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Score: 0 of 1 pt E8-21 (similar to) lo Duna Aug 2013 Hei Comacorded the folog - of 10 (588.000 2.500 or Const. 73.000 1 Jou r 2016, se direct we method 2 mesindus 101. He wanted • Recovery ofreceti predly when 100 e s accions during .000 on 13.00 for c Requirement l 3101.900 2016 H e re with rore Gotof Goods Sold Record d e credite S o on S er Choose from any lost o r any...
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E8-21 Journalizing transactions using the direct write-off method versus the Ar During August 2018, Lima Company recorded the following: allowance method Sales of $133,300 ($122,000 on account; $11,300 for cash). Ignore Cost of Goods Sold. Collections on account, $106,400 Write-offs of uncollectible receivables, $990. Recovery of receivable previously written off, $800. Requirements 1. Journalize Lima's transactions during August 2018, assuming Lima uses the direct write-off method. 2. Journalize Lima's transactions during August 2018, assuming Lima uses the allowance method.
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E9-19 (similar to) Question Help At January 1, 2018 White Top Flagpoles had Accounts Recelvable of $34,000, and Allowance lor Bad Debts had a credit balance of $3,000. Ouring the year, White Top Flagpoles recorded the following (Click the icon to view the transactions) Read he earements Requirement 1. Journasze whee's transactions occurred during 2018 me company uses me wance method iRecord detts first. then creats Select the e par abon on the ษst Breof near al entry table.) (a)...
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100, and Allowance for Bad Debts had a credit balance of $3,000. During the y company uses the allowance method. (Record debits first, then credits. Select th Soods Sold. (Prepare a single compound journal entry.) * More Info a. Sales of $180,000 ($156,000 on account; $24,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $133,000. c. Write-offs of uncollectible receivables, $2,500. Print Print Done Done en click Check Answer. Clear All ble of $30,000, and Allowance for...
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Requirement 1. Journalize Windy's transactions that occurred during 2018. The company uses the allowance method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) (a.) Sales of $178,000 ($162,000 on account: $16,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit 0 Requirements 2018 1. Journalize Windy's transactions that occurred during 2018. The company uses the allowance method. Post Windy's transactions to...
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Please help me for the rest of the question and tell me what’s
wrong the the requirement 4
Thankst
Score: 06of 1 pt Quetion Help & E8-19 (similar to) Al January 1, 2018, Purple Mountain Flagpoles had Accounts Recevable of $31,000, and Allowance for Bad Debks had a credit bakance of $3,000 During the year, Purpie Mountain Flagpoles recorded the following (Click the icon to view the transactions.) Read the requirements Requirement Z. Post Purpie's transachons to the Accounts Heccivable...
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During June 2019, Andy Company had the following transactions: 1. Sales of $185,000 ($142,000 on account, $43,000 for cash) 2. Collections on account, $128,000 3. Write-offs of uncollectible receivables, $1,900 4. Recovery of receivable previously written off, $600. Additional information: Ignore Cost of Goods Sold Andy uses the allowance method for uncollectibles. Andy estimates that 4.50% of its accounts receivable will be uncollectible On June 1, 2019, the Accounts Receivable balance was $25,000 and the Allowance for Bad Debts had...
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Gitter Watches completed the following selected transactions during 2018 and 2019 1 (Click the icon to view the transactions.) Read the requirements Dec. 31: Made the closing entry for bad debts expense. Date 2019 Dec. 31 (Clos.) Accounts and Explanation DebitCredit Now post the transactions to the two T-accounts (Enter OT on the normal side of the account for any zero balances ) Review the journal entries Allowance for Bad Debts Bad Debts Expense Choose from any lst or enter...
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Problem 2 (15 Points) During June 2019, Andy Company had the following transactions: 1. Sales of $185,000 (5142,000 on account, $43,000 for cash). 2 Collections on account. $128,000 3. Write-offs of uncollectible receivables, 51,900 4. Recovery of receivable previously written off, 5600 Additional information Ignore Cost of Goods Sold Andy uses the allowance method for uncollectible accounts Andy estimates that 4.50% of its Accounts Receivable will be uncollectible On June 1, 2019, the Accounts Receivable balance was $25,000 and the...
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-8-28A (book/static) Question Help On August 31, 2018, Bouquet Floral Supply had a $140,000 debit balance in Accounts Receivable and a $5,600 credit balance in Allowance for Bad Debts. During September, Bouquet made: • Sales on account, $550,000. Ignore Cost of Goods Sold. • Collections on account, $584,000. • Write-offs of uncollectible receivables, $4,000. Read the requirements Requirement 1. Journalize all September entries using the allowance method, Bad Debts Expense was estimated at 2% of credit sales. Show all September...
