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lesya692 [45]
3 years ago
13

Shelton Company has the following account balances at year-end:

Business
1 answer:
salantis [7]3 years ago
7 0

Answer:

See below

Explanation:

Given the above information, Shelton should report the account receivable at a net amount as computed below;

= Accounts receivables - Allowance for doubtful account

Accounts receivables = $140,000

Allowance for doubtful account = $7,200

= $140,000 - $7,200

= $132,800

Therefore, account receivables at a net amount is $132,800

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Answer:

$9,925

Explanation:

actual selling price = bid price (shown in %) x bond's par value = 99.25% x $10,000 = $9,925

The ask price is the price at which sellers want to sell their bonds, while the ask price is the price at which buyers will purchase a bond. Usually the ask price is higher than the bid price. If you wanted to purchase the bond, you would end up paying the ask price or $9,926.

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You've decided on an idea for an essay you've been assigned to write. what should you do next?a. plunge right in and start writi
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Careers that have 6 letters
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After surviving an ischemic stroke, a 79-year-old male has demonstrated significant changes in his emotional behavior, with his
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Answer: Option (D)

Explanation:

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On March 15, American Eagle declares a quarterly cash dividend of $0.105 per share payable on April 13 to all stockholders of re
rodikova [14]

Answer:

March 15                 Debit                Credit

Dividends                $22,470,000

Dividends Payable                         $22,470,000

March 30     No entry

April 13

Dividends Payable   $22,470,000

Cash                                                 $22,470,000

Explanation:

In order to record American Eagle's declaration and payment of cash dividends for its 214 million shares first we would require to calculate the dividends as follows:

Dividends=214,000,000 shares*$0.105

Dividends=$22,470,000

Therefore, the journal entries would be the following:

March 15                 Debit                Credit

Dividends                $22,470,000

Dividends Payable                         $22,470,000

March 30     No entry

April 13

Dividends Payable   $22,470,000

Cash                                                 $22,470,000

7 0
3 years ago
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