Examine the following transaction: Dr. Accounts Receivable 1,000 Cr. Allowance for Doubtful Accounts 1,000 Dr. Cash 1,000 Cr. Accounts Receivable 1,000 What would be an appropriate journal entry description for this transaction? Based on the following transactions, prepare the necessary journal entries. 8 points: a. During the first year of its business, Cougar Corp. sold services totaling $600,000 were sold on credit. b. During the first year, Cougar Corp. collected $410,000 in cash for the credit sales made during the year. c. During the first year, Cougar Corp. properly wrote off $6,000 of its accounts receivable as they were deemed uncollectible. d. Assume that Cougar Corp. estimates bad debts using the percent-of-receivables method. Cougar Corp. did analysis and has estimated that 12% of their accounts receivable are uncollectible. Note: In order to complete this entry, you have to consider the facts from a., b., and c.

Abond is issued for less than its face value. which statement most likely would explain why? a. the bond's contract rate is higher than the market rate at the time of the issue. b. the bond's contract rate is the same as the market rate at the time of the issue. c. the bond's contract rate is lower than the market rate at the time of the issue. d. the bond isn't secured by specific assets of the corporation.

The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e.g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $

What has caroline's payment history been like? support your answer with two examples