User Account

All Pages

What is the beginning balance in a/r

Assignment Help Accounting Basics
Reference no: EM131006445

A company's year-end balance in accounts receivable is $2,600,000. The allowance for uncollectible accounts had a beginning-of-year credit balance of $42,000. An aging of accounts receivable at the end of the year indicates a required allowance of $50,000. If bad debt expense for the year was $52,000, and if credit sales for the year were $8,100,000, and $7,300,000 was collected from credit customers, what was the beginning-of-year balance in accounts receivable?

What is the beginning balance in a/r?

Reference no: EM131006445

Questions Cloud

What are the ethical and legal issues : Bribe vs Retirement Collapse What Would You Do? Dale Goodwin stared out the window of his office in Rio de Janeiro and pondered his dilemma. He has been a salesperson with Acme Oil Pumps, Inc., for 35 years. Who is affected? What are the ethical and ..
Building proposal to the planning authorities : Prepare a Design Report of a project you have practical experience. Through discussion with colleagues, or independent research, identify what material considerations informed the design, and show how these are resolved by the design.
Assume the fair value of the bonds on december 2012 : Assume the fair value of the bonds on December 31, 2012, had risen to $736 million. Prepare the journal entry to adjust the bonds to their fair value for presentation in the December 31, 2012, balance sheet.
Supply and demand a good asbury inelastic : Think about the markets for two kids both of supply and demand a good Asbury inelastic both of supply demand for good B is very elastic
What is the beginning balance in a/r : A company's year-end balance in accounts receivable is $2,600,000. The allowance for uncollectible accounts had a beginning-of-year credit balance of $42,000. An aging of accounts receivable at the end of the year indicates a required allowance of..
Suppose a country produces two final goods : Suppose a country produces two final goods, Pizzas (Ps) and Tacos (Ts). In Year 1 it produced 10 Ps at a price of $5 each and 50 Ts at a price of $1 each. In Year 2 it produced 15 Ps at a price of $6 and 50 Ts at a price of $2. If Year 1 is the base ..
Differences and similarities between ethics and morals : Define ethics and morals. Identify and describe the differences and similarities between ethics and morals
Currently producing at the minimum average variable cost : In a perfectly competitive industry, the market price is $25. A firm is currently producing 10,000 units of output, its average total cost is $28, its marginal cost is $20, and its average variable cost is $20. Given these facts, explain whether the ..
Given increase in aggregate demand has a larger effect : A given increase in aggregate demand has a larger effect on national income the less steeply do unit costs rise with increases in production. is this statement true or false .why ?

Reviews

Write a Review

Accounting Basics Questions & Answers

  On july 1 2008 b corporation issued 20 million of 821

on july 1 2008 b corporation issued 20 million of 8.21 twenty-year bonds. interest on the bonds is paid semiannually on

  Dexter corporation which uses a job costing system had two

dexter corporation which uses a job costing system had two jobs in process at the end of 20x0 job no. 59 wip balance

  What are the estate tax consequences

The $300,000 loan was made to Brad in late 2007, and he used the money to create a very successful business. The note was forgiven by Kenneth in his will. What are the estate tax consequences of these transactions?

  Determine the missing amounts

Determine the missing amounts - determine the gross profit rates. (Round to one decimalplace)

  Show the hotels cost structure by indicating the percentage

a contribution income statement for the la jolla inn is shown below. ignore income

  General and subsidiary ledgers

Post to both General and Subsidiary Ledgers Prove the agreement of the control and subsidiary accounts

  O january 1 2009 clinton corporation sold issued a 1000

on january 1 2009 clinton corporation sold issued a 1000 ten-year 10 bonds payable interest payable each december

  Blue company has beginning and ending work-in-process

blue company has beginning and ending work-in-process inventories that are 45 and 10 complete respectively. materials

  Recorded the redemption of the bonds which were called at

downing co. produces and sells synthetic string for tennisrackets. the following transactions were completed by

  Given the importance of proper system development what role

given the importance of proper system development what role should an accountant take in a development project? what

  Johnny the ceo of plastic spoon inc is in a bit of a bind

write a short essay between 400 and 500 words responding to the assignment below. you are expected to use the textbook

  David systems manufactures automated test systems that

david systems manufactures automated test systems that perform quality inspections during and at the completion of the

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd