What rahal accounts receivable at december

Assignment Help Accounting Basics
Reference no: EM132584510

For 2021, Rahal's Auto Parts estimates bad debt expense at 3% of credit sales. The company reported accounts receivable and an allowance for uncollectible accounts of $90,500 and $2,900, respectively, at December 31, 2020. During 2021, Rahal's credit sales and collections were $412,000 and $416,000, respectively, and $3,140 in accounts receivable were written off.

Question 1: Rahal's accounts receivable at December 31, 2021, are:

Multiple Choice

Option 1: $94,500.

Option 2: $91,360.

Option 3: $86,500.

Option 4: $83,360.

Reference no: EM132584510

Questions Cloud

List of global leadership competencies : What are the advantages and disadvantages of using a list of global leadership competencies
Identify any four victims in this massive accounting fraud : What do you believe was the primary motivation for inflating sales figures for MiniScribe Corporation?Identify any four victims in this massive accounting fraud
What four methods are used for delivering sales training : 1. How is sales training related to recruiting and selecting salespeople?
Identify assets and critical infrastructure : Post your response (including the Quantifiable Risk Assessment RISK = (P x C x V))
What rahal accounts receivable at december : What Rahal's accounts receivable at December 31, 2021, are?For 2021, Rahal's Auto Parts estimates bad debt expense at 3% of credit sales.
Impact far beyond firm boundaries : Multinational enterprises (MNEs) have an impact far beyond their firm boundaries.
Why do experimental investigations use randomisation : Why do experimental investigations use placebos and Why do experimental investigations use randomisation
Shopping culture ultimately infiltrate china : With Alibaba's ownership of the very popular Tmall and Taobao online shopping systems (similar to eBay and Amazon) and its spread across the world
Responsibilities of hospitals of health service organization : What are social responsibilities of hospitals of health service organizations? Explain how each are addressed.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What issue would raise to be answer by legal research

Williams's direct instructions Jones and Stevens put themselves outside the course of their employment thus Chemco could not be liable for their actions.

  Prepare journal entries for ardlethan agricultural assets

Ardlethan Limited owns an extensive vineyard that sells grapes directly to a number of local winemakers. Prepare journal entries for assets

  Analysis to determine the project critical path

Assuming that one worker is required for each activity, prepare a resource-leveled schedule. What is the maximum number of workers required to finish the project on time? Show all work and provide a completed Gantt chart using Excel.

  Find the materials quantity variance for the period

There were no increases or decreases in inventories during the period. Calculate the materials quantity variance for the period

  Indicate the amount of revenue

Required - Indicate the amount of revenue that should be allocated to the dishwasher the installation, and to the maintenance contract

  Compute basic earnings per share for 2015

Compute basic earnings per share for 2015, Compute diluted earnings per share for 2015

  What is the tax ramification for its only shareholder

What is the tax ramification for its only 100% shareholder (Martie owns 100% of the stock of SLX INC.) if Marty has $4.5 Million tax cost in shares of SLX INC

  Leeds architectural consultants uses a job-order costing

leeds architectural consultants uses a job-order costing system and applies studio overhead to jobs on the basis of

  Inflate reported revenue in the current period

A company is experiencing a period of strong financial performance. In order to increase the likelihood of exceeding analysts' earnings forecasts in the next reporting period, the company would most likely undertake accounting choices that:

  Alternative dividend policy

In 2008 the Keenan Company paid dividends $3.6 million on net income of $10.8 million. The year was normal, and for the past 10 years, earnings have grown at a constant rate of 10%.

  Discuss what is rockys casualty loss deduction

Discuss What is Rockys casualty loss deduction

  Determine necessary general journal entries to record

Determine necessary general journal entries to record to ensure that the issue and maturity of the note are properly reported for Morelife Manufacture

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