Score: 0 of 1 pt E8-21 (similar to) lo Duna Aug 2013 Hei Comacorded the folog - of 10 (588.000 2.500 or Const. 73.000 1 Jou r 2016, se direct we method 2 mesindus 101. He wanted • Recovery ofreceti predly when 100 e s accions during .000 on 13.00 for c Requirement l 3101.900 2016 H e re with rore Gotof Goods Sold Record d e credite S o on S er Choose from any lost o r any...
E8-21 Journalizing transactions using the direct write-off method versus the Ar During August 2018, Lima Company recorded the following: allowance method Sales of $133,300 ($122,000 on account; $11,300 for cash). Ignore Cost of Goods Sold. Collections on account, $106,400 Write-offs of uncollectible receivables, $990. Recovery of receivable previously written off, $800. Requirements 1. Journalize Lima's transactions during August 2018, assuming Lima uses the direct write-off method. 2. Journalize Lima's transactions during August 2018, assuming Lima uses the allowance method.
E9-19 (similar to) Question Help At January 1, 2018 White Top Flagpoles had Accounts Recelvable of $34,000, and Allowance lor Bad Debts had a credit balance of $3,000. Ouring the year, White Top Flagpoles recorded the following (Click the icon to view the transactions) Read he earements Requirement 1. Journasze whee's transactions occurred during 2018 me company uses me wance method iRecord detts first. then creats Select the e par abon on the ษst Breof near al entry table.) (a)...
100, and Allowance for Bad Debts had a credit balance of $3,000. During the y company uses the allowance method. (Record debits first, then credits. Select th Soods Sold. (Prepare a single compound journal entry.) * More Info a. Sales of $180,000 ($156,000 on account; $24,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $133,000. c. Write-offs of uncollectible receivables, $2,500. Print Print Done Done en click Check Answer. Clear All ble of $30,000, and Allowance for...
Requirement 1. Journalize Windy's transactions that occurred during 2018. The company uses the allowance method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) (a.) Sales of $178,000 ($162,000 on account: $16,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit 0 Requirements 2018 1. Journalize Windy's transactions that occurred during 2018. The company uses the allowance method. Post Windy's transactions to...
Please help me for the rest of the question and tell me what’s
wrong the the requirement 4
Thankst
Score: 06of 1 pt Quetion Help & E8-19 (similar to) Al January 1, 2018, Purple Mountain Flagpoles had Accounts Recevable of $31,000, and Allowance for Bad Debks had a credit bakance of $3,000 During the year, Purpie Mountain Flagpoles recorded the following (Click the icon to view the transactions.) Read the requirements Requirement Z. Post Purpie's transachons to the Accounts Heccivable...
During June 2019, Andy Company had the following transactions: 1. Sales of $185,000 ($142,000 on account, $43,000 for cash) 2. Collections on account, $128,000 3. Write-offs of uncollectible receivables, $1,900 4. Recovery of receivable previously written off, $600. Additional information: Ignore Cost of Goods Sold Andy uses the allowance method for uncollectibles. Andy estimates that 4.50% of its accounts receivable will be uncollectible On June 1, 2019, the Accounts Receivable balance was $25,000 and the Allowance for Bad Debts had...
Gitter Watches completed the following selected transactions during 2018 and 2019 1 (Click the icon to view the transactions.) Read the requirements Dec. 31: Made the closing entry for bad debts expense. Date 2019 Dec. 31 (Clos.) Accounts and Explanation DebitCredit Now post the transactions to the two T-accounts (Enter OT on the normal side of the account for any zero balances ) Review the journal entries Allowance for Bad Debts Bad Debts Expense Choose from any lst or enter...
Problem 2 (15 Points) During June 2019, Andy Company had the following transactions: 1. Sales of $185,000 (5142,000 on account, $43,000 for cash). 2 Collections on account. $128,000 3. Write-offs of uncollectible receivables, 51,900 4. Recovery of receivable previously written off, 5600 Additional information Ignore Cost of Goods Sold Andy uses the allowance method for uncollectible accounts Andy estimates that 4.50% of its Accounts Receivable will be uncollectible On June 1, 2019, the Accounts Receivable balance was $25,000 and the...
-8-28A (book/static) Question Help On August 31, 2018, Bouquet Floral Supply had a $140,000 debit balance in Accounts Receivable and a $5,600 credit balance in Allowance for Bad Debts. During September, Bouquet made: • Sales on account, $550,000. Ignore Cost of Goods Sold. • Collections on account, $584,000. • Write-offs of uncollectible receivables, $4,000. Read the requirements Requirement 1. Journalize all September entries using the allowance method, Bad Debts Expense was estimated at 2% of credit sales. Show all September...