The accounts receivable clerk for waddell industries prepared the following partially completed aging of receivables schedule as of the end of business on august 31: 1 a b c d e f g 2 days past due days past due days past due days past due 3 customer balance not past due 1-30 31-60 61-90 over 90 4 acme industries inc. 3,000.00 3,000.00 5 alliance company 4,500.00 4,500.00 67 zollinger company 5,000.00 5,000.00 8 subtotals 1,050,000.00 600,000.00 220,000.00 115,000.00 85,000.00 30,000.00 the following accounts were unintentionally omitted from the aging schedule and not included in the preceding subtotals: customer balance due date builders industries $44,500 may 1 elkhorn company 21,000 june 20 granite creek inc. 7,500 july 13 lockwood company 14,000 september 9 teton company 13,000 august 7 required: a. determine the number of days past due for each of the preceding accounts as of august 31. if an account is not past due, enter a zero. b. complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals. if an amount box does not require an entry, leave it blank.

The proliferation of bittorrent and other file sharing media have threatened the copyright system. based on an understanding of incentives and opportunity cost, how are the decisions of musicians likely impacted?

Ryan terlecki organized a new internet company, capuniverse, inc. the company specializes in baseball-type caps with logos printed on them. ryan, who is never without a cap, believes that his target market is college and high school students. you have been hired to record the transactions occurring in the first two weeks of operations. issued 2,900 shares of $0.01 par value common stock to investors for cash at $29 per share. borrowed $68,000 from the bank to provide additional funding to begin operations; the note is due in two years. paid $1,000 for the current month's rent of a warehouse and another $1,000 for next month's rent. paid $1,440 for a one-year fire insurance policy on the warehouse (recorded as a prepaid expense). purchased furniture and fixtures for the warehouse for $16,000, paying $3,200 cash and the rest on account. the amount is due within 30 days. purchased for $2,800 cash the university of pennsylvania, notre dame, the university of texas at austin, and michigan state university baseball caps as inventory to sell online. placed advertisements on google for a total of $340 cash. sold caps totaling $1,900, half of which was charged on account. the cost of the caps sold was $1,100. (hint: make two entries.) made full payment for the furniture and fixtures purchased on account in (e). received $280 from a customer on account.

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?