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- O Mail - Edjouline X E Content - ACG2 X * CengageNOW. X O (58) YouTube * from Towards a X m/ilm/takeAssignment/takeAssignmentMain.do?invoker=assignments&takeAssignmentSessionLocator=assignment-take&inpro. Q < ☆ STIOW Me TOW Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $410,000; Allowance for Doubtful Accounts has a credit balance of $3,500; and sales for the year total $1,850,000. Bad debt expense is estimated at 3/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Adjusted Balance Debit (Credit) Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c. Determine the net realizable value of accounts receivable. Check My Work Previous Next V O 11:51rd / My courses/ BAMA1101 / Worksheets Home PraiWotkst äö pio Moving Forward An invoice for OMR 600 dated March 10th with the terms 5/15 EOM is recerved. The bill is paid on April Sth. Find the net payment. ut of Select one: O a. 570 O b. 30 Oc 510 O d. 90 Clear my choice inus nane Type here to searchQ Search References Review View Help Tell me what you want to do O Editing I U Dv Av .…. 11 A A B 出<=<三v| Use the following information to answer questions #1-4 Mrs. Smith has a monthly payment of $230 for health insurance, a $500 deductible, an 80%/20% co- insurance and co-payments of $15 for prescriptions and $45 for office visits. 1. What is Mrs. Smith's premium? a. $45 b. $230 C. $500 d. $1,000 2. What amount will Mrs. Smith have to pay for medical services before the policy begins to pay? a. $45 b. $230 C. $500 d. $1,000 r for a small nrocedure costing $1,000 what percentage of the me
- ageNOWv2 | Online teachin Cengage Learning G 8000x2% - Google Search + akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress-false w. * eBook Show Me How E Calculator Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. Returns and Allowances Merchandise Freight (Invoice (Invoice Amount) Paid by Seller Freight Terms Amount) a. $24,000 $300 FOB destination, 1/10, n/30 $2,000 b. 31,500 250 FOB shipping point, 2/10, n/30 2,500 a. b. US O v 1 8:30 960 S eBook Ask Print eferences Mc Graw Hill :: FI 2 Sophie Sue Breeders has the following voluntary withholdings to remit: AFLAC payable: $600.00 401(k) payable: $1,320.00 -WKCTC_....txt A Garnishments payable: $439.00 United Way contributions payable: $280.00 S W mend X Required: Create the General Journal entry on June 11, 2021, for the remittance of these withheld amounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 8 J DII FB Il I N M ( 9 K & F9 O ) A O F10 L * Help Save & Exit P command : Check my work Subw Show Al F12 option Wom te x O Indian X Conten X O My App X Reset F X Cengag x O Mail -E X Indian m/ilm/takeAssignment/takeAssignmentMain.do?invoker=assignments&takeAssignmentSessionLocator=assignment-take&inpro.. Q < * * eBook Show Me How Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $6,800,000 and sales for the year total $81,500,000. a. The allowance account before adjustment has a debit balance of $68,250. Bad debt expense is estimated at % of 1% of sales. b. The allowance account before adjustment has a debit balance of $68,250. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $575,000. c. The allowance account before adjustment has a credit balance of $45,000. Bad debt expense is estimated at % of 1% of sales. d. The allowance account before adjustment has a credit balance of $45,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $450,000.…
- Journalize this transaction: Paid $320 to Ameren for the monthly bill. Edit View Insert Format Tools Table 12pt v Paragraph v В I U MacBook Pro Oine Fi En ACCT 101 Onre le Oa01 for Ais eet # $ % & 3.My Profile It easter for your to enter the appropriate information into the provided receipt templates. Transactions Date: 31/05/2013 31/05/2013 Details Dr Cr Balance John Jones Ch no 1444 James Smithson Ch no 1443 $ 3723.15 $56,900.00 $ 1841.00 31/05/2013 General Account chq no 1445 20/05/2013 General Account chq no 1442 20/05/2013 Reddy & Co Chq no 1441 $485.85 $14,732.50 $ 38,767.50 $ 60,623.15 $62,464.15 15/05/2013 Deposit $1,350.00 $62,950.00 $77,682.50 $116,450.00 Question 13/05/2013 Deposit $2,000.00 $115,100.00 08/05/2013 Deposit 07/05/2013 Deposit $1,200.00 $113,100.00 $56,900.00 $111,900.00 07/05/2013 Deposit $1,500.00 $55,000.00 05/05/2013 Adjustment Dis chq $1,500.00 $53,500.00 03/05/2013 Deposit $1,500.00 $55,000.00 03/05/2013 Agnew & Fortescue ch no 1439 $28,110.00 $53,500.00 03/05/2013 General Account Ch no 1440 $10,690.00 $81,610.00 01/05/2013 Opening Balance $92,300.00 Jump to... CPPREP450 Linka By " You musepad consisting of a separateden Hobe account for coch at he…An involce for $10,000 dated September 10 with terms 3/10, 12/20, n/30, EOM is recelved in the mail on September 25. A payment of $4000 is sent on October 11. What is the outstanding balance? Multiple Choice $5940.00 $5939.09 $6000.00 $5920.00 $5918.37
- A credit sale of $3800 is made on April 25, terms 1/10, n/30, on which a return of $300 is granted on April 28. What amount is received as payment in full on May 4? $3465 • $3800 • $3500 Ⓒ $3762dbm 105 fund x DBM 105.pdf Home Question Z Not yet answered tps://eclass.uonbi.ac.ke/mod/quiz/attempt.php?attempt=876769&cmid=38254&page=1 Marked out of 10.00 Flag question IO X Events Dashboard My Courses This course Joe Durango prepared the following trial balance from the accounting records of his firm, Dango Traders. TAKE AWAY CAT DUE SUNDAY 3 X Sales Sales Returns and Allowances - Durango Traders Trial Balance As at 31.7.2019 Purchases Purchases Returns and Allowances Freight-in Advertisement Salaries Administrative Expenses Stationery and Printing Office Equipment at Cost Accumulated Depreciation: Office Equipment Capital: J.Durango 1/8/2018 Drawings: J.Durango Cash Trade Debtors Trading Inventory 1/8/2018 Prepaid Insurance Dr.(Kshs) Cr.(Kshs) 675,000 2,250 436,500 11,700 2,250 52,200 3.150 4.050 27,000 45,000 78,235 10,350 70,650 1,620 3,150 10,125 49.480 CAT-LDP 109: FUNDAMENTALS x + X hp WParagraph Styles keep using Word without interruption, activate before Monday, 17 May 2021. Activate Expressive Youths is a non-profit youth club in the Corporate Area that engages its members in the buying and selling of paintings that are sold to public to provide income for the club. For the financial year ending December 31, 2020 the clerical officer of the club provided the following information in relation to the club's activities: Payments Electricity Purchase of television Purchase of paintings Refreshments, etc. Stipend for clerk Stationery 2$ 120,000 subscription 60,000 Sale of paintings 320,000 Refreshment, etc. sale Receipts 300,000 800,000 600,000 280,000 Donations 250,000 200,000 96,000 Other activities 50,000 I. Additional Information: () On January 1, 2020 the club had paintings valued at $350,000., while subscription in arrears at that date was $15,000 On December 31, 2020 the club owed $25,000 for electricity, while $10,000 was paid for stationery that was to be…