chapter 9 homework

Save Homework: Chapter 9 Homework Score: 0 of 1 pt 4 1 of 3 (0 complete) E9-21 (similar to) HW Score: 0%, 0 of 3 pts Question Help During August 2018, Link Company recorded the following Sales of $29,100 (522,000 on account, $7.100 for cash) Ignore Cost of Goods Sold. Collections on account, $8.700. Write offs of uncollectible receivables, 51,760 Recovery of receivable previously written off $200 Requirements 1. Journalve Link's transactions during August 2018, assuming Link uses the direct write-off method 2. Journalize Link's transactions during August 2018, assuming Link uses the allowance method Requirement 1. Journalize Link's transactions during August 2018, assuming Link uses the drect write-off method Sales of $20.000 (522.000 on account 57.100 for cash) ignore Cost of Goods Sold (Record debitsfest, then credits Select the explanation on the last line of the journal entry table Prepare a single compound journal entry) Date Accounts and Explanation Credit Choose from any list or enter any number in the input fields and then click Check Answer o parts remaining Clear All Check Answer Type here to search OPIS 7:50 PM Save Homework: Chapter 9 Homework Score: 0 of 1 pt 2013 (0 complete) P9-31A (similar to) HW Score: 0%, 0 of 3 pts Question Help New Style Reiner Chairs completed the following selected transactions (Click the icon to view the transactions.) Record the transactions in the journal of New Style Reciner Chairs. Explanations are not required (Round to the nearest dollar) (Record debits first, then credits Exclude explanahons from oualitas Fornos stated in days, use a 365 day year) Begin with the transactions for 2018 Ju 1 Sold inventory to Gray Mart receiving a $45000 nine-month 8% note. Ignore Cost of Goods Sold Date Debit Credit 2018 Choose from any list of enter any number in the input fields and then click Check Answer 9 ming Gear A Check Answer Type here to search o At 7:52 PM La 2018 Jul. 1 Sold merchandise inventory to Gray Mart, receiving a $45,000, nine-month, 8% note. Ignore Cost of Goods Sold. Oct. 31 Recorded cash sales for the period of $19,000. Ignore Cost of Goods Sold Dec. 31 Made an adjusting entry to accrue interest on the Gray Mart note. 31 Made an adjusting entry to record bad debt expense based on an aging of accounts receivable. The aging schedule shows that $14,200 of accounts receivable will not be collected. Prior to this adjustment, the credit balance in Allowance for Bad Debts is $11,200. 2019 Apr. 1 Collected the maturity value of the Gray Mart note. Jun 23 Sold merchandise inventory to Artist, Corp., receiving a 60-day, 9% note for $8.000. Ignore Cost of Goods Sold. Aug. 22 Artist Corp. dishonored its note at maturity, the business converted the maturity value of the note to an account receivable. Nov. 16 Loaned $20,000 cash to Crenshaw, Inc., receiving a 90-day, 14% note. Dec. 5 Collected in full on account from Artist, Corp. 31 Accrued the interest on the Crenshaw, Inc. note. Col 20 Mor Homework: Chapter 9 Homework Save 3 of 3 (0 complete) Score: 0 of 1 pt P9-34A (similar to) HW Score: 0%, 0 of 3 pts Question Help The comparative financial statements of Northend Cosmetic Supply for 2018, 2017 and 2016 include the data shown here: (Click the icon to view the comparative financial data) Read the requirements Requirement 1a Compute the acid test ratio for 2018 and 2017 (Round to two decimals (Abbreviations used: Cash investments Round the acid test ratios to two decimals, XXX) Cash including cash equivalents, ST invest = short-term Acid test ratio 2018 2017 Choose from any list or enter any number in the input fields and then click Check Answer. 5 parts 5 remaining Clear All Check Answer Type here to search 7:54 PM 22/1/2019 2018 2017 2016 $ Balance sheet-partial Current Assets Cash Short-term Investments Accounts Receivable Net Merchandise Inventory 95,000 $ 125.000 265,000 50,000 $ 140 000 255,000 315.000 15,000 55,000 145,000 240.000 280.000 40.000 345,000 60.000 890.000 Prepaid Expenses Total Current Assets Total Current Liabilities Income statement-partial Net Sales (all on account) 775 000 600,000 760.000 625.000 530.000 5 820.000 5.120.000 4 260,000