Reference no: EM132809354
The Receivables account of Jennie Co. shows an amortized cost of $1,950,000 on December 31, 2019.
The following information presents the subsidiary details:
Trade accounts receivable - $725,000
Trade notes receivable - 100,000
Installments receivable, normally due one or two years - 300,000
Customers' accounts reporting credit balances arising from sales returns - (30,000)
Advance payments for purchase of merchandise - 150,000
Customers' accounts reporting credit balances arising from advance payments - (20,000)
Cash advances to subsidiary - 400,000
Claims from insurance company - 15,000
Subscription receivable due in 180 days - 300,000
Accrued rent receivable - 10,000
Problem 1: What amount should be presented as trade and other receivables under current assets?
|
How power is exercised within organisations
: Compare and contrast how power is exercised within organisations from each of these three perspectives above. Focus on three key stakeholder groups within organ
|
|
Prepare current liabilities section of crowe balance sheet
: Prepare the necessary journal entries to record the above events for Crowe Company for April, 2020. Prepare current liabilities section of Crowe balance sheet
|
|
Indicate the proposed complete address of business
: Mainly plates, bowls, glasses, mugs, tea cups, and spoon, knife, and fork handles.
|
|
What should be the journal entry to record the disposal
: The loan's interest rate is 7% while the market rate of similar notes is 8%. What should be the journal entry to record the disposal of the equipment?
|
|
What amount should be present as trade and other receivable
: What amount should be presented as trade and other receivables under current assets? Installments receivable, normally due one or two years - 300,000
|
|
Organisations recruitment and selection practices
: How will contemporary issues such as Brexit and Covid impact an organisations recruitment and selection practices, policies and procedures in the next decade?
|
|
What is the estimated cost of missing inventory on december
: What is the estimated cost of missing inventory on December 31, 2020? Physical Inventory determined that ending inventory of $600,000 was in the warehouse
|
|
Hank at yake company-case study
: Opinions of the activity's facts and or experiences anchored in theoretical concepts from the chapter;
|
|
What amount should romina inc report as dividend income
: During the last month of the reporting period, Magui Company declared $0.80 dividend per share. What amount should Romina Inc. report as dividend income?
|