At the beginning of the current period, marigold corp. had balances in accounts receivable of $204,500 and in allowance for doubtful accounts of $8,620 (credit). during the period, it had net credit sales of $836,300 and collections of $706,700. it wrote off as uncollectible accounts receivable of $7,063. however, a $3,070 account previously written off as uncollectible was recovered before the end of the current period. uncollectible accounts are estimated to total $23,050 at the end of the period. (omit cost of goods sold entries.) collapse question part (a - d)
(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.
Answers: 1
Business, 22.06.2019 11:00
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Business, 22.06.2019 12:10
The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were:
Answers: 3
Business, 22.06.2019 13:10
bradford, inc., expects to sell 9,000 ceramic vases for $21 each. direct materials costs are $3, direct manufacturing labor is $12, and manufacturing overhead is $3 per vase. the following inventory levels apply to 2019: beginning inventory ending inventory direct materials 3,000 units 3,000 units work-in-process inventory 0 units 0 units finished goods inventory 300 units 500 units what are the 2019 budgeted production costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively?
Answers: 2
At the beginning of the current period, marigold corp. had balances in accounts receivable of $204,5...
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