subject
Business, 18.09.2019 21:20 bougiehairstudios

The following information is related to december 31, 2013 balances.• accounts receivable $700,000• allowance for doubtful accounts (credit) (60,000)• cash realizable value 640,000during 2014 sales on account were $195,000 and collections on account were $115,000. also, during 2014 the company wrote off $11,000 in uncollectible accounts. an analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $72,000. the change in the cash realizable value from the balance at 12/31/13 to 12/31/14 was

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 15:00
In its first year of operations, crane company recognized $31,700 in service revenue, $7,700 of which was on account and still outstanding at year-end. the remaining $24,000 was received in cash from customers. the company incurred operating expenses of $16,600. of these expenses, $12,690 were paid in cash; $3,910 was still owed on account at year-end. in addition, crane prepaid $3,260 for insurance coverage that would not be used until the second year of operations.
Answers: 3
question
Business, 22.06.2019 00:00
Choose the list of the best uses for word processing software. lists, resumes, writing a book, and payroll data letters to your friends, resumes, spreadsheets, and school papers resumes, cover letters, databases, and crossword puzzles book reports, letters to your friends, resumes, and contracts
Answers: 2
question
Business, 22.06.2019 12:40
Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false
Answers: 3
question
Business, 22.06.2019 17:30
Communication comes in various forms. which of the following is considered an old form of communication? a) e-mail b) letter c) skype d) texting
Answers: 2
You know the right answer?
The following information is related to december 31, 2013 balances.• accounts receivable $700,000• a...
Questions
question
Mathematics, 03.12.2020 23:10
question
Chemistry, 03.12.2020 23:10
question
Mathematics, 03.12.2020 23:10
question
Mathematics, 03.12.2020 23:10
question
Mathematics, 03.12.2020 23:10
question
Social Studies, 03.12.2020 23:10
Questions on the website: 13722367