Brandywine homecare, a not-for-profit business, had revenues of $12 million in 2015. expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was $1.5 million. all revenues were collected in cash during the year, and all expenses other than depreciation were paid in cash. a. construct brandywine’s 2015 income statement.

The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.

On december 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: accounts receivable, debit balance of $97,900; allowance for doubtful accounts, credit balance of $1,031. what amount should be debited to bad debts expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible?

You need $87,000 in 12 years. required: if you can earn .54 percent per month, how much will you have to deposit today?