ASSIGNMENT RESOURCES Che WW2 Graham Aadat Lovel Submission! Problem -02A (Part Level Submission Problem 8-02A (Part Level Submission) At December 31, 2021, Oriole Imports reported this information on its balance sheet. Review Score Review Results by Study Objective Mobile Site Accounts receivable Less: Allowance for doubtful accounts $612,000 37,500 During 2022, the company had the following transactions related to receivables. 1. Sales on account 2. Sales returns and allowances 3. Collections of accounts receivable 4. Write-offs of accounts receivable deemed uncollectible 5. Recovery of bad debts previously written off as uncollectible $2,740,000 55,000 2,440,000 42,000 21,000 (a) (b) (di) * Your answer is incorrect. Try again. Compute the accounts receivable turnover. (Round answer to 1 decimal place, e.g. 12.4.) Accounts receivable turnover T 8 15000 times Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 1 of 3 used SAVE FOR LATER SUBMIT ANSWER 07 Earn Maximum Points available only if you answer this question correctly in two attempts or less Bramble Corp. receives a $12500, 6-month, 10% promissory note from Sheffield Corp. in settlement of an open accounts receivable. What entry will Bramble Corp. make upon receiving the note? 13125 Multiple Choice Question 121 Multiple Choice Question 105 Multiple Choice Question 79 Multiple Choice Question 68 Multiple Choice Question 81 Multiple Choice Question 150 Multiple Choice Question 142 Multiple Choice Question 171 Multiple Choice Question 120 O Notes Receivable Accounts Receivable-Sheffield Corp. 13125 13125 Notes Receivable Accounts Receivable-Sheffield Corp. 12500 625 Interest Revenue Notes Receivable 12500 Interest Receivable 625 Accounts Receivable-Sheffield Corp. Review Score Review Results by Study Objective Mobile Site 12500 625 Interest Revenue Notes Receivable 12500 Accounts Receivable-Sheffield Corp. 12500 Click if you would like to Show Work for this question: Open Show Work Net credit sales for the month are $930000. The accounts receivable balance is $170000. The allowance is calculated as 10% of the receivables balance using the percentage-of-receivables basis. If the Allowance for Doubtful Accounts has a credit balance of $5600 before adjustment, what is the balance after adjustment? $17560 $22600 O $17000 $11400 Click if you would like to Show Work for this question: Open Show Work
