Homework Answers
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Cash collections = Beginning accounts receivable + credit sales - Ending accounts receivable = 69,280 + 587,370 - 83,720 = 572,900 |
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Current Attempt in Progress Carla Vista Co. had a beginning balance in accounts receivable of $69,280...
Current Attempt in Progress Prepare a trial balance from the ledger accounts of Carla Vista Co....
Current Attempt in Progress Prepare a trial balance from the ledger accounts of Carla Vista Co. as of January 31, 2022. Accounts Payable Accounts Receivable Cash Common Stock Dividends $1,300 3,300 2,300 3,150 1,450 Rent Expense Service Revenue Supplies Salaries and Wages Expense $700 5,500 200 2,000 Debit Credit Accounts Payable $ $ 1300 Accounts Receivable 3300 Cash 2300 ownd I
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...
View Policies Current Attempt in Progress These financial statement items are for Carla Vista Co. at...
View Policies Current Attempt in Progress These financial statement items are for Carla Vista Co. at year-end, July 31, 2022 Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $3,800 59,200 16,900 17,860 3,600 67,800 9,800 3,000 16,000 34,140 11,000 7,400 4,000 4,000 35,700 Prepare an income statement for the year....
Novak Corp. had a beginning balance in accounts receivable of $69,770 and an ending balance of...
Novak Corp. had a beginning balance in accounts receivable of $69,770 and an ending balance of $82,510. Credit sales during the period were $623,320. Determine cash collections. Cash collections $
Question 7 View Policies Current Attempt in Progress The adjusted trial balance for Carla Vista Co....
Question 7 View Policies Current Attempt in Progress The adjusted trial balance for Carla Vista Co. is given below: CARLA VISTA CO. Trial Balance August 31, 2022 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,460 $10,460 Accounts Receivable 9,120 9.630 Supplies 1.960 2,990 4.200 Prepaid Insurance 2.750 Equipment 15,800 15,800 Accumulated Depreciation Equipment $4.755 $3.555 5.420 Accounts Payable 5.420 Salaries and Wages Payable 0 1,390 Unearned Rent Revenue 2.140 1.380 Common Stock 17,500 17.500 Retained Earnings 5,380 5,380...
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.
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...
Exercise 8-3 At the beginning of the current period, Wildhorse Co. had balances in Accounts Receivable...
Exercise 8-3 At the beginning of the current period, Wildhorse Co. had balances in Accounts Receivable of $190,400 and in Allowance for Doubtful Accounts of $9,040 (credit). During the period, it had net credit sales of $839,100 and collections of $760,090. It wrote off as uncollectible accounts receivable of $6,576. However, a $3,350 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $26,900 at the end of the...
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...
At the beginning of the current period, Kingbird Corp. had balances in Accounts Receivable of $192,800...
At the beginning of the current period, Kingbird Corp. had balances in Accounts Receivable of $192,800 and in Allowance for Doubtful Accounts of $8,520 (credit). During the period, it had net credit sales of $722,500 and collections of $708,940. It wrote off as uncollectible accounts receivable of $7,972. However, a $3,275 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $22,740 at the end of the period. (Omit...
Current Attempt in Progress Prepare a trial balance from the ledger accounts of Carla Vista Co. as of January 31, 2022. Accounts Payable Accounts Receivable Cash Common Stock Dividends $1,300 3,300 2,300 3,150 1,450 Rent Expense Service Revenue Supplies Salaries and Wages Expense $700 5,500 200 2,000 Debit Credit Accounts Payable $ $ 1300 Accounts Receivable 3300 Cash 2300 ownd I
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...
View Policies Current Attempt in Progress These financial statement items are for Carla Vista Co. at year-end, July 31, 2022 Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $3,800 59,200 16,900 17,860 3,600 67,800 9,800 3,000 16,000 34,140 11,000 7,400 4,000 4,000 35,700 Prepare an income statement for the year....
Novak Corp. had a beginning balance in accounts receivable of $69,770 and an ending balance of $82,510. Credit sales during the period were $623,320. Determine cash collections. Cash collections $
Question 7 View Policies Current Attempt in Progress The adjusted trial balance for Carla Vista Co. is given below: CARLA VISTA CO. Trial Balance August 31, 2022 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,460 $10,460 Accounts Receivable 9,120 9.630 Supplies 1.960 2,990 4.200 Prepaid Insurance 2.750 Equipment 15,800 15,800 Accumulated Depreciation Equipment $4.755 $3.555 5.420 Accounts Payable 5.420 Salaries and Wages Payable 0 1,390 Unearned Rent Revenue 2.140 1.380 Common Stock 17,500 17.500 Retained Earnings 5,380 5,380...
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...
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