FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

ASAP,Pls Given the cash sales as 4 3 0 0 , credit sales as 1 5 0 0 and the bad debts written off as

ASAP,Pls Given the cash sales as 4300,credit sales as 1500 and the bad debts written off as 408,bad debts recoverd as 65.Cash received for all sales is 4800, allowance for doubtful debt is 2% and provisions for discount allowed is 1%. Prepare trade receivable account .

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

9781285586618

Students also viewed these Accounting questions

Question

Gartner and Wagner (1996) argue that, today, machines take precedence over people in the workplace. Do you think this is true? Why or why not? Reading the original article may help.

Answered: 1 week ago

Question

★★★★★
You are a hospital administrator trying to raise capital to refurbish the hospital. Your local bank is reluctant to lend to you because you already have a large mortgage on the property on which the...

Answered: 1 week ago

Question

★★★★★
Your company is deciding whether to invest in a new machine. The new machine will increase cash flow by $328,000 per year. You believe the technology used in the machine has a 10-year life; in other...

Answered: 1 week ago

Question

★★★★★
You have 3 projects with the following cash flows: (Click on the following icon in order to copy its contents into a spreadsheet.) Year Project 1 Project 2 Project 3 0 - $150 -825 20 1 $20 0 40 2 $40...

Answered: 1 week ago

Question

★★★★★
Question 9 (10 points) Innovative work behavior refers to an "everyday innovation" dependent on the employees' intentional demands. True False

Answered: 1 week ago

Question

★★★★★
we discussed material from the book "Scrum Mastery + Agile Leadership". Specifically, we discussed the "three platinum principles" upon which leadership in Agile is based. These principles include:...

Answered: 1 week ago

Question

★★★★★
Some of the elementary students have had pre-K enrichment and others have not. We notice a possible split based on Type of Neighborhood (urban, suburban, rural) and construct the following...

Answered: 1 week ago

Question

★★★★★
DBG Company has just added a new division in to manufacture specially designed classroom desk to facilitate the use technological devices in schools. It has prepared the following data for the year...

Answered: 1 week ago

Question

★★★★★
Refer to the "Plotting Data" lesson found in the Spring Force chapter of Moodle and plot the "Spring Forces (Hooke's Law)" data on the following graph. Make sure you refer to the table so you graph...

Answered: 1 week ago

Previous Question Next Question