for the merchandise.
Blue Spruce Corp. has been in business several years. At the end of the current year,...
Blue Spruce Corp. has been in business several years. At the end
of the current year, the unadjusted balances show:
Accounts Receivable
$318,500
Sales Revenue
2,049,800
Allowance for Doubtful Accounts
5,527
Bad debts are estimated to be 7% of receivables. Record adjustment
to Allowance for Doubtful Accounts in a tabular summary.
(Enter negative amounts using either a negative sign
preceding the number e.g. -45 or parentheses e.g.
(45).)
Blue Spruce Corp. has been in business several years. At the end...
Martinez Corp. has been in business several years. At the end of the current year, the...
Martinez Corp. has been in business several years. At the end of the current year, the unadjusted balances show: Accounts Receivable $321,300 Sales Revenue 2,041,500 Allowance for Doubtful Accounts 5,448 Bad debts are estimated to be 6% of receivables. Record adjustment to Allowance for Doubtful Accounts in a tabular summary. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets = Liabilities + Stockholders' Equity Allowance for Retained Earnings Accounts Receivable -...
Question 10 View Policies Current Attempt in Progress Use a tabular summary to record the following...
Question 10 View Policies Current Attempt in Progress Use a tabular summary to record the following transactions for Cullumber Company using a perpetual inventory system. (a) On March 2, Cullumber Company sold $928,800 of merchandise to Oriole Company on account. The cost of the merchandise sold was $511,500. (b) On March 6, Oriole Company returned $108,400 of the merchandise purchased on March 2. The cost of the merchandise returned was $60,800. (c) On March 12, Cullumber Company received the balance...
X Your answer is incorrect Use a tabular summary to record the following transactions for Blossom...
X Your answer is incorrect Use a tabular summary to record the following transactions for Blossom Company using a perpetual inventory system. (a) On March 2, Blossom Company sold $853,600 of merchandise to Sunland Company on account. The cost of the merchandise sold was $540,300 (b) On March 6, Sunland Company returned $114,200 of the merchandise purchased on March 2. The cost of the merchandise returned was $68,200. On March 12, Blossom Company received the balance due from Sunland Company....
Sage Hill Inc. has been in business several years. At the end of the current year,...
Sage Hill Inc. has been in business several years. At the end of the current year, the unadjusted balances show: Accounts Receivable Sales Revenue Allowance for Doubtful Accounts $315,700 2,369.100 5.209 Bad debts are estimated to be 6% of receivables. Record adjustment to Allowance for Doubtful Accounts in a tabular summary. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses eg. (45).) Assets = Liabilities + Stockholders' Equity Allowance for Retained Earnings Accounts Receivable doubtful...
Splish Brothers Inc. has been in business several years. At the end of the current year,...
Splish Brothers Inc. has been in business several years. At the end of the current year, the unadjusted balances show: Accounts Receivable Sales Revenue Allowance for Doubtful Accounts $336,800 2,217,800 5,944 Bad debts are estimated to be 7% of receivables. Record adjustment to Allowance for Doubtful Accounts in a tabular summary. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets = Liabilities + Stockholders' Equity Retain Allowance for doubtful accounts Accounts...
Question 5 --/1.5 View Policies Current Attempt in Progress Oriole Company has been in business several...
Question 5 --/1.5 View Policies Current Attempt in Progress Oriole Company has been in business several years. At the end of the current year, the unadjusted balances show: Accounts Receivable Sales Revenue Allowance for Doubtful Accounts $300,000 2,321,700 5,355 Bad debts are estimated to be 8% of receivables. Record adjustment to Allowance for Doubtful Accounts in a tabular summary. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets = Liabilities +...
CALCULATOR PRINTER VERSION BACK NEXT Question 6 At the beginning of the current period, Sheffield Corp....
CALCULATOR PRINTER VERSION BACK NEXT Question 6 At the beginning of the current period, Sheffield Corp. had balances in Accounts Receivable of $187,800 and in Allowance for Doubtful Accounts of $9,630. During the period, it had net credit sales of $860,400 and collections of $687,720. It wrote off as uncollectible accounts receivable of $7,381. Uncollectible accounts are estimated to total $23,070 at the end of the period. (Omit recording cost of goods sold.) Enter the beginning balances for Accounts Receivable...
Use a tabular summary to record the following transactions for Marigold Corp. (Omit cost of goods sold entries.) (a) On July 1, Marigold Corp. sold merchandise on account to Stacey Inc. for $24,400. (b) On July 8, Stacey Inc. returned merchandise worth $2,200 to Marigold Corp.. (c) On July 11, Stacey Inc. paid for the merchandise. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Assets = Liabilities + Stockholders' Equity Retained Earnings...
Blue Spruce Corp. has been in business several years. At the end
of the current year, the unadjusted balances show:
Accounts Receivable
$318,500
Sales Revenue
2,049,800
Allowance for Doubtful Accounts
5,527
Bad debts are estimated to be 7% of receivables. Record adjustment
to Allowance for Doubtful Accounts in a tabular summary.
(Enter negative amounts using either a negative sign
preceding the number e.g. -45 or parentheses e.g.
(45).)
Blue Spruce Corp. has been in business several years. At the end...
Question 10 View Policies Current Attempt in Progress Use a tabular summary to record the following transactions for Cullumber Company using a perpetual inventory system. (a) On March 2, Cullumber Company sold $928,800 of merchandise to Oriole Company on account. The cost of the merchandise sold was $511,500. (b) On March 6, Oriole Company returned $108,400 of the merchandise purchased on March 2. The cost of the merchandise returned was $60,800. (c) On March 12, Cullumber Company received the balance...
X Your answer is incorrect Use a tabular summary to record the following transactions for Blossom Company using a perpetual inventory system. (a) On March 2, Blossom Company sold $853,600 of merchandise to Sunland Company on account. The cost of the merchandise sold was $540,300 (b) On March 6, Sunland Company returned $114,200 of the merchandise purchased on March 2. The cost of the merchandise returned was $68,200. On March 12, Blossom Company received the balance due from Sunland Company....
Sage Hill Inc. has been in business several years. At the end of the current year, the unadjusted balances show: Accounts Receivable Sales Revenue Allowance for Doubtful Accounts $315,700 2,369.100 5.209 Bad debts are estimated to be 6% of receivables. Record adjustment to Allowance for Doubtful Accounts in a tabular summary. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses eg. (45).) Assets = Liabilities + Stockholders' Equity Allowance for Retained Earnings Accounts Receivable doubtful...
Splish Brothers Inc. has been in business several years. At the end of the current year, the unadjusted balances show: Accounts Receivable Sales Revenue Allowance for Doubtful Accounts $336,800 2,217,800 5,944 Bad debts are estimated to be 7% of receivables. Record adjustment to Allowance for Doubtful Accounts in a tabular summary. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets = Liabilities + Stockholders' Equity Retain Allowance for doubtful accounts Accounts...
Question 5 --/1.5 View Policies Current Attempt in Progress Oriole Company has been in business several years. At the end of the current year, the unadjusted balances show: Accounts Receivable Sales Revenue Allowance for Doubtful Accounts $300,000 2,321,700 5,355 Bad debts are estimated to be 8% of receivables. Record adjustment to Allowance for Doubtful Accounts in a tabular summary. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets = Liabilities +...
CALCULATOR PRINTER VERSION BACK NEXT Question 6 At the beginning of the current period, Sheffield Corp. had balances in Accounts Receivable of $187,800 and in Allowance for Doubtful Accounts of $9,630. During the period, it had net credit sales of $860,400 and collections of $687,720. It wrote off as uncollectible accounts receivable of $7,381. Uncollectible accounts are estimated to total $23,070 at the end of the period. (Omit recording cost of goods sold.) Enter the beginning balances for Accounts Receivable...
Most questions answered within 3 hours.
-
What is facilitated diffusion and how does it differ from
symport and antiport transportation? How do...
asked 11 minutes ago -
if a firm producing 100 units at $5.00 each experience
an 80% experience curve, what will...
asked 48 minutes ago -
A solid, uniform disk of radius 0.250 m and mass 53.7 kg rolls
down a ramp...
asked 3 hours ago -
Given the following table of high speed internet access vs.
annual home income:
Home Income
%...
asked 3 hours ago -
A baseball batter hits a 0.145kg baseball straight up into the
air. The baseball leaves the...
asked 4 hours ago -
An FM modulator is tested using
single-tone baseband signal with frequency of 50kHz and a sprectrum...
asked 4 hours ago -
Write the ionic equations for the first stage of salts
hydrolysis.
Anion, Cation?
Na2S
NiSO4
K2SO4...
asked 6 hours ago -
suppose there is a normally distributed population with a mean of
250 and a standard deviation...
asked 6 hours ago -
Question Three
Suppose you as project manager are using the Waterfall
development methodology on a large...
asked 7 hours ago -
Which statement is not true about welfare in Canada?
A.Benefits typically vary based on one's ability...
asked 8 hours ago -
Please help me with FLOWCHART and UML diagram for class,
thank you!
#include <iostream>
#include <fstream>...
asked 8 hours ago -
3. Describe the “logic circuit” of the Lac operon. Which
proteins are bound or not to...
asked 9 hours ago