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spin [16.1K]
3 years ago
12

Windsor Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $145,600 Allowance f

or Doubtful Accounts $3,350 Sales Revenue (all on credit) 834,000 Sales Returns and Allowances 53,540 Prepare the journal entry to record bad debt expense assuming Windsor Company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but Allowance for Doubtful Acc
Business
1 answer:
Lady_Fox [76]3 years ago
8 0

Answer:

See below

Explanation:

1.

Bad debts ($145,600 × 4/100) = $5,824 - $3,350 = $4,000 Dr

...................To Allowance for doubtful account $4,000 Cr

(To record the estimation of 4% of bad debts on gross account receivable after adjusting the credit balance)

2.

Bad debts ($145,600 × 4/100) = $5,824 + $3,350 = $9,174 Dr

..............To Allowance for doubtful accounts $9,184 Cr

(To record 4% of account receivable but allowance for doubtful account).

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Azule Co. manufactures in two sequential processes, cutting and binding. The two departments report the information below for a
Angelina_Jolie [31]

Answer and Explanation:

The computation of the ending balance in the work in process inventory for each department is shown below:

For Cutting department

= Direct material + conversion + cost added for direct material + cost added for conversion - transferred in from cutting department

= $1,095 + $3,650 + $13,740 + $18,300 - $17,395

= $19,390

And, for binding department

= Transferred in from cutting department Direct material + conversion + cost added for direct material + cost added for conversion - transferred to finished goods

= $1,200 + $2,862 + $3,800 + $9,332 + $19,475 - $31,000

= $5,669

8 0
3 years ago
If job a and job b are identical in all aspects, except that job b pays higher wages, what will happen over time?
Bumek [7]
Job b will go out of business sooner if their profit is the same as A
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Kimberly is excited about a high-end vacuum cleaner she purchased. She can't wait to show her husband how well the vacuum cleane
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Answer:

C) affective involvement

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Affective or emotional involvement takes place when customers build emotional connections and have deep feelings about a certain product or service.

Kimberly's excitement about her new vacuum cleaner can be better understood as a consequence of her feelings toward her family than what the vacuum cleaner really does. She is excited because she feels she has done something good for her family.

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Who would you vote for if you could? Explain Why connecting to issues facing your community.
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Answer:

Explanation:

vote for what

4 0
2 years ago
On Nov. 1, Eli Co. received a $6,000, 60-day, 6% note from a customer as payment on his $6,000 account. Eli’s journal entry to r
kirill115 [55]

Answer:credit accounts receivable for $6,000

Explanation: this is because Eli co received a payment into their account from a customer which is a credit to their account.

It would have been a debit if Eli co paid out or made an expenditure from their account.

5 0
3 years ago
Read 2 more answers
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