Homework Answers
| : Joural Entry | |||
| Date | Account Tittle | Debit | Credit |
| a. | Bad Debt Expense (10034305X 0.4%) | $40,137.22 | |
| Allowance for Doubtful Debt | $40,137.22 | ||
| b. | Bad Debt Expense( (2992770X2%)-10000) | $49,855.40 | |
| Allowance for Doubtful Debt | $49,855.40 | ||
Add Answer to:
Hitachi, Ltd., reports total revenues of ¥10,034,305 million for its current fiscal year, and its current...
Hitachi, Ltd., reports total revenues of 10,034,305 million for its current fiscal year, and its current...
Hitachi, Ltd., reports total revenues of 10,034,305 million for its current fiscal year, and its current fiscal year-end unadjusted trial balance reports a debit balance for trade receivables (gross) of 2,992,770 million a. Prepare the adjusting entry to record its bad debts expense assuming uncollectibles are estimated to be 0.4% of total revenues and its unadjusted trial balance reports a credit balance of 10,000 million for the allowance for doubtful accounts. b. Prepare the adjusting entry to record bad debts...
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Exercise 9-11...
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Exercise 9-11 Estimating bad debts P3 Cash sales.......................... $900,000 Credit sales ......................... $300,000 We were unable to transcribe this imageWe were unable to transcribe this image350 Chapter 9 Accounting for Receivables Its year-end unadjusted trial balance includes the following items. Allowance for doubtful accounts ..... $5,000 debt $125,000 debit Accounts receivable........... Check Dr Bad Debts Expense: (1) $9.000 1. Prepare the adjusting entry to record bad...
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales...
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 917,000 317,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $142,080 debit 6,780 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 4% of credit sales. (2) 2% of total sales and (3) 7% of year-end accounts receivable View transaction list Journal entry worksheet A B...
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales...
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales 900,000 зее, оее Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $125,000 debit 5,000 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimates total sales and (c) 6% of year-end accounts receivable. View transaction list Journal entry worksheet < 1 2 Record Bad Debts Expense assuming uncollectibles are estimated to...
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales...
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 912,000 312,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $137,000 debit 6,200 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 3% of credit sales, (2) 1% of total sales and (3) 6% of year-end accounts receivable. View transaction list Journal entry worksheet < ABC...
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales...
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 911,000 311,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $136,000 debit 6, 100 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 6% of credit sales, (2) 4% of total sales and (3) 9% of year end accounts receivable. View transaction list Journal entry worksheet...
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales...
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $909,000 Credit sales 309,000 Its year-end unadjusted trial balance includes the following items. $134,000 debit 5,900 debit Accounts receivable Allowance for doubtful accounts Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 4% of credit sales, (2) 2% of total sales and (3) 7% of year-end accounts receivable. View transaction list Journal entry worksheet A B C...
Help At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash...
Help At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 914,000 314,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $139,000 debit 6,400 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 5% of credit sales. (2) 3% of total sales and (3) 8% of year-end accounts receivable. View transaction list Journal entry worksheet Record...
Quiz 9-4 At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales 904,ee8...
Quiz 9-4
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales 904,ee8 304,eee Credit sales Its year-end unadjusted trlal balance Includes the following Items. Accounts receivable $129.000 debit Allowance for doubtful accounts 5,408 debit Prepare the adjusting entry to record bad debts expense assuming uncallectibles are estimated to be (a) 3% of credit sales, (b) 1% of total sales and (C) 6% of year-end accounts recelvable. View transaction list Journal entry worksheet 1...
Exercise 9-11 Estimating bad debts LO P3 At December 31, Folgeys Coffee Company reports the following...
Exercise 9-11 Estimating bad debts LO P3 At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 903,000 303,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $128.000 debit 5,300 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 6% of credit sales. (2) 4% of total sales and (3) 9% of year-end accounts receivable. View...
Hitachi, Ltd., reports total revenues of 10,034,305 million for its current fiscal year, and its current fiscal year-end unadjusted trial balance reports a debit balance for trade receivables (gross) of 2,992,770 million a. Prepare the adjusting entry to record its bad debts expense assuming uncollectibles are estimated to be 0.4% of total revenues and its unadjusted trial balance reports a credit balance of 10,000 million for the allowance for doubtful accounts. b. Prepare the adjusting entry to record bad debts...
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Exercise 9-11 Estimating bad debts P3 Cash sales.......................... $900,000 Credit sales ......................... $300,000 We were unable to transcribe this imageWe were unable to transcribe this image350 Chapter 9 Accounting for Receivables Its year-end unadjusted trial balance includes the following items. Allowance for doubtful accounts ..... $5,000 debt $125,000 debit Accounts receivable........... Check Dr Bad Debts Expense: (1) $9.000 1. Prepare the adjusting entry to record bad...
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 917,000 317,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $142,080 debit 6,780 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 4% of credit sales. (2) 2% of total sales and (3) 7% of year-end accounts receivable View transaction list Journal entry worksheet A B...
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales 900,000 зее, оее Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $125,000 debit 5,000 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimates total sales and (c) 6% of year-end accounts receivable. View transaction list Journal entry worksheet < 1 2 Record Bad Debts Expense assuming uncollectibles are estimated to...
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 912,000 312,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $137,000 debit 6,200 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 3% of credit sales, (2) 1% of total sales and (3) 6% of year-end accounts receivable. View transaction list Journal entry worksheet < ABC...
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 911,000 311,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $136,000 debit 6, 100 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 6% of credit sales, (2) 4% of total sales and (3) 9% of year end accounts receivable. View transaction list Journal entry worksheet...
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $909,000 Credit sales 309,000 Its year-end unadjusted trial balance includes the following items. $134,000 debit 5,900 debit Accounts receivable Allowance for doubtful accounts Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 4% of credit sales, (2) 2% of total sales and (3) 7% of year-end accounts receivable. View transaction list Journal entry worksheet A B C...
Help At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 914,000 314,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $139,000 debit 6,400 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 5% of credit sales. (2) 3% of total sales and (3) 8% of year-end accounts receivable. View transaction list Journal entry worksheet Record...
Quiz 9-4
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales 904,ee8 304,eee Credit sales Its year-end unadjusted trlal balance Includes the following Items. Accounts receivable $129.000 debit Allowance for doubtful accounts 5,408 debit Prepare the adjusting entry to record bad debts expense assuming uncallectibles are estimated to be (a) 3% of credit sales, (b) 1% of total sales and (C) 6% of year-end accounts recelvable. View transaction list Journal entry worksheet 1...
Exercise 9-11 Estimating bad debts LO P3 At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 903,000 303,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $128.000 debit 5,300 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 6% of credit sales. (2) 4% of total sales and (3) 9% of year-end accounts receivable. View...
Most questions answered within 3 hours.
-
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 12 minutes ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 18 minutes ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 22 minutes ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 1 hour ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 1 hour ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 1 hour ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 1 hour ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 1 hour ago -
Why are polymers not typically casted into products?
asked 2 hours ago -
When rolling a die 129 times, what is the probability of rolling
a 6 no more...
asked 2 hours ago -
4. A call option currently sells for $7.75. It has a strike
price of $85 and...
asked 2 hours ago -
1.
You need to prepare 10.0 liters of an acid aqueous solution with a
pH of...
asked 2 hours ago