Homework Answers
Calculation of Cash Collections during the period:-
= Beginning receivables + Credit Sales - Ending receivables
= $35,100 + $361,800 - $196,800
= $200,100
Please give a Thumbs up ?. Thanks!!
Add Answer to:
Indigo Corporation significantly reduced its requirements for credit sales. As a result, sales during the current...
Blossom Company significantly reduced its requirements for credit sales. As a result, sales during the current...
Blossom Company significantly reduced its requirements for credit sales. As a result, sales during the current year increased dramatically. It had receivables at the beginning of the year of $40,200 and ending receivables of $199.900. Credit sales were $415,500 Determine cash collections during the period, Cash Collections during the period $
Sheffield Corp. had a beginning balance in accounts receivable of $67,410 and an ending balance of $90,960. Credit sales...
Sheffield Corp. had a beginning balance in accounts receivable of $67,410 and an ending balance of $90,960. Credit sales during the period were $571,370. Determine cash collections.
Current Attempt in Progress Carla Vista Co. had a beginning balance in accounts receivable of $69,280...
Current Attempt in Progress Carla Vista Co. had a beginning balance in accounts receivable of $69,280 and an ending balance of $83,720. Credit sales during the period were $587,340. Determine cash collections. Cash collections $
Current Attempt in Progress At the beginning of the current period, Shamrock Corp. had balances in...
Current Attempt in Progress At the beginning of the current period, Shamrock Corp. had balances in Accounts Receivable of $187,800 and in Allowance for Doubtful Accounts of $9,630 (credit). 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. However, a $2,859 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $23,070 at the end...
please show the steps Show Attempt History Current Attempt in Progress At the beginning of the...
please show the steps
Show Attempt History Current Attempt in Progress At the beginning of the current period, Bramble Corp. had balances in Accounts Receivable of $196,800 and in Allowance for Doubtful Accounts of $9,510 (credit). During the period. It had net credit sales of $864,300 and collections of $687,610. It wrote off as uncollectible accounts receivable of $6,804. However, a $3,219 account previously written off as uncollectible was recovered before the end of the current period, Uncollectible accounts are...
Question 4 --/1 View Policies Current Attempt in Progress At the beginning of the current period,...
Question 4 --/1 View Policies Current Attempt in Progress At the beginning of the current period, Swifty Corporation had balances in Accounts Receivable of $195,100 and in Allowance for Doubtful Accounts of $9,350. During the period, it had net credit sales of $745,500 and collections of $835.120. It wrote off as uncollectible accounts receivable of $7,831. Uncollectible accounts are estimated to total $24,100 at the end of the period. (Omit recording cost of goods sold.) Enter the beginning balances for...
Exercise 8-03 At the beginning of the current period, Larkspur Corp. had balances in Accounts Receivable of S202,700 an...
Exercise 8-03 At the beginning of the current period, Larkspur Corp. had balances in Accounts Receivable of S202,700 and in Allowance for Doubtful Accounts of $9,200 (credit). During the period, it had net credit sales of 5744,100 and collections of $829,950. It wrote off as uncollectible accounts receivable of $7,798. However, a 52,979 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total 526,820 at the end of the...
Current Attempt in Progress Condensed financial data of Indigo Corporation follow Indigo Corporation Comparative Balance Sheets...
Current Attempt in Progress Condensed financial data of Indigo Corporation follow Indigo Corporation Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation 2022 2021 $ 113,120 $67760 122,920 53.200 157.500 143.990 39,760 36,400 193,200 152600 399,000 339.500 170,000) (72800) $955,500 5720.650 Total Liabilities and Stockholders'Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total 5142,800 594220 23.100 29.400 154,000 204.400 308,000 245.000 327,600 147630 5955,500 5720.650 5543,844 Indigo...
Current Attempt in Progress Condensed financial data of Indigo Corporation follow Indigo Corporation Comparative Balance Sheets...
Current Attempt in Progress Condensed financial data of Indigo Corporation follow Indigo Corporation Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation 2022 2021 $ 113,120 $67760 122,920 53.200 157.500 143.990 39,760 36,400 193,200 152600 399,000 339.500 170,000) (72800) $955,500 5720.650 Total Liabilities and Stockholders'Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total 5142,800 594220 23.100 29.400 154,000 204.400 308,000 245.000 327,600 147630 5955,500 5720.650 5543,844 Indigo...
At the beginning of the current period, Tamarisk Corp. had balances in Accounts Receivable of $202,700 and in Allowance...
At the beginning of the current period, Tamarisk Corp. had balances in Accounts Receivable of $202,700 and in Allowance for Doubtful Accounts of $9,820 (credit). During the period, it had net credit sales of $880,000 and collections of $706,410. It wrote off as uncollectible accounts receivab $7,172. However, a $3,100 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $25,010 at the end of the period. (Omit cost...
