On june18 2006 jantz company had accounts receivable of

Assignment Help Accounting Basics
Reference no: EM13615014

On June18, 2006, Jantz Company had accounts receivable of $600,000 and anallowance for doubtful accounts with a $22,000 credit balance.

On June19, Jantz recorded the following transactions:

1.wrote-off as uncollectible a $4,000 account receivable from acustomer

2. received$7,000 from a customer who had been written off asuncollectible
in May

Calculate the net realizable value of Jantz'saccounts receivable after the above two transactions have been recorded.

Reference no: EM13615014

Questions Cloud

Prepare north east electroniocs classified balance sheet : the accounts of northeast electronics are listed along withtheir balances before closing at may 31. 2009
Hart nance and jason symington operate gift boutiques : hart nance and jason symington operate gift boutiques inshopping malls. the partners split profits and lossesequally
Accomplishing a specifictask or reaching a goal is the : 1. obtaining the highest possiblereturn with the minimum of use of resources committed is the basic definition ofa
A square loop of wire of side 33 cm carries 30 a of : a square loop of wire of side 3.3 cm carries 3.0 a of current. a uniform magnetic field of magnitude 0.67 t makes an
On june18 2006 jantz company had accounts receivable of : on june18 2006 jantz company had accounts receivable of 600000 and anallowance for doubtful accounts with a 22000
A coil of nichrome wire is 310 m long the wire has a : a coil of nichrome wire is 31.0 m long. the wire has a diameter of 0.360 mm and is at 20.0degc.a if it carries a
How does the write-off of anuncollectible account : how does the write-off of anuncollectible account receivable and the recovery of a previouslywritten-off account
Suppose the average family of 4 washes 2000 lbs of laundry : suppose the average family of 4 washes 2000 lbs of laundry each year. assume the variable is normally distributed with
An aluminum rod has a resistance of 330 at 200degc : an aluminum rod has a resistance of 3.30 ? at 20.0degc. calculate the resistance of the rod at 120degc by accounting

Reviews

Write a Review

Accounting Basics Questions & Answers

  Expenses to the apartment building

Eric lives in a home with a six-plex located at the rear of the property. On his tax returns, he allocates 60% of all expenses to the apartment building.

  An outside manufacturer has offered to produce wims and

richter company has a single product called a wim. the company normally produces and sells 87000 wims each year at a

  Sue of sues sandwiches sells sandwiches and soda from a

sue of sues sandwiches sells sandwiches and soda from a sidewalk cart in a popular park near her home. she sets up her

  Sawaya company had depreciation and amortization expenses

sawaya company had depreciation and amortization expenses of 522311 interest expenses of 114077 and an ebitda of

  Prepare a chronological list of the investments cash

Compute the investment's net present value, rounding calculations to the nearest dollar.

  Caterpillar is the largest industry who makes

caterpillar is the largest industry who makes constructionequipment. company is interesting to build a new crain which

  On december 31 of the current year a companys unadjusted

on december 31 of the current year a companys unadjusted trial balance included the following accounts receivable debit

  A cash budget show the budget by month and in total cash

you have just been hired as a management trainee by cravat sales company a nationwide distributor of a designers silk

  Wwd oil company sells 10000 bbl of oil for 70 per barrel

wwd oil company sells 10000 bbl of oil for 70 per barrel. the lease provides for a 16 royalty interest and the working

  One of wpcs sales representatives receives a special offer

wpc has excess production capacity and is considering the possibility of making and selling paging equipment. the

  Comparability of accounting income numbers

What are the implications of this in terms of a conceptual framework project, specific accounting standards, and comparability of accounting income numbers?

  Oct 1 began business by making a deposit in a company bank

below are the transactions for october. i need to create a journal entry general ledger and trial balance. i understand

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