Homework Answers
| a | Accounts Receivable | 860400 | ||
| Sales Revenue | 860400 | |||
| Cash | 687720 | |||
| Accounts Receivable | 687720 | |||
| b | Allowance for Doubtful Accounts | 7381 | ||
| Accounts Receivable | 7381 | |||
| c | Accounts Receivable | 2859 | ||
| Allowance for Doubtful Accounts | 2859 | |||
| Cash | 2859 | |||
| Accounts Receivable | 2859 | |||
| d | Bad Debts expense | 17962 | =23070-(9630-7381+2859) | |
| Allowance for Doubtful Accounts | 17962 | |||
| 2 | ||||
| Ending Balance in Accounts Receivable | 353099 | =187800+860400-687720-7381 | ||
| Ending balance in Allowance for Doubtful Accounts | 23070 | |||
| 3 | ||||
| Net realizable value of the Receivables at the end | 330029 | =353099-23070 |
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Current Attempt in Progress At the beginning of the current period, Shamrock Corp. had balances in...
At the beginning of the current period, Tamarisk Corp. had balances in Accounts Receivable of $202,700 and in Allowance...
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Exercise 8-3 At the beginning of the current period, Wildhorse Co. had balances in Accounts Receivable...
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