Blossom Company significantly reduced its requirements for credit sales. As a result, sales during the current year increased dramatically. It had receivables at the beginning of the year of $40,200 and ending receivables of $199.900. Credit sales were $415,500 Determine cash collections during the period, Cash Collections during the period $
Current Attempt in Progress Carla Vista Co. had a beginning balance in accounts receivable of $69,280 and an ending balance of $83,720. Credit sales during the period were $587,340. Determine cash collections. Cash collections $
Current Attempt in Progress At the beginning of the current period, Shamrock Corp. had balances in Accounts Receivable of $187,800 and in Allowance for Doubtful Accounts of $9,630 (credit). 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. However, a $2,859 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $23,070 at the end...
please show the steps
Show Attempt History Current Attempt in Progress At the beginning of the current period, Bramble Corp. had balances in Accounts Receivable of $196,800 and in Allowance for Doubtful Accounts of $9,510 (credit). During the period. It had net credit sales of $864,300 and collections of $687,610. It wrote off as uncollectible accounts receivable of $6,804. However, a $3,219 account previously written off as uncollectible was recovered before the end of the current period, Uncollectible accounts are...
Question 4 --/1 View Policies Current Attempt in Progress At the beginning of the current period, Swifty Corporation had balances in Accounts Receivable of $195,100 and in Allowance for Doubtful Accounts of $9,350. During the period, it had net credit sales of $745,500 and collections of $835.120. It wrote off as uncollectible accounts receivable of $7,831. Uncollectible accounts are estimated to total $24,100 at the end of the period. (Omit recording cost of goods sold.) Enter the beginning balances for...
Exercise 8-03 At the beginning of the current period, Larkspur Corp. had balances in Accounts Receivable of S202,700 and in Allowance for Doubtful Accounts of $9,200 (credit). During the period, it had net credit sales of 5744,100 and collections of $829,950. It wrote off as uncollectible accounts receivable of $7,798. However, a 52,979 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total 526,820 at the end of the...
Current Attempt in Progress Condensed financial data of Indigo Corporation follow Indigo Corporation Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation 2022 2021 $ 113,120 $67760 122,920 53.200 157.500 143.990 39,760 36,400 193,200 152600 399,000 339.500 170,000) (72800) $955,500 5720.650 Total Liabilities and Stockholders'Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total 5142,800 594220 23.100 29.400 154,000 204.400 308,000 245.000 327,600 147630 5955,500 5720.650 5543,844 Indigo...
Current Attempt in Progress Condensed financial data of Indigo Corporation follow Indigo Corporation Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation 2022 2021 $ 113,120 $67760 122,920 53.200 157.500 143.990 39,760 36,400 193,200 152600 399,000 339.500 170,000) (72800) $955,500 5720.650 Total Liabilities and Stockholders'Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total 5142,800 594220 23.100 29.400 154,000 204.400 308,000 245.000 327,600 147630 5955,500 5720.650 5543,844 Indigo...
At the beginning of the current period, Tamarisk Corp. had balances in Accounts Receivable of $202,700 and in Allowance for Doubtful Accounts of $9,820 (credit). During the period, it had net credit sales of $880,000 and collections of $706,410. It wrote off as uncollectible accounts receivab $7,172. However, a $3,100 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $25,010 at the end of the period. (Omit cost...
Most questions answered within 3 hours.
-
3) What are the typical social structures in a global city?
asked 30 minutes ago -
Luther Corporation
Consolidated Balance Sheet
December 31, 2019 and 2018 (in $ millions)
Assets
2019
2018...
asked 32 minutes ago -
(Expected rate of return and risk) Carter Inc. is evaluating a
security. Calculate the investment’s expected...
asked 3 hours ago -
What specific indicators can point to lack of progress for
African Americans in American society?
asked 4 hours ago -
1-The Electrons in a beam are moving at 2.7×108 m/s in an
electric field of 15000...
asked 4 hours ago -
A gas tank is a vertical cylinder. It has a radius of 1m, a
height of...
asked 4 hours ago -
Accent Software faces the following conditions. All of these
support Accent’s use of a market-penetration pricing...
asked 5 hours ago -
A mathematically inclined friend emails you the following
instructions: "Meet me in the cafeteria the first...
asked 5 hours ago -
A monopoly sells in two countries . The demand curves in the two
countries are p1...
asked 6 hours ago -
A .15kg rubber ball is bounced off a wall. Before hitting the
wall, the ball moves...
asked 7 hours ago -
A manufacturing company preparing to build a new plant is
considering three potential locations for it....
asked 7 hours ago -
B. If compound Y has approximately the same values of solubility
in toluene as compound X,...
asked 8 hours ago