Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem -
1. During the year, Kiner Company made an entry to write off a P4,000 uncollectible account. Before this entry was made, the balance in accounts receivable was P50,000 and the balance in the allowance account was P4,500. What the net carrying amount of accounts receivable after the write-off entry?
a. P45,500
b. P41,500
c. P49,500
d. P50,000
2. If a petty cash fund is established in the amount of P2,500, and contains P1,500 in cash and P950 in receipts for disbursements when it is replenished, the journal entry to record replenishment should include credits to the following accounts
a. Petty Cash, P750
b. Cash, P950; Cash Over and Short, P50
c. Petty Cash, P1,000
d. Cash, P1,000
Rock Designs, Inc. is a jewelry store located in Miramar Beach, Florida. After Valentine’s Day, the store often has excess cash to get it through the three-month slow season. The primary shareholder, Hardy Rock, wants to make this seasonal cash work ..
If Paula files a negligence claim against Geoffrey will she file in civil court or criminal court? Explain difference between civil court and criminal court.
Determine the accounting rate of return on this investment for the first year. Assume straight-line depreciation. Based on this analysis, would the investment be made? Explain your answer.
Prepare any adjusting journal entry necessary on September 30. Enter your answers in the shaded areas of the journal below. Is this situation a deferred or an accrued expense? Why?
Cullumber Corp. has seven industry segments with total revenues as follows.Based only on the revenues test, which industry segments are reportable under IFRS?
What are the definitions of the following terms Acid Test Ratio Prepaid Expenses Current Assets Debit Current Ratio Periodic inventory system Straight Line Depreciation Current Liabilities Retained Earnings Historical Cost Accrual Working Capital Per..
Mack is given terms of 3/15 n/30, and he pays by day 15. How much will he pay the manufacturer for the order of 110 bikes if his price per bike is $263.17?
Which statements is true with respect to financial stability? Financial stability ratios provide a basis for determining a company's capacity to improve sales.
Investors always act in a completely rational manner. Under the Prospect Theory which statement is true. What is a breakout in reference to support and resistance levels? When a put-call ratio is at .90 there is pessimism from option traders
Now that she will make more than minimum wage, what is a game plan for Yvonne's money? Yvonne will be graduating in December with degree in elementary education
Accounting for pensions receives more attention in the United States than in other countries. Discuss reasons that would explain why pension accounting has less emphasis in many foreign countries than the U.S.
Prepare a flexible overhead budget based on the following amounts produced. 115,500 units, 116,500 units and 117,500 units.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd