Assignment (Chapter 6-9)
Chrome File Edit View History Bookmarks Profiles Tab Window Help Fri 10:18 PM Q DE ... Bb Lessons / Assignments - 20215 X CengageNOWv2 | Online teach x Course Hero X + C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false F. Paused ... Exam 2 (Chapters 6 - 9) Consider the following information taken from the cash account. Assume cash payments were 80% of collections. ? 1. MC.08.75 Cash 2. MC.06.89 ?? Beginning balance 3. MC.08.72 $115,375 Deposits ? ? Checks 4. MC.06.95 $80,275 Ending balance 5. MC.06.122 How much was the beginning balance of the cash account? Oa. $35,100 6. MC.08.81 Ob. $57,200 7. MC.09.87 Oc. $103,350 Od. $92,300 8. MC.09.61 9. MC.07.66 10. MC.07.95 11. MC.06.143 12. MC.08.64 13. MC.09.85.ALGO 14. MC.09.112.ALGO Progress: 3/55 items Previous Next Time Remaining: 1:36:18 Email Instructor Submit Test for Grading 4 W XChrome File Edit View History Bookmarks Profiles Tab Window Help Fri 10:18 PM Q DE ... Bb Lessons / Assignments - 20215 X CengageNOWv2 | Online teach X Course Hero X + C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Paused ... Exam 2 (Chapters 6 - 9) Jefferson uses the percent of sales method of estimating uncollectible receivables. Based on past history, 2% of credit sales are expected to be uncollectible. Sales for the ? 1. MC.08.75 current year are $5,550,000. Which of the following is correct regarding the entry to record estimated uncollectible receivables? 2. MC.06.89 Oa. Accounts Receivable will be debited. Ob. Bad Debt Expense will be credited. 3. MC.08.72 Oc. Allowance for Doubtful Accounts will be credited. Od. Cash will be debited. 4. MC.06.95 5. MC.06.122 6. MC.08.81 7. MC.09.87 8. MC.09.61 9. MC.07.66 10. MC.07.95 11. MC.06.143 12. MC.08.64 13. MC.09.85.ALGO 14. MC.09. 112.ALGO Progress: 7/55 items Previous Next Time Remaining: 1:36:10 Email Instructor Submit Test for Grading 4 W XChrome File Edit View History Bookmarks Profiles Tab Window Help Fri 10:19 PM Q DE ... Bb Lessons / Assignments - 20215 X CengageNOWv2 | Online teach x Course Hero X + C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Paused ... Exam 2 (Chapters 6 - 9) 1. MC.08.75 At the beginning of the year, the balance in Allowance for Doubtful Accounts is a credit of $764. During the year, previously written off accounts of $131 are reinstated ? and accounts totaling $734 are written off as uncollectible. The end-of-year balance (before adjustment) in Allowance for Doubtful Accounts should be 2. MC.06.89 Oa. $161 Ob. $734 3. MC.08.72 Oc. $131 Od. $764 4. MC.06.95 5. MC.06.122 6. MC.08.81 7. MC.09.87 8. MC.09.61 9. MC.07.66 10. MC.07.95 11. MC.06.143 12. MC.08.64 13. MC.09.85.ALGO 14. MC.09. 112.ALGO Progress: 13/55 items Previous Next Time Remaining: 1:36:00 Email Instructor Submit Test for Grading W XChrome File Edit View History Bookmarks Profiles Tab Window Help Fri 10:19 PM Q DE ... Bb Lessons / Assignments - 20215 X CengageNOWv2 | Online teach X Course Hero X + C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Paused ... Exam 2 (Chapters 6 - 9) ? 1. MC.08.75 On October 1, Black Company receives a 10% interest-bearing note from Reese Company to settle a $23,000 account receivable. The note is due in six months. At December 31, Black should record interest revenue of 2. MC.06.89 Oa. $572 Ob. $575 3. MC.08.72 Oc. $582 Od. $585 4. MC.06.95 5. MC.06.122 6. MC.08.81 7. MC.09.87 8. MC.09.61 9. MC.07.66 10. MC.07.95 11. MC.06.143 12. MC.08.64 13. MC.09.85.ALGO 14. MC.09. Progress: 14/55 items Previous Time Remaining: 1:35:54 Email Instructor Sub W XChrome File Edit View History Bookmarks Profiles Tab Window Help OFri 10:19 PM Q DE ... Bb Lessons / Assignments - 20215 X CengageNOWv2 | Online teach x Course Hero X + v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Paused ... Exam 2 (Chapters 6 - 9) 2. IVIC.UO.by Merchandise is purchased for $5,400 on September 2 subject to terms of 2/10, n/30, FOB destination. What is the cost of the merchandise if paid on September 12, ? 3. MC.08.72 assuming the discount is taken? Oa. $5,184 4. MC.06.95 Ob. $5,513 5. MC.06.122 Oc. $5,292 Od. $5,621 6. MC.08.81 7. MC.09.87 8. MC.09.61 9. MC.07.66 10. MC.07.95 11. MC.06.1 12. MC.08.64 13. MC.09.85.ALGO 14. MC.09. 112.ALGO 15. MC.08.83 16. MC.06. 130.ALGO Progress: 16/55 items Previous Next Time Remaining: 1:35:45 Email Instructor Submit Test for Grading W X
