Reference no: EM132606490
Question - Hogan Industries uses an estimate of 6% of outstanding receivables for the purposes of providing for uncollectible accounts. The following information pertains to the allowance for doubtful accounts for 2011:
Beginning balance, Jan. 1/11 $20,000
Total debits during the year 8,000
Ending balance, after providing for uncollectible accounts $22,000
Required: (Use T account to assist with answers)
1. Calculate the bad debt expense for 2011.
2. Calculate the accounts receivable balance on Dec. 31/10.
3. Calculate the total amount of accounts receivable written off in 2011.
4. Calculate the accounts receivable balance on Dec. 31/11.
|
Determine the cost of inventory destroyed by fire
: Inventory at Jan. 1/05 $150,000 and Purchases from Jan. 1 to Jan.13 $50,000. Determine the cost of inventory destroyed by fire
|
|
What annual interest rate did receive
: Interest was compounded monthly. At the end of the 10 ?years, the annuity was worth ?$52,617. What annual interest rate did she? receive?
|
|
Extent of relative inequality in developing countries
: What is the extent of relative inequality in developing countries, and how is this related to the extent of absolute poverty?
|
|
Vygotsky sociocultural theory
: I need Vygotsky sociocultural theory and second is Erikson theory. Discuss the below question accordingly these two theories.
|
|
Calculate the accounts receivable balance on Dec
: Ending balance, after providing for uncollectible accounts $22,000. Calculate the accounts receivable balance on Dec. 31/11
|
|
Short-term objectives in planning public health programs
: Consider the importance of long- and short-term objectives in planning public health programs.
|
|
Review your internship experience successes and challenges
: In a 4 - 6 page paper based on your internship course experience and the learning objectives achieved during the course, review your internship experience.
|
|
Journal entries on nov and dec
: Journal entries on Nov 1 and Dec 31, 2021. On November 1, 2021, Kelly Inc.obtained short term financing from US Bank in the amount
|
|
What is the parent share of consolidated net income
: What is the parent's share of consolidated net income for 2018 if Company A owns only 90 percent of Company B and the equipment transfer was upstream
|