2 - Liberation Sans - 11AA BIU...A. General Cut b Copy - *Format Painter Cipboard Wrap Text Merge & Center - ste $. % Font Alignment Number 136 fo D G H Prepare the following ournal entries (a) Assume that Coral Company on February 1, 2018, sels merchandise on account to Mombres Company for $5,500, terms 3:15, 1/60, FOB Destination On February 10, Mombres Company retums merchandise worth $1,700 to Coral Company On February 15, 2017, Coral Company receives payment from Membres Company for the balance due Vokie 14 pts 0 (0) Journalize the transactions 11 32 1901-tob Account Account Value Vale 16 17 10 Account Vallje Account 12 Value 20 21 15 Account Valu 22 Account Value Account Value 24 25 Prepare the following ournal ones 26 (1) On March 1 assume that Flor's Company made a credit sale for $3,000 on account to Maryland Company 27 28 On March 15 Floral Company received the amount of $1,500 of the credit sales 30 On March 30, Maryland Company have liquidity problems and Flora's Company estimate that $1.500 to be uncotech 31 32 On Art Flora's Company made a write-off of uncollectible account for $1.500 Chapter Escribe aqui para buscar lije EL Merge & Center Format Painter Clipboard Font Alignment B136 fi 34 D E . - Prepare the following journal entries 26 () On March 1, assume that Flora's Company made a credit sale for $3,000 on account to Maryland Company 21 On March 15, Floral Company received the amount of $1,500 of the credit sales 29 On March 30, Maryland Company have liquidity problems and Fioras Company estimate that $1.500 to be unicolectible On Apr 5, Flora's Company made a write-off of uncollectible account for $1.500 On April 30, recovery of an uncollectible account in the allowance method, if Maryland Company pays the $1,500 that was written off 35 prepare the journal entry or entries 36 197 Value 24 pts 38 b) Joumalize the transactions 40 41 Om Account Value Account Value 44 45 15 Account Vue 25 Account Value AT 40 30 Account Value 49 Account Value 90 SL 05- Account Account Vape 51 30 Account ACCOUNT Value 56 ST Account Value 30 Account VaR Value 11 Blo Percentage of sales to estimate the colecible amount Chapter 9 O Escribe aqui para buscar O A lip File Home Insert Page Layout Formulas Data Review View Help Tell me what you want to do Liberation Sans - - A = Paste X Cut Copy - Format Painter pboard General BTV - - Wrap Text Merge a Center $ - % Font Alignment B136 Number D M 61 2) Percentage of sales to estimate the collectible amount Assume that Company A elects to use the percentage of sales sis conclude that of the create uncoble it the credit sales for 2017 are $1.350.000 prepare the appropriate journey 54 51 V4 67 (c) oumaun the transactions 09 19 71 Acco 72 750) Assume that you are using the age of account to estimate the amount of bad de prepare the distingen using the Wowing whommation number of days Account percentage of outstanding Recevable wote 0.30 $80,000.00 25 31-60 550.000.00 3 61 90 545,000.00 4% 91120 $25.000.00 3% o 120 $18,000.00 115 the account of lowance of Double Account create of $500000 the account of one of the Account have a doit une of 1.500 Jo the actions 0 Account VARRO Chapter 9 Escribe aqui para buscar O B136 f el C D G 13 Brezore the following ournal entries 74 Assume that you are using the aging of account receivable to estimate the amount of bad debt, prepare the adjusting entry using the following information number of days Account percentage of outstanding Receivable uncollectible TB 0.30 $80,000.00 29 31-60 $50,000.00 39 30 61-90 $45,000.00 4% 81 91 - 120 $25,000.00 8% 82 over 120 $10.000.00 11% 50 84 it the account of Allowance of Doubtful Account have a credit balance of $5.000.00 85 If the account of Allowance of Doubtful Account have a dedit balance of $1,500.00 Value 8 pls Va Value 90. (d) Joumalize the transactions 91 Account Value Account Value 94 Account 95 ACCOUNT ST 98 99 Prepare the fog malentes 100 101) Assume that company factors $800.000 of recevable to Factors D Factors assesses a service charge 00 of 4 of the amount of receivable sold The journal entry to record the sale should be? 12 194 Value 109 Journane me transactions 102 ACCOUNT Ve 109 Account Value Chapter 9 Escribe aqui para buscar O RE Alignm 3136 D E G H Assume thacComparwfactors 1800.000 of receivable to Factor Factors assesses a service charge 4.5% of the amount of receivable sold The journalenhy to record the sale should be? Value 6 pts bol Journalize the transactions Account Account Account Value Value Value Erage thelles Assume that you purchases $5,000 TV for your house from Sears using your American Express American Express charges arervice fee of 5% Make the journal entry that Sears should made to record this transaction Value 6 pts Journalize the transactions Account Account Account Value Value Value Prapancharamala 19 Mona wrote a $7.500, four month, 15% promissory note dated May 1to settle a open account. Prepare the entry tha Mona would makes for the receipt of the note On September 1, prepare the journal entry Mona receives the payment of the note, at payment date (Honor ola note receivable on September 1 Mona does not receives the payment of the note, ayment date. Dishonor of a not receivable Value 15 pts NOTE Enter number in cells requesting a value: enter either a number of a formula in cells with a "?". #10 Account Accoun Value Val Value 1000 Account Accoun Accou Value Vue VARU 0:00 Account Accoun Account Value Vakte Chapter 9 + O Escribe aqu para buscar