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Klio2033 [76]
3 years ago
9

you are the accounts receivable clerk for fast and friendly shipping . the friendly shipping the balance of the accounts receiva

ble account is $25,000 for six months you have been trying to collect the amount owned by three companies: ABC company, $450; XYZ company, $500; and nice try company, $350. these accounts are still unpaid. your supervisor asked you to write off these accounts using the direct write off method. what is the balance of accounts receivable after you write off these accounts as uncollective?
Business
1 answer:
MariettaO [177]3 years ago
4 0

Answer:

Thats a lot of money

Explanation:

can I have some

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When might be the best time to start saving for retirement?
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Stock Company has 2,000 units in beginning work in process inventory, 20% complete as to conversion costs, 23,000 units transfer
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Answer:

B. 26,000, 24,000.

Explanation:

Stock Company

Equivalent units

Particulars                 Units       % of Completion           Equivalent Units

                                                   Mat. Conversion          Mat.  Conversion

Transferred Out      23000         100         100           23000      23000

<u>Ending WIP              3000            100       331/3%       3000        999.9= 1000</u>

<u>Total Equivalent units                                                  26000        24000</u>

<u />

The Equivalent units can be calculated either by adding the units transferred out and ending WIP or by adding beginning WIP and units started.

Equivalent units for materials 26000

and Equivalent units for conversion are: 24000

3 0
3 years ago
A company maintains its records using cash-basis accounting. During the year, the company received cash from customers, $32,000,
Virty [35]

Answer:

net income cash-basis     8,000

income accrual-basis        7,900

Explanation:

cash revenues                32,000

salaries expense         <u>  (24,000)  </u>

net income cash-basis     8,000

<u>sales for the period:</u>

beginning AR + sales - collected = ending AR

3,000 + sales - 32,000 =  5,500

sales = 34,500

<u>salaries expense:</u>

beginning salaries payables + salaries - paid = ending salaries payable

3,100 + salaries - 24,000 = 5,700

salaries 26,600

revenues                    34,500

salaries                     <u>  (26,600)  </u>

income accrual-basis   7,900

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2 years ago
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Answer:

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5 0
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