Chapter 9 Quiz

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( C I 9 Secure hpsnewconnect.mheducationcoml'flnwiconnecl.html Q 311" e 5 Gule 0 see: Help Sena elm Subvnll check my walk 5 Followlng are selected Iransacons of Danlca Company for 2016. DEC. 13 accepted a 525,000, ISdly, an note dated Decmher 1.3 in granting air-nee me a tile extension on he: platdue aeceum: receivable. 31 Prepared an adjusting entry to meal the accrued ineezeat an the Lee note. Pl 1 m Complete the table to calculate the Interest amounts at December 3151ancl use the calculated value to prepare yourJournal entrles. {Do not round your lnhermedlare calculations. Use 360 days a green: Mali-henna\" hm-um-mwmhnhhhhu. Interest General I Arr-aunts )nurnal Us: the ulcullted value in prepare ymr journal antrles. mum- Journal Entry Worksheet 0 Record acceptance nfa $25,000, 45-day, 3% note dated December 13 In { granting Muanda Lee a tlrne extension on her pat-due account receivable. ' Dec 13. 2016 'Enler debits before credits E] E1 ( Prev 5 of 5 Next ( C I 9 Secure hpsnewconnect.mheducationeoml'flnwlconnecl.htrnl Q {7| 8 E Gule 0 see: Help San-sen: Submll check my walk 5 Follow1ng are selected Iransacoms of Danlca Compamy for 2016. DEC. 13 accepted a 525,000, ISdly, BI note dated December 1.3 in granting air-nee Lee a tile extaneien on he: platdue aeceum: receivable. _ 31 Prepared an adjusting entry to realm-1 the accrued ineezeat en the Lee note. E! Pl 1 