Business, 17.12.2019 03:31 harleyloveless2853
At december 31, 2018, martinez corp. imports reported this information on its balance sheet: accounts receivable $628,200 less: allowance for doubtful accounts 37,300 during 2019, the company had the following transactions related to receivables:
(1) sales on account $2,936,400
(2) sales returns and allowances 94,480
(3) collections of accounts receivable 2,528,500
(4) write-offs of accounts receivable deemed uncollectible 41,620
(5) recovery of bad debts previously written off as uncollectible 16,440
(a) prepare the journal entries for each of these five transactions.
(b) prepare the journal entry to record bad debt expense for 2019, assuming that estimated bad debts are 6% of total accounts receivable.
Answers: 1
Business, 22.06.2019 01:40
Kis the insured and p is the sole beneficiary on a life insurance policy. both are involved in a fatal accident where k dies before p. under the common disaster provision, which of these statements is true?
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Business, 22.06.2019 03:30
Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000. ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account. iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620. iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account. v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books. required: 1. prepare the journal entries to correct the errors. (narrations required) 14.5 marks 2. prepare the suspense account showing clearly the original trial balance error. 8 marks
Answers: 2
Business, 22.06.2019 11:40
Select the correct answer. which is a benefit of planning for your future career? a.being less prepared after high school. b.having higher tuition in college. c.earning college credits in high school. d.ruining your chances of having a successful career.
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Business, 22.06.2019 19:20
Advertisers are usually very conscious of their audience. choose an issue of a popular magazine such as time, sports illustrated, vanity fair, rolling stone, or the like. from that issue select three advertisements to analyze. try to determine the audience being appealed to in each advertisement and analyze the appeals used to persuade buyers. how might the appeals differ is the ads were designed to persuade a different audience.
Answers: 2
At december 31, 2018, martinez corp. imports reported this information on its balance sheet: accoun...
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