Reference no: EM13970787
A company has $317,000 in credit sales. The company uses the allowance method to account for uncollectible accounts, and the Allowance for Doubtful Accounts now was an $8,150 debit balance. If the company estimates 6% of credit sales will be uncollectible, what is the amount of the journal entry for the estimated uncollectible accounts?
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Journal entry to record the second semi annual payment
: On January 1, Bestway, Inc. signed a $175,000, *%, 30-year mortgage that requires semiannual payments of $7,735 on June 30 and December 31 of each year. What is the journal entry to record the second semi annual payment (round interest calculation to..
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The bonds require semi annual interest payments
: $200,000 of 6%, 25-year bonds were sold for $190,000 on January 1. The bonds require semi annual interest payments on June 30 and December 31. What is the journal entry to record the June 30 interest payment on the bonds?
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Journal entry to record estimated uncollectible accounts
: Bestway, Inc. had credit sales of $142,000 for the period. The balance of Allowance for Doubtful Accounts is a debit of $643. If Bestway ages accounts receivable and determines estimated uncollectible accounts to be $2,840, what is the required journ..
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About the foreign tax credit
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Journal entry for the estimated uncollectible accounts
: A company has $317,000 in credit sales. The company uses the allowance method to account for uncollectible accounts, and the Allowance for Doubtful Accounts now was an $8,150 debit balance. If the company estimates 6% of credit sales will be uncollec..
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How many days is the days-sales-in-inventory
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What is the companys operating income
: A company has net sales of $126,000, cost of goods sold of $72,000, operating expenses of $38,000, and other expenses of $3,000. What is the company's operating income?
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How much is the amount in ending retained earnings
: Beginning Retained Earnings are $65,000, sales are $29,500, expenses are $33,000, and dividends paid are $3,500. How much is the amount in ending Retained Earnings?
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Present value of the investment
: An investment offers $3,300 per year for 19 years, with the first payment occurring one year from now. If the required return is 8 percent, the present value of the investment is $___. If the payments occurred for 34 years, the present value of the i..
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