The statement of financial position for Concord Company includes the following accounts (in British pounds): Accounts Receivable £14,400, Prepaid Insurance £3,500, Cash £15,500, Supplies £4,000, and Debt Investments (short-term) £6,700. Prepare the current
assets section of the statement of financial position, listing the accounts in proper sequence. (List Current Assets in reverse order of
liquidity)

Computing depreciation, net book value, and gain or loss on asset sale lynch company owns and operates a delivery van that originally cost $46,400. lynch has recorded straight-line depreciation on the van for four years, calculated assuming a $5,000 expected salvage value at the end of its estimated six-year useful life. depreciation was last recorded at the end of the fourth year, at which time lynch disposes of this van. compute the net bookvalue of the van on the disposal date.

Abusiness cycle reflects in economic activity, particularly real gdp. the stages of a business cycle

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.