AaB x A A. T Normal 1 No Spac. Heading 1 Heading 2 Heading 3 Hea ont Paragraph Styles Prepare a classified balance sheet Note not all accounts listed here may be used in solving this problem. Cash $950,000.00 $150,000.00 $650,000.00 Patient Receivable Patient Revenue Accounts Receivable $211,000.00 $410,000.00 $125,000.00 $740,000.00 $112,000.00 Inventory Inventory Expense Investments Insurance Expense Prepaid Insurance Supplies Mortgage Payable Supply Expense $201,000.00 $615,000.00 $116,000.00 $213,000.00 Wages Payable Wage Expense Salaries Payable $149,000.00 $119,000.00 $111,111.00 $510,000.00 $350,000.00 $420,000.00 Unearned Revenue Net Assets with donor restrictions Net Assets without donor restrictions

AaB x A A. T Normal 1 No Spac. Heading 1 Heading 2 Heading 3 Hea ont Paragraph Styles Prepare a classified balance sheet Note not all accounts listed here may be used in solving this problem. Cash $950,000.00 $150,000.00 $650,000.00 Patient Receivable Patient Revenue Accounts Receivable $211,000.00 $410,000.00 $125,000.00 $740,000.00 $112,000.00 Inventory Inventory Expense Investments Insurance Expense Prepaid Insurance Supplies Mortgage Payable Supply Expense $201,000.00 $615,000.00 $116,000.00 $213,000.00 Wages Payable Wage Expense Salaries Payable $149,000.00 $119,000.00 $111,111.00 $510,000.00 $350,000.00 $420,000.00 Unearned Revenue Net Assets with donor restrictions Net Assets without donor restrictions

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Kimmel, Financial Accounting, 8e Help | System Announcerments Practice Question 40 Which one of the following is the correct presentation of Accounts Receivable and its contra account on the balance sheet? Accounts Receivable $642,000 Less: Bad Debt Expense (17,000) (2,000) Less: Allowance for Doubtful Accounts $623,000 Accounts Receivable $642,000 Less: Allowance for Doubtful Accounts (2,000) $640,000 Accounts Receivable $642,000 Plus: Allowance for Doubtful Accounts 2,000 $644,000 Accounts Receivable $642,000 Less: Bad Debt Expense (17,000) $625,000 lick if you would like to Show Work for this question: Open Show Work
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MTUYMDgyNjA4NDI4/a/MjA5NTI4MzcyNTY1/details Total Deposit = (Currency + Coins + Checks)- Cash Received %3D Find the subtotal and the total deposit. 1. DOLLARS CENTS 2. DOLLA Currency a Currency Coins Coins LIST SEPARATELY LIST SEPARATELY 117-4 $594 44 71-97 301 03 712-08 129 SUBTOTAL SUBTOTAL • LESS CASH RECEIVED 40 00 • LESS CASH RECEIVED TOTAL DEPOSIT TOTAL DEPOSIT 3. Margo Xavier makes a deposit at an ATM. She has a paycheck for $375.42 and a refund check for $24.95. She would like to receive $45.00 in cash and deposit the remaining amount. What is her total deposit? 4. Nabora Nagamatus deposited a check for $299.45 and a check for $229.52. He received $42.00 in cash. What was his total deposit? 5. Paul and Ann Sherwin deposited their paychecks at an ATM. Their checks were for $375.45 and $614.20. They also had a check from their insurance company for $187.60. They received $500.00 in cash. What was their total deposit? 6. Akiba Ellis deposits the following in her checking account:…
Lor the Cash low Shown, the value of A Cac hen i-15, es. 10000 2 A 0 $1633.9 O $ 26 33.9 eterploolomas.lmg 16 00.9 $43633.9
4G Vo) .l i 15:42 u. ♡ LTE2 7, 15% 40 แบบฝึกหัดท้ายบท 3. H : Required 1. Use the preceding analysis to compute the estimated amount of uncollectible receivables. 2. Prepare the journal entry to record Nana Company estimated uncollectibles, assuming the balance in the Allowance for Doubtful Accounts prior to adjustment is: a. 0 b. $3,000 (Debit) c. $2,800 (Credit) da 8 (Estimating Bad Debts from Receivables Balances) The following information is extracted from the accounting records of the Shelton Corporation at the beginning of 2012: Accounts Receivable $63,000 Allowance for Doubtful Accounts 1,400 (Credit) During 2012 sales on credit amounted to $575,000, $557,400 was collected on outstanding receivables, and $2,600 of receivables were written off as uncollectible. On December 31, 2012, Shelton estimates its bad debts to be 4% of the outstanding gross accounts receivable balance. Required 1. Prepare the journal entry to record Shelton's estimate of bad debt expense for 2012. 2.…
# W 80 F3 3 $ E a ra 4 4 E11:10 130- % E R Less unpre Dr. 2017 June Bank Reconciliatin Statement Add uncredital ding 5 5 Bank Reconciliation Statement as at 2017 June (i) (ii) 1 (iii) T Debit balance $55 Required: 5 Cash 16 Jix 25 Cash 26 Sanuti 30 Cash 6 Balance 1 1 7 9 P & 7 Y T 2016 Y 1,200 660 U $ 2017 June 1,390 2,070 480 200 Bank Statement Question 7 Laura's cash book (bank columns only) for the month of June 2017 was as follows: Cheque No 8 ट 31 July 340 100 updated cash book=110# ( F 1 15 Bal Error corrected - contra 31 May Cheque No: 989 Cash Dawn 10 Banker's Order - Fire Insurance 18 Cheque 18 Terence 27 Cash 29 Cheque 29 Petty Cash 30 Unpaid Cheque - Sanuti 30 Interest on Structural Deposit a/c State the amount for the hol 1 The following bank statement was received in early July 2017: 9 B O Dawn Terence 24 Amy 27 Petty Cash O 4 JL Dr. $ P 991 992 995 999 110 680 919 415 90 480 TC 230 660 1,390 + + 2,070 480 Cr. Balance $ S 114 91% 66 JJ Cr. $ 680 415 4,760 90 1,080 1,310…
K.do?invoker%3D&takeAssignmentSessionLocator%3D&inprogre.. Q e E Téléc.. OSérie Streaming Epi... Brazil vs Ecuador -.. 6 PAPYSTREAMING Fi.. Show Me How reconciliation structions Starting question Chart of Accounts Journal ructions Balance per bank $14,385 Balance per company records 11,200 Bank service charges 09 Deposit in transit 2,125 NSF check 1,480 Outstanding checks 6,850 Required: a. What is the adjusted balaņce on the bank reconciliation? b. On March 1, journalize any necessary entries for Donovan Company based on the bank reconciliation. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered ASUS prt sc sysrq pause break delete insert f10 f12 61 因 | backspace %3D 8. 6. 7.
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