Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem 1: On Dec. 31, 2019, TIGASIN Co. has allowance for doubtful accounts of P4,000. Each month, TIGASIN Co. makes interim provision for bad debts equal to 1% of credit sales. During 2020, total credit sales are P1,000,000 and P16,000 of accounts receivable is written off. Aging of A/R at December 31, 2020 indicates that an allowance of P20,000 should be provided for doubtful accounts as of that date. How much is the total amount of debit or total amount of credit in the adjusting entry (if there is any) to be made on Dec. 31, 2020?
Accounting period assumption and the Separate entity assumption. Elaborate how Sandipa can explain the concepts to her junior with the help of suitable example.
(Components of internal control) The chapter identified five components of internal control. Listed below are specific control policies and procedures prescribed by Suntron Company. dentify the components of internal control to which each policy or p..
Gladys owns a retail hardware store in Tangipahoa. She is considering opening a business in Hammond, a community located 25 miles away. She incurs expenses of $60,000 in 2011 in investigating the feasibility and desirability of doing so.
Newsome Inc. buys on terms of 3/15, net 45. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year?
Identify and describe the five environmental differences between governments and for-profit business enterprises as identified in the Governmental Accounting Standards Boards “Why Governmental Accounting and Financial Reporting Is—and Should Be—Diffe..
If early this year Ace purchased a new depreciable asset, the effect on Andrews's financial statements would be (all other items remaining equal)
What consolidation entry could be needed for these bonds on December 31, 2012?
United Specialists, Inc. has authorized 60,000 shares of $1 par common stock. Prior to 2015, United had issued 30,000 shares to stockholders. Early in 2015, United declared and distributed a 10 percent stock dividend. If United subsequently purchases..
What is the company's net income? Tenisa's friend Carma owns a floral shop, Petunias & Petals. Carma does the bookkeeping herself
Calculate the balance in each partner's capital account on November 1,2021, immediate after the year ended October 31, 2021 entry.
Mira Company leased equipment from Moto Company on July 1, 2021 for an 8-year period. What amount should be recognized as profit from sale
How does this transaction affect the total liabilities and the total stockholders' equity of the company? In your answer, show the effects on four accounts.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd