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On February 28, Dudley Curry Company had an $85,000 debit balance in Accounts Receivable. During March, the company had sales revenue of $609,000 which included $485,000 in credit sales. Other data for March include: Collections on Accounts Receivable, $451,000 Write-offs of Accounts Receivable, $5,500 1. Record uncollectible account expense and write-offs of customer accounts for March by the Allowance Method. Show all March activity in Accounts Receivable, Allowance for Uncollectible Accounts and Uncollectible Account Expense. The February 28 unadjusted credit balance in allowance for uncollectible accounts was $800. Uncollectible account expense was estimated at 2 percent of credit sales.
Prepare the journal entry to record 2012 depreciation and show how the truck would be reported in the December 31, 2012, balance sheet.
Jeremy's Desks is approached by Mr. Harry Hood, a new customer, to fulfill a large one-time-only special order for a product similar to one offered to regular customers. The following per unit data apply for sales to regular customers.
Dove Corporation manufactures and sells climate controlled wine cabinets. Its most popular model sells for $3,000 and comes with a basic 90-day warranty/ For am Extra $150 this warranty is extended to three years, and for $300 the warranty is extende..
after graduation you plan to work for dynamo corporation for 12 years and then start your own business. you expect to
colby company had assets of 280000 and liabilities of 120000 at the beginning of the year and assets of 400000 and
during its first year of operations eastern data links corporation entered into the following transactions relating to
complete the following exercise. submit journal entries in an excel file and written segments in an ms word document.
a company manufactures three products using the same production process. the costs incurred up to the slit-off point
the splash makes large fiberglass swimming pools and uses machine hours and direct labor hours to apply overhead in the
given a normal distribution with ?100 and ? 10 what is the probability that a. x gt 75? b. x lt 70? c. x lt 80 or x gt
rikki company received proceeds of 188000 on 10-year 6 bonds issued on january 1 2014. the bonds had a face value of
one of the statements for my project is utilities expenses of 3200 remain unpaid. 60 of the utilities expense is for
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