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Zina [86]
3 years ago
10

Journalize the following transactions using the allowance method of accounting for uncollectible receivables.April 1 Sold mercha

ndise on account to Jim Dobbs, $7,200. The cost of the merchandise is $5,400.June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder.Oct. 11 Reinstated the account of Jim Dobbs and received cash in full payment.9. Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables.April 1 Sold merchandise on account to Jim Dobbs, $7,200. The cost of the merchandise is $5,400.June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder.Oct. 11 Reinstated the account of Jim Dobbs for and received cash in full payment.10. Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables:Feb 20 Received $1,000 from Andrew Warren and wrote off the remainder owed of $4,000 as uncollectible.May 10 Reinstated the account of Andrew Warren and received $4,000 cash in full payment.
Business
1 answer:
sergejj [24]3 years ago
7 0

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Download xlsx
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A long-term partnership correlates with health and happiness throughout adulthood and late adulthood. For most people, then, ___
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Commitment

Explanation:

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3 years ago
A company has calculated its running sum of forecast errors to be 500 and its mean absolute deviation is exactly 35. Which of th
Stella [2.4K]

Answer:

correct option is here B. About 14.3

Explanation:

given data

running sum of forecast errors RSFE = 500

mean absolute deviation MAD = 35

solution

we get here tracking signal that is express here as

tracking signal = \frac{RSFE}{MAD}     .................................1

put here value and we will get tracking signal

tracking signal = \frac{500}{35}

tracking signal = 14.3

so correct option is here B. About 14.3

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Fittoniya [83]
I think A if not than B I’m sorry if I’m incorrect
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If you wanted to make sure a company has enough money available to pay its bills, which financial statement would be most helpfu
LenaWriter [7]

Answer:

D. Cash flow statement

Explanation:

A cash flow statement refers to a financial statement which is used to record and summarize the amount of liquid assets (cash and cash equivalents) entering and leaving a business entity.

Cash flow can be defined as the net amount of cash and cash-equivalents that is flowing into (received) and out (given) of a business. There are three components of the cash flow;

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