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Computation of doubtful expenses for the year ended.
a. Based on the aging of its accounts receivable at December 31, Pribob Company determined that the net realizable value of the receivables at that date is $760,000 additional information is as follows: Accounts receivable at December 31 $880,000 Allowance for doubtful accounts at January 1 $128,000(Cr) Accounts written off as uncollectible during the year 88,000 Pribob doubtful accounts expense for the year ended December 31 is ................?
b. On september1, Riva Co assigns specific receivables totaling $750,000 to pacific Bank as collateral on a $625,000, 12 percent note. Riva Co will continue to collect the assigned accounts receivable. Pacific also assessed a 2 percent service charge on the total accounts receivable assigned. Riva Co is to make monthly payments to pacific with cash collected on assigned accounts receivable. Collections of assigned accounts during September totaled $260,000 less cash discounts of $3,500. What amount is owed to pacific by Riva Co. for September collections plus accrued interest on the note to September 30?
Compute the best option of lease or buy on the facts given - What is the minimal number of copies for which your law office should buy the machine instead of leasing it?
Insurance Settlement Proceeds The Company reached a payment with its insurance carrier related to the damage from the hurricane and received proceeds of $15 million from its insurance carrier in connection with its claim for reimbursement
Posting of journal entries to appropriate accounts and prepare an unadjusted trial balance and Bill transferred $15000 from personal account into business account
Payments for inventory are 70% in the month following purchase and 30% two months following purchase-Evaluate the cash collections for December
Effects of transactions on statement of cash flows - Indicate for each of the following what should be disclosed on a statement of cash flows (indirect method).
Calculation of Time period when the company should harvest the forest analyzing the pros and cons.
Evaluate the annual break-even point, in number of haircuts.
Evaluate the accumulated depreciation for each machine at December 31, 2008 - The Capital Company purchased 3 machines in the past year. Information regarding these items
Journalize the transactions in the general journal and Journal entries for various transactions in sole proprietorship
Cash flows from operating activities and Net income will be increased or adjusted upward and Net income will be decreased or adjusted downward.
Record each of the transactions for Bennett Corporation in a journal.
Cash Flow Classifications:For each of the following items, indicate whether it would be classified and reported under the operating activities (OA), investing activities (IA), or financing activities (FA) section of a statement of cash flows:
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