During the accounting period cuevas recorded

Assignment Help Accounting Basics
Reference no: EM13929368

The following account balances come from the records of Cuevas Company:

1756_264-B-A-C-R (1696).png

During the accounting period, Cuevas recorded $11,000 of sales revenue on account. The company also wrote off an $120 account receivable.

Required: 

a. Determine the amount of cash collected from receivables. 
b. Determine the amount of uncollectible accounts expense recognized during the period. 

Reference no: EM13929368

Questions Cloud

How is nestle water handling changes in demographics : Which trend do you feel is having the greatest impact? Why? Identify which of the four trends is affecting your Nestle Water.
Locate two sources of how quality control : Locate two sources of how quality control is used in business today. Then write 1-2 paragraph describing
Experiment to reduce the probability of a type ii error : Having just made what you believe to be a Type II error, using an independent groups design and a t test analysis, name all the things you might do in the next experiment to reduce the probability of a Type II error.
Overseeing a production process involving use of toluene : Air Sampling Problem: You are an industrial hygienist that is conducting personal sampling on a worker who is overseeing a production process involving use of toluene (Note: The Occupational Safety and Health Administration has established a Permissi..
During the accounting period cuevas recorded : Determine the amount of uncollectible accounts expense recognized during the period.
What are the observable artifacts, espoused values : Use the competing values framework to diagnose Chrysler's culture. To what extent does it possess characteristics associated with clan, adhocracy, market, and hierarchy cultures?
Determine the rotational speed and diameter of the runner : Determine the rotational speed and diameter of the runner - the flow angles at outlet from the guide vanes and at runner exit;
Adjusted the accounting records to reflect the estimate : Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account.
Recognized uncollectible accounts expense : Recognized uncollectible accounts expense. Eccles estimated that uncollectible accounts expense will be 1 percent of sales on account.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Randy company makes halloween costumes last year randy

randy company makes halloween costumes. last year randy incurred the following costs related to quality control. what

  Problem related to trial balance

In taking out a Trial balance, a book keeper finds that he is out Rs.1600 excess debit. Being desirous of closing his books, he places the difference to a newly opened suspense account. In the next period, he discovers the following discrepancies.

  Businesses of engaging in voluntary responsibilities

Which of the following is not a benefit to businesses of engaging in voluntary responsibilities?

  On january 16 2013 sorter company determined that its

at the end of 2012 sorter company has accounts receivable of 882520 and an allowance for doubtful accounts of 41880. on

  Bloom orchards produced a good crop of peaches this year

bloom orchards produced a good crop of peaches this year. after preparing the following income statement the company

  At the beginning of its fiscal year cafatilde med leased

at the beginning of its fiscal year cafatilde med leased restaurant space from crescent corporation under a nine-year

  Superior analyzing the performance of sac

Write a memo to your superior analyzing the performance of SAC for 2005 and 2006. This analysis should be based on the information found in the consolidated financial statements.

  Accounting capstone research project

Accounting Capstone Research Project

  Many companies publish their annual reports on their

many companies publish their annual reports on their website usually in an investor relations section. visit several

  Ozark outdoors is a manufacturer of outdoor items the

ozark outdoors is a manufacturer of outdoor items. the company is considering the possibility of offering a new

  Hwang cut down a number of trees on the land and sold the

hwang corporation has engaged in a number expenditures relating to a land acquisition for a future plant. for each of

  Give the journal entries in the accounts of abc limited to

on 1 july 2013 abc limited provided a total of 5 million options to three of its key executive managers. the options

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd