don't give answer in image format SubtotalsCustomerBoyd IndustriesHodges CompanyKent Creek Inc.Lockwood CompanyVan Epps CompanyTotalsPercentage uncollectibleAllowance for Doubtful AccountsAging of Receivalelvables ScheduleJuly 31BalanceNotPastDue1,050,000 600,00036,00011,5006,6007,40013,0001,124,500 607,4007,4001%106,106 6,0741-30DaysPast Due220,0000 ✓13,000233,0003%6,99031-60DaysPast Due0115,000607,400 X6,600121,60012%14,59261-90DaysPast Due85,00011,50096,50030%28,950Over 90DaysPast Due30,000Assume that the allowance for doubtful accounts for Evers Industries has a credit balance of $8,240 before adjustment on July 31.36,000Journalize the adjusting entry for uncollectible accounts as of July 31. If an amount box does not require an entry, leave it blank.July 31 Bad Debt ExpenseAllowance for Doubtful Accounts66,00075%49,500

The allowance for doubtful accounts is created to record estimated bad debt expense for the period.…

Answered: Subtotals Customer Boyd Industries…

Financial & Managerial Accounting

13th Edition

ISBN:9781285866307

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter27: Lean Principles, Lean Accounting, And Activity Analysis

Section: Chapter Questions

Problem 27.22EX

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2. Nem Level Which of the two methods yields a conceptaly pefenbile valion of invemory E7-10 107.5 Alternative Ivety Methods Nevens Compary nes a peiodic invenory Duting November, the foillowing tranactions occurred: Dete Tronsecfion Units Cot/Uni November Balonce $3.50 50 350 Sole Pierhme Purchese Sole 13 300 400 5.00 21 28 200 SHOW ME HOW 150 Required: 1. Compute the cost of goods sold for November and the inventory ar the end of November for each of the following cost flow assumptions: FIPO 2. b. LIPO C Average cost Next Level What can you conclude about the effects of the inventory cost flow assumptions on the financial 2. statements
and Control rial X during ubat is the economic order quantity for the company? c. 2,545 d. 2,700 n hand 00 a. 1,800 b. 1,273 00 D00 Assuming that the company will not provide any safety stock units. How much would be the annual inventory costs? a. P5,400 b. Рб,000 с. Р2,700 d. P8,100 al lead time of 39. The following are annual cost of Jazh Corp. relating to Material O which require 40,000 units per year: g normal lead Unit cost Insurance cost P20 Storage cost Freight-in Order cost 32 36 per order and 10 Interest that could have been earned on alternative investment of funds P320,000 What is the annual carrying cost per unit? roducts. The sian country. a. 96 b. 60 с. 106 d. 54 Ea cost of P8 40. Norin Corp. uses 10,500 yards of material X each day to make shirts. It usually takes 10 days from the time Norin orders the material when it is received. If Norin desired a safety stock of 21,000 yards, what is the order point? a. 126,000 b. 157,500 ction process costs P90 to e casting in need…
Informaban relates to the unit the Manino The manufacdunng eb Company 4 praluct Wge by of shs 100 Selling Rrice Cast of sales of Vanigble cats casb -65 (85) Fixed Gmas Propt çllng and administahive conb Net propt 20 15 (10) lempang hudgels fu ficed producb ced. fred to selling and adminishabse codb casb 3,600.000and ace lnwred evenly dunig 150,000 per annum. These the poar Dunng the latert faandial your! were achieved frot 6 monthr second 6 mo nthe Produchren Cunde) (unit) Isales 75,000 60 000 50 1000 70,000 stockr at There were Fried year- locured coab Inured duning the beginniog g the and odmiaiskcabse seling equal o the holged no opening poduchon cast and the were Required: Prepare taiding poAt and the tus six manth methlods; Abcorphon lehi lau statemenb for each sach the plkwy of @) Marguñal Corbng
T1o T12 T18 28 30 T36 TAO 18 16 20 22 24 126 32 34 38 To 2 91 Baab Corporation is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: Beginning Balance Ending Balance 14,000 $ 27,000 $ 62,000 $ 22,000 9,000 77,000 Raw materials Work in process 24 $ Finished Goods The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 33,000 machine-hours and incur $231,000 in manufacturing overhead cost. The following transactions were recorded for the year: kh Raw materials were purchased, $315,000. Raw materials were requisitioned for use in production, $307,000 ($281,000 direct and $26,000 indirect). The following employee costs were incurred: direct labor, $377,000; indirect labor, $96,000; and administrative salaries, $172,000. Selling costs, $147,000. Factory utility costs, $10,000. Depreciation for…
lenovo Assignment 3A S1 202 X ownloads/ACCT1002%20Assignment%203A%20S1%202021-%202022%20(1).pdf lagiarism Checker... S https://www.citethi... e (1).pdf 1 Q 回|+%00L ACCT1002 Introduction to Financial Accounting E. Earned Net income $ (Please refer to table below and use only the info in line with your first name initial in the blank/underlined space) firstname Initial Net Income A, P, I, E, V C, O, R, Y K, Q, M, F S, W, G, Z 24 24 %$4 2,000,000.00 %$4 $4 1,400,000.00 1,450,000.00 1,500,000.00 N, B, J, X, H 24 F. Declared interim dividends for preferred shareholders as well as $.80 per share to common stockholders. Using the info above and as a guide: A. Prepare the journal entries with narrations to record the following: The issuances of stock. Close out net income to retained earnings. Dividend declared. Close out dividend to retained earnings. 10:25 AM 11/10/2021 10.162.156.242 FOWER 29232 USB TCPAP NO TX AX LNK TX AX LNK ACT LNK F5 F7 Print F4 F10 F11
ANotes X A Soluti x A Notes x A Soluti x A Tuton X Answ X OTgzNDkyOTcw/a/MJU1MTU2OT94NZAX/details 2. The following trial balance was extracted from the books of Syarikat Wawa at 31 Mac 2020: RM 83,030 1,620 800 145,800 10,000 8,500 232,950 68,000 3,600 8,400 4,300 9,600 3,180 28,400 16,440 Particulars Capital Carriage in Carriage out Purchases Office equipment Motor vehicle Sales Wages and salaries Rent and rates Lighting and heating Vehicles running cost Telephone expenses General office expenses Debtors Creditors Provision for depreciation: Motor vehicle Office equipment Provision for doubtful debts 4,250 4,000 500 13,570 6,200 Drawings Cash at bank Cash in hand Stock as at 1 April 2019 Return inwards Return outwards 300 8,000 3,800 2,900 Additional information as at 31 Mac 2020: Stock on hand was valued at RM8,800 Rent and rates prepaid RM1,200 Wages and salaries RM1,750 iv. i. ii. i. Depreciation is to be provided as follows: a. Motor vehicles b. Office equipment 50 % reducing…
69 R %24 50 tesources T X OApplications | Rapidldentity X OPrinciples of Accounting I- A X O Question 1- Chapter 9 Assign X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=D0&launchUrl=https%253A%252F%252Flms er 9 Assignment: Accounting for Curre... i Help Save & Exit Submit Saved 3. Check my work The following items appear on the balance sheet of a company with a one-year operating cycle. Identify each item as a current liability, a long-term liability, or not a liability. Item Classification 1. Sales taxes payable. 2. Pension liability (to be fully paid to retired employees in next 11 months) 3. Pension liability (to be paid to employees retiring in 2 to 5 years) rint 4. Machinery (expected life of 4 years) 5. Employee Medical Insurance Payable rences 6. FICA-Medicare Taxes Payable 7. Interest payable (due in 90 days) 8. Wages payable. 9. Employee Federal Income Taxes Payable 10. Employee Union Dues Payable II F2 F3 F4 F5 F7 F8 F10 F12 Finder LL DeX /// DDI 3. 08.
an Symbol Open Abercrombie&Fitch ANF CenturyLink CTL Dillard's DDS FedEx FDX Hewlett-Packard MasterCard Cl A HPQ MA High Select one: O a Abercrombie&Fitch O b. Hewlett-Packard Oc. Century Link Od. Dillard's Oe. FedEx Low Close Net %Chg Chg 20.91 21.12 -0.50 -2.31 29.48 29.61 0,04 0.14 106.02 106.29 -0.10 -0.09 1.32 0.78 0.17 0.56 -0.26 -0.28 21.52 29.58 21.78 29.69 106.75 108.43 170.20 171.35 169.95 171.13 30.70 31.01 30.64 30.69 94,49 94.76 93.90 94.24 Which company had the highest stock price in the last year? BEY Vol 52 Week 52 Week Low Div YTD %Chg 3.79 150.86 -26.26 22.10 25.19 13.40 -15.09 19.63 -1.46 12.28 -23.52 28.95 9.38 Yield High 1,862,133 45.50 19.34 0.80 3,644,412 45.67 29.28 2.16 7.29 400,038 144.21 100.00 0.24 0.23 1,146,541 185,19 15,584,923 41.10 3,005,572 96.31 145.08 1.00 0.58 29.52 0.70 2.29 69.64 0.64 0.68 + PE
question O C. Work in Progress Finished Product 48 Given the following data; TOTAL SALES OMR 250000 CASH SALES OMR 125000 SALES RETURN OMR 5000 OPENING SUNDRY DEBTORS OMR 20000 CLOSING SUNDRY DEBTORS OMR 10000 What will be the average debtors? ut of O a. OMR 15000 uestion O b. OMR 7500 O c. OMR 30000 O d. OMR 10000 pe here to search Pa lenovo
Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable. 2021 $ 706,675 363,004 34,274 2020 2019 $464,918 $ 371,9341 238,808 193, 136 27,058 25,477 2018 $ 260,094 133,898 15,268 2017 $ 194, 100 98,991 13,296 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.
4 John Doe started his business, Copy Specialties, Inc., on January 5, 2019. The following 5 linformation was obtained from the accounts of the company as of January 31, 2019. In the 6 ispace provided, please prepare, in proper form, an Income Statement, Statement of Stockholder's Equity 7 and Balance Sheet (unclassified) for the month ending January 31, 2019. 8. 9 In addition, provide two observations on Profitability and two observations on Liquidity. 10 11 Rent Expense 2,000 Common Stock 20,000 12 i Cash 2,000 Accounts Payable 3,000 13 Dividends 2,500 Utilities Expense 1,200 14 ! Service Revenue 9,000 Land 18,000 15 Accounts Receivable 2,000 Supplies 16 Supplies Expense 600 17 18 19 20 Copy Specialties, Inc. 21 Income Statement 22 For the Month Ended January 31, 2019 23 24 ) 25 26 27 28 29 Sheet1
16 Quiz- ACC 242 01 Intern x * CengageNOWv2 | Online teachir X takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Print Item Instructions Chart of Accounts Amount Descriptions General Journal Statement of Retained Earnings Instructions During an audit of Madison Company's December 31, 2020 records it was discovered that the company did not accurately accrue for $12,500 of depreciation expense. The accrual of interest expense of $4,500 was also omitted. These errors occurred in 2019 and have a material impact on Madison's financial records. Madison's net income for the year was $123,000. The company is subject to a 35% tax rate. The company had a retained earnings balance of $557,500 on January 1, 2020. No dividends were paid. Required: 1. Prepare the necessary journal entries to correct the accounting records of Madison Company's books. 2. Prepare the statement of retained earnings for 2020. Check My Work 4 more Check My Work uses remaining…

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