X company. started in 2018 with a position on accounts receivable in debit 11,000 euro. During...
X company. started in 2018 with a position on accounts receivable in debit 11,000 euro. During the year, the company received income in the amount of 22,000 euro, which was a total expense. Accounts receivable at year-end totaled 13,000 euro in debit.
Based on the above information, how much is X company of accounts receivable in 2018?
Choices: (1 correct)
Euro 9,000
Euro 22,000
Euro 20,000
Euro 13,000
Homework Answers
Add Answer to:
X company. started in 2018 with a position on accounts
receivable in debit 11,000 euro. During...
Peterson Dental Group started 2018 with Accounts receivable of $125,000 and a credit balance of $9,000...
Peterson Dental Group started 2018 with Accounts receivable of $125,000 and a credit balance of $9,000 in Allowance for uncollectible accounts. The following information relates to Peterson Dental's 2018 operations: (Click the icon to view the information.) Journalize Peterson's 2018 transactions based on the information provided. Prepare a T-account for the Allowance for uncollectible accounts to show your computation of Bad debt expense for the year. b. Cash 310,000 Accounts receivable 310,000 c. Write-offs of uncollectibles, $14.000. Journal Entry Accounts...
Warren Company began the accounting period with a $44,000 debit balance in its accounts receivable account....
Warren Company began the accounting period with a $44,000 debit balance in its accounts receivable account. During the accounting period, the company recorded revenue on account amounting to $100.000 The accounts receivable account at the end of the accounting period contained a $22,000 debit balance. Based on this information, what is the amount of cash collected from customers during the period? Multiple Choice $34.000
Patterson Co. had a debit balance of $1,000 in its Allowance for Doubtful Accounts account on...
Patterson Co. had a debit balance of $1,000 in its Allowance for Doubtful Accounts account on December 31,2015. Their net sales for the year totaled $700,000 and they had $100,000 in their Accounts Receivable account. If they estimate their Bad Debt for the year to be 10% of Accounts Receivable, their year end adjusting entry for Bad Debts would be: A. Debit Bad Debt Expense and credit Allowance for Doubtful Accounts for $9,000. B. Debit Bad Debt Expense and credit...
Beginning of vear End of vear 14,000 Accounts receivable Inventories Prepaid insurance Prepaid rent Accounts payable...
Beginning of vear End of vear 14,000 Accounts receivable Inventories Prepaid insurance Prepaid rent Accounts payable Wages payable Unearned rent revenue $10,000 21,000 1,000 2.000 11,000 14,000 9,000 19,000 2,000 1.000 12,000 13,000 7,000 The income statement for the year contains the following: Rent revenue Sales revenue Cost of goods sold Insurance expenSe Rent expense Wages expense 21,000 130.000 80,000 13.000 10,000 35,000 Use the information above to answer the following question. What is the amount of cash paid for...
The following information relates to a company’s accounts receivable: gross accounts receivable balance at the beginning...
The following information relates to a company’s accounts receivable: gross accounts receivable balance at the beginning of the year, $310,000; allowance for uncollectible accounts at the beginning of the year, $20,000 (credit balance); credit sales during the year, $1,000,000; accounts receivable written off during the year, $11,000; cash collections from customers, $900,000. Assuming the company estimates bad debts at an amount equal to 2% of credit sales. 1. Calculate bad debt expense for the year. 2. Calculate the year-end balance...
Trial Balance March 31, 2018 Balance Debit Credit Account Title Cash Accounts receivable Supplies 3,500 13,000...
Trial Balance March 31, 2018 Balance Debit Credit Account Title Cash Accounts receivable Supplies 3,500 13,000 1,500 47,000 23,000 Land Equipment Accounts payable Note payable Common stock Retained earnings Service revenue Salary expense Rent expense 16,000 20,000 13,000 14,000 62,500 28,000 8,500 1,000 Utilities expense Total 125,500 $ 125,500 Print Done 3. Select the labels and compute the net income or net loss during March. (Use parentheses or a minus sign when enterin Total revenues Total expenses Net income (net...
The following information is available for Buckeye Company: January 1, 2018 $25,000 December 31, 2018 $30,000...
