Homework Answers
| Account Title | debit | credit | |
| b. | Bad debt expense (8644+7600) | $ 16,244.00 | |
| Allowance for Doubtful accounts | $ 16,244.00 | ||
| (To adjust the allowance account ) |
Since it is specifically mentioned to answer b part only, the same have been answered.
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i just need the first adjusting entry (b) Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK RESOURCES 24 (...
CALCULATOR PRINTER VERSION BALK Problem B-1A Sarasota Corp. uses the allowance method of accounting for bad...
CALCULATOR PRINTER VERSION BALK Problem B-1A Sarasota Corp. uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable Calculate the total estimated bad debts on the below information Number of Days Outstanding Total 0-3031-60 61-90 91-120 Over 120 Accounts Receivable $388,000 $234,000 $82,000 $39,000 $21,000 $12,000 We uncollectible Estimated bad debts EHXSLF ACCOUNTS Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined...
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Help System Announcements NEXT PRINTER VERSION BACK CALCULATOR Exercise 8-4 The ledger of Swifty Corporation at...
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CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT At the beginning of the current...
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Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT RESOURCES mework Brief Exercise 3-3 During its...
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Problem 9-04A a-d (Video) Whispering Inc. uses the allowance method to estimate uncollectible accounts receivable. The...
Problem 9-04A a-d (Video)
Whispering Inc. uses the allowance method to estimate
uncollectible accounts receivable. The company produced the
following aging of the accounts receivable at year-end.
Calculate the total estimated bad debts based on the below
information.
Number of Days Outstanding
Total
0–30
31–60
61–90
91–120
Over 120
Accounts receivable
276,800
92,000
60,700
53,300
38,600
$32,200
% uncollectible
1%
4%
5%
8%
20%
Estimated Bad debts
$
$
$
$
$
$
SHOW LIST OF ACCOUNTS
LINK TO TEXT...
Pearl Industries uses the allowance method of accounting for bad debts. The company produced the following...
Pearl Industries uses the allowance method of accounting for bad
debts. The company produced the following aging of the accounts
receivable at year-end.
Calculate the total estimated bad debts based on the
information below.
Number of Days Outstanding
Total
0–30
31–60
61–90
91–120
Over 120
Accounts receivable
$409,000
$246,000
$84,000
$43,000
$23,000
$13,000
% uncollectible
1%
4%
5%
8%
11%
Estimated bad debts
$enter estimated bad debts in dollars
$enter estimated bad debts in dollars
$enter estimated bad debts in...
PRINTER VERSION BACK NEXT On December 31, 2017, when its accounts receivable were $282,000 and its...
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CALCLATOR FULL SCREEN PRINTER VERSION BACK N Problem 8-01A a-d Novak Corp. uses the allowance method...
CALCLATOR FULL SCREEN PRINTER VERSION BACK N Problem 8-01A a-d Novak Corp. uses the allowance method of accounting for bad debts. The company produced the fellowing aging of the accounts receivable at year-end Calculate the total estimated bad debts based on the information below. Nember of Days Outstanding 61-90 $39,000 Total $398,000 0-30 $237,000 31-60 $90,000 91-120 $19,000 Over 120 Accounts receivable $13,000 % uncollectible 1% 4% 5% 9% 11% Estimated bad debts SHOW LIST OF ACCOUNTS INK TO TEXT...
CALCULATOR SALE HY INSUR E R - NT RESOURCES work with Video Problem 8-4A Bramble Corp. uses the allowance method t...
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CALCULATOR PRINTER VERSION BALK Problem B-1A Sarasota Corp. uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable Calculate the total estimated bad debts on the below information Number of Days Outstanding Total 0-3031-60 61-90 91-120 Over 120 Accounts Receivable $388,000 $234,000 $82,000 $39,000 $21,000 $12,000 We uncollectible Estimated bad debts EHXSLF ACCOUNTS Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined...
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Help System Announcements NEXT PRINTER VERSION BACK CALCULATOR Exercise 8-4 The ledger of Swifty Corporation at the end of the current year shows Accounts Receivable $74,500; Credit Sales $786,220; and Sales Returns and Allowances $42,810. (a) If Swifty Corporation uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Swifty Corporation determines that Matisse's $922 balance is uncollectible. (b) If Allowance for Doubtful Accounts has a credit balance of $1,116 in the...
CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT At the beginning of the current period, Nash's Trading Post, LLC had balances in Accounts Receivable of $201.400 and in Allowance for Doubtful Accounts of $8,570 (credit). During the period, it had credit sales of $840,400 and collections of $758,910. It wrote off as uncollectible accounts receivable of $8.026. However, a $2,889 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are...
Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT RESOURCES mework Brief Exercise 3-3 During its first year of operations, Gavin Company had credit sales of $3,263,600; $637,800 remained uncollected at year-end. The credit manager estimates that $43.500 of these receivables will become uncollectible. Prepare the journal entry to record the estimated uncollectibles. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit 43,500 Bad Debts Expense Allowance for Doubtful...
Problem 9-04A a-d (Video)
Whispering Inc. uses the allowance method to estimate
uncollectible accounts receivable. The company produced the
following aging of the accounts receivable at year-end.
Calculate the total estimated bad debts based on the below
information.
Number of Days Outstanding
Total
0–30
31–60
61–90
91–120
Over 120
Accounts receivable
276,800
92,000
60,700
53,300
38,600
$32,200
% uncollectible
1%
4%
5%
8%
20%
Estimated Bad debts
$
$
$
$
$
$
SHOW LIST OF ACCOUNTS
LINK TO TEXT...
Pearl Industries uses the allowance method of accounting for bad
debts. The company produced the following aging of the accounts
receivable at year-end.
Calculate the total estimated bad debts based on the
information below.
Number of Days Outstanding
Total
0–30
31–60
61–90
91–120
Over 120
Accounts receivable
$409,000
$246,000
$84,000
$43,000
$23,000
$13,000
% uncollectible
1%
4%
5%
8%
11%
Estimated bad debts
$enter estimated bad debts in dollars
$enter estimated bad debts in dollars
$enter estimated bad debts in...
PRINTER VERSION BACK NEXT On December 31, 2017, when its accounts receivable were $282,000 and its account Allowance for Doubtful Accounts had an unadjusted debit balance of $1,900, Kennel Corp. estimated that $15,800 of its accounts receivable would become uncollectible, and it recorded the bad debts adjusting entry. On May 11, 2018, Kennel determined that Fei Ya Cheng's account was uncollectible and wrote off $1,800. On November 12, 2018, Cheng paid the amount previously written off. Prepare the required journal...
CALCLATOR FULL SCREEN PRINTER VERSION BACK N Problem 8-01A a-d Novak Corp. uses the allowance method of accounting for bad debts. The company produced the fellowing aging of the accounts receivable at year-end Calculate the total estimated bad debts based on the information below. Nember of Days Outstanding 61-90 $39,000 Total $398,000 0-30 $237,000 31-60 $90,000 91-120 $19,000 Over 120 Accounts receivable $13,000 % uncollectible 1% 4% 5% 9% 11% Estimated bad debts SHOW LIST OF ACCOUNTS INK TO TEXT...
CALCULATOR SALE HY INSUR E R - NT RESOURCES work with Video Problem 8-4A Bramble Corp. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year-end. ors sults by Study Calculate the total estimated bad debts based on the below information. Number of Days Outstanding Total 0-30 31-60 61-90 91-120 Accounts receivable 227,100 84,200 49,900 43,000 28,200 % uncollectible 2% 5% 6% 9% Estimated bad debts Over 120 $21,800...
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