subject
Business, 14.07.2019 06:00 alkinoonn

At the beginning of the current period, crane company had balances in accounts receivable of $192,800 and in allowance for doubtful accounts of $8,520 (credit). during the period, it had net credit sales of $722,500 and collections of $708,940. it wrote off as uncollectible accounts receivable of $7,972. however, a $3,275 account previously written off as uncollectible was recovered before the end of the current period. uncollectible accounts are estimated to total $22,740 at the end of the period. (omit cost of goods sold entries.) (a) prepare the entries to record sales and collections during the period. (b) prepare the entry to record the write-off of uncollectible accounts during the period. (c) prepare the entries to record the recovery of the uncollectible account during the period. (d) prepare the entry to record bad debt expense for the period. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (a) (to record sales) (b) (c) (to reinstate account previously written off) (d) link to text link to text determine the ending balances in accounts receivable and allowance for doubtful accounts. ending balance in accounts receivable $ ending balance in allowance for doubtful accounts $ link to text link to text what is the net realizable value of the receivables at the end of the period

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:40
Which of the following explains why the government sets a required reserve ratio for private banks? a. to allow the government to control the interest rate charged on loans. b. to prevent banks from printing too much money and causing inflation. c. to make sure banks don't run out of money when customers make withdrawals. d. to enable the regulation of risk levels in the decision process of offering loans. 2b2t
Answers: 1
question
Business, 21.06.2019 23:30
Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.
Answers: 3
question
Business, 22.06.2019 07:00
For the past six years, the price of slippery rock stock has been increasing at a rate of 8.21 percent a year. currently, the stock is priced at $43.40 a share and has a required return of 11.65 percent. what is the dividend yield? 3.20 percent 2.75 percent 3.69 percent
Answers: 3
question
Business, 22.06.2019 18:00
Martha entered into a contract with terry, an art dealer. according to the contract, terry was to supply 18 th century artifacts to martha for the play she was directing, and martha was ready to pay $50,000 for this. another director needed the same artifacts and was ready to pay $60,000. terry decided not to sell the artifacts to martha. in this case, the court may order terry to:
Answers: 2
You know the right answer?
At the beginning of the current period, crane company had balances in accounts receivable of $192,80...
Questions
question
Mathematics, 15.11.2019 02:31
Questions on the website: 13722359