The following information is available for Buckeye Company: January 1, 2018 $25,000 December 31, 2018 $30,000 Cash Land 40,000 29,000 42,000 45,000 58,000 7,000 Notes payable Retained earnings 33,000 4,000 8,000 16,000 20,000 11,000 40,000 18,000 Accumulated depreciation Supplies Accounts payable Equipment 10,000 17,000 26,000 Accounts receivable Common stock 40,000 Inventory 42,000 During 2018, Buckeye Company reported sales revenue of $98,000, salaries expense of $22,000, rent expense of $17,000, and cost of goods sold. Buckeye Company paid $9,000 of dividends...
The following information is available for Buckeye Company: January 1, 2018 $25,000 December 31, 2018 ETT...
The following information is available for Buckeye Company: January 1, 2018 $25,000 December 31, 2018 ETT Cash $30,000 42,000 Land 40,000 Notes payable Retained earnings Accumulated depreciation Supplies Accounts payable Equipment 29,000 45,000 33,000 58,000 4,000 7,000 10,000 17,000 8,000 16,000 20,000 11,000 Accounts receivable 26,000 40,000 42,000 Common stock 40,000 Inventory 18,000 During 2018, Buckeye Company reported sales revenue of $98,000, salaries expense of $22,000, rent expense of $17,000, and cost of goods sold. Buckeye Company paid $9,000 of...
. A company's allowance for doubtful accounts is $11,000 on 1/1/2018 and $16,000 on 1/1/2019. During...
. A company's allowance for doubtful accounts is $11,000 on 1/1/2018 and $16,000 on 1/1/2019. During 2018, bad debts expenses were estimated to be 3% on net credit sales of$250,000. During 2018, what was the amount of accounts receivable written off as uncollectible? (use T accounts and circle your answer) Accounts Receivable Allowance for D. A. Bad Debt Expense At 1/1/18 Nelson Corp. reported a balance in Accounts Receivable of $350,000 and a credit balance in the Allowance for Doubtful...
3. (8 points) The balance sheet of Starsky Company at December 31, 2018, includes the following Accounts receivable...
3. (8 points) The balance sheet of Starsky Company at December 31, 2018, includes the following Accounts receivable Less: Allowance for doubtful accounts 500,000 (40,000) $460,000 Transactions in 2019 include the following. 1. Sales on credit for the year were $1,000,000. (all service revenue) 2. Accounts receivable of $850,000 were collected. 3. Customer accounts of $34,000 were written off during the year. 4. At year-end, bad debts were estimated to be 5% of the ending A/R balance (based on the...
Peterson Dental Group started 2018 with Accounts receivable of $125,000 and a credit balance of $9,000 in Allowance for uncollectible accounts. The following information relates to Peterson Dental's 2018 operations: (Click the icon to view the information.) Journalize Peterson's 2018 transactions based on the information provided. Prepare a T-account for the Allowance for uncollectible accounts to show your computation of Bad debt expense for the year. b. Cash 310,000 Accounts receivable 310,000 c. Write-offs of uncollectibles, $14.000. Journal Entry Accounts...
Warren Company began the accounting period with a $44,000 debit balance in its accounts receivable account. During the accounting period, the company recorded revenue on account amounting to $100.000 The accounts receivable account at the end of the accounting period contained a $22,000 debit balance. Based on this information, what is the amount of cash collected from customers during the period? Multiple Choice $34.000
Beginning of vear End of vear 14,000 Accounts receivable Inventories Prepaid insurance Prepaid rent Accounts payable Wages payable Unearned rent revenue $10,000 21,000 1,000 2.000 11,000 14,000 9,000 19,000 2,000 1.000 12,000 13,000 7,000 The income statement for the year contains the following: Rent revenue Sales revenue Cost of goods sold Insurance expenSe Rent expense Wages expense 21,000 130.000 80,000 13.000 10,000 35,000 Use the information above to answer the following question. What is the amount of cash paid for...
