I have this excel spreadsheet home work I'm not quite sure how to do it
I have this excel spreadsheet home work I'm not quite sure how to do it rontr...
I need help with this excel spreadsheet
roRTOTORECETVoce H 4 Record the following notes receivable transactions 5 6 Wyoming Company received a 90-day, 11 % note for $36,000, dated July 1, from C. Buss Co on account 7 Compute the maturity date of the note. 8 a Term of Note 10 11 12 13 Compute the maturity value of the note (use a 360-day year). 14 D Compute the Interest on the note 1) 15 16 Add the interest and...
I need help with my excel spreadsheet
that is all that is on the spreadsheet
X for Use the following information to prepare a bank reconciliation for Handy Comp F G H om BANK RECONCILIATION & JOURNAL ENTRIES 1) Use the following information to prepare a bank reconciliation for Handy Company for August 31, 201 62) Once you complete the bank reconciliation, prepare any necessary journal entries. a) Balance per bank at August 31 is $10,279.43. b) Balance per book...
I need help with where to start with this
D ACCOUNTING FOR UNCOLLECTIBLE ACCOUNTS н . Present entries in general journal form, to record the following for an enterprise that makes advance provisions for uncollectible receivables. Record the adjusting entry at April 30th, 2019 the end of the fiscal year, to provide for bad debt expense. The accounts receivable account has a debit balance of $540,000 and the allowance account, before adjustment has a credit balance of $2,000. The allowance...
x f A patent was acquired for $600,000 on March 1st and expires in 10 years. It is expected to have val D AMORTIZATION/ DEPLETION JOURNAL ENTRIES A patent was acquired for $600,000 on March 1st and expires in 10 years. It is expected to have value for 7 years. Present the adjusting entry to amortize the patent for the first year assuming a calendar year. Round your answer to the nearest dollar An oil field was discovered and it...
i need help with questions 6-14
Accounts Receivable, Notes Receivable Beginning Balance in Accounts Receivable: $15,000 Beginning Balance in Allowance for Uncollectible Accounts is a debit of $120 You will need to prepare a t-account for accounts receivable and allowance for uncollectible (doubtful) accounts. Use a 360-day year to calculate interest. 1. Adjust the allowance for uncollectible accounts assuming that 10% of the balance accounts receivable will be written off in the coming year. 2. Derrick sends a note via...
Accounts Receivable, Notes Receivable Beginning Balance in Accounts Receivable: $15,000 Beginning Balance in Allowance for Uncollectible Accounts is a debit of $120 You will need to prepare a t-account for accounts receivable and allowance for uncollectible (doubtful) accounts. Use a 360-day year to calculate interest. 1. Adjust the allowance for uncollectible accounts assuming that 10% of the balance accounts receivable will be written off in the coming year. 2. Derrick sends a note via carrier pigeon stating he will not...
I dont know how to do part C and im not sure if part b is
correct
Business Course * Return to course Closing Entries The adjusted trial balance shown below is for Batton, Inc., at December 31: BATTON, INC. Adjusted Trial Balance December 31 Debit Credit Cash $4,000 Accounts Receivable 8,000 Prepaid Insurance 3,600 Equipment 75,000 Accum. Depreciation - Equipment $12,500 Accounts Payable 600 Common Stock 30,000 Retained Earnings 14,100 Cash Dividends 7.000 Service Fees Earned 101,200 Miscellaneous Income...
9 Main Menu S4-11 (book/static) Assignments The Cash account of Reese Corporation had a balance of $3.540 at October 31, 2018. Included were outstanding checks totaling $1,800 and an October 31 deposit of $300 that did not appear on the bank statement. The bank statement, which came from Turnstone State Bank, listed an October 31 balance of $5,570. Included in the bank balance was an October 30 collection of $600 on account from a customer who pays the bank directly....
A 1 1 H K 2 CHANGE FUND & PETTY CASH JOURNAL ENTRIES 4 a Established a petty cash fund of $400 Replenished the petty cash fund based on the following disbursements as indicated by a summary of the petty cash receipts office supplies b. expense, $24.50, miscellaneous administrative expense, $33.75, miscellaneous selling expense, $ 31.60 5 6 C. Increased the petty cash fund by $100 to a balance of $500. 7 8 10 JOURNAL ENTRIES Accounts DR CR 11...
I want to make sure that all of the work I have thus far is
correct. And I need the answers to the analysis
On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account balances: Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Accounts Payable Notes Payable (9%, due in 3 years) Common Stock Retained Earnings Totals Debit Credit $ 23,900 41,500 $ 5,100 40,000 76,600 27,400 40,000 66,000 43,500 $182,000 $182,000 The...