Trial Balance March 31, 2018 Balance Debit Credit Account Title Cash Accounts receivable Supplies 3,500 13,000 1,500 47,000 23,000 Land Equipment Accounts payable Note payable Common stock Retained earnings Service revenue Salary expense Rent expense 16,000 20,000 13,000 14,000 62,500 28,000 8,500 1,000 Utilities expense Total 125,500 $ 125,500 Print Done 3. Select the labels and compute the net income or net loss during March. (Use parentheses or a minus sign when enterin Total revenues Total expenses Net income (net...
The following information is available for Buckeye Company: January 1, 2018 $25,000 December 31, 2018 $30,000 Cash Land 40,000 29,000 42,000 45,000 58,000 7,000 Notes payable Retained earnings 33,000 4,000 8,000 16,000 20,000 11,000 40,000 18,000 Accumulated depreciation Supplies Accounts payable Equipment 10,000 17,000 26,000 Accounts receivable Common stock 40,000 Inventory 42,000 During 2018, Buckeye Company reported sales revenue of $98,000, salaries expense of $22,000, rent expense of $17,000, and cost of goods sold. Buckeye Company paid $9,000 of dividends...
The following information is available for Buckeye Company: January 1, 2018 $25,000 December 31, 2018 ETT Cash $30,000 42,000 Land 40,000 Notes payable Retained earnings Accumulated depreciation Supplies Accounts payable Equipment 29,000 45,000 33,000 58,000 4,000 7,000 10,000 17,000 8,000 16,000 20,000 11,000 Accounts receivable 26,000 40,000 42,000 Common stock 40,000 Inventory 18,000 During 2018, Buckeye Company reported sales revenue of $98,000, salaries expense of $22,000, rent expense of $17,000, and cost of goods sold. Buckeye Company paid $9,000 of...
. A company's allowance for doubtful accounts is $11,000 on 1/1/2018 and $16,000 on 1/1/2019. During 2018, bad debts expenses were estimated to be 3% on net credit sales of$250,000. During 2018, what was the amount of accounts receivable written off as uncollectible? (use T accounts and circle your answer) Accounts Receivable Allowance for D. A. Bad Debt Expense At 1/1/18 Nelson Corp. reported a balance in Accounts Receivable of $350,000 and a credit balance in the Allowance for Doubtful...
3. (8 points) The balance sheet of Starsky Company at December 31, 2018, includes the following Accounts receivable Less: Allowance for doubtful accounts 500,000 (40,000) $460,000 Transactions in 2019 include the following. 1. Sales on credit for the year were $1,000,000. (all service revenue) 2. Accounts receivable of $850,000 were collected. 3. Customer accounts of $34,000 were written off during the year. 4. At year-end, bad debts were estimated to be 5% of the ending A/R balance (based on the...
Most questions answered within 3 hours.
-
Effect of DCMU and sodium azide on Chlamydomonas? We did an
experiment where we had Chlamydomonas...
asked 17 minutes ago -
1a) According to the ideal gas law, _______________.
a. a gas has infinite volume at absolute...
asked 1 hour ago -
Oakdale Fashions, Inc. had $245,000 in 2018 taxable income.
Using the tax schedule in Table 2.3...
asked 2 hours ago -
The marketing class at CSUS had an average score of 150. An
educational analyst determined that...
asked 3 hours ago -
Justin Case has purchased a $250 000 home by putting 20 % down
and taking out...
asked 3 hours ago -
1. In a labor market, marginal cost for a firm is
____________.
a. recruiting cost
b....
asked 4 hours ago -
On January 1, 2019, ABC Company issued $60,000,000 of 20-year,
10.5% bonds when the market rate...
asked 4 hours ago -
39.4% of US homes continue to use a landline in addition to cell
phone service. 3...
asked 5 hours ago -
Starting with benzene, synthesize 1-phenyl-1-butyne.
Show intermediates and reagents.
asked 6 hours ago -
Create a 32-run crossed array design with six control factors
and two noise factors such that...
asked 7 hours ago -
A 500g sample of sand from source A has the following amounts
retained on each sieve....
asked 7 hours ago -
In
your own words, please explain the essay by John Keynes wrote "The
End of Laissez...
asked 7 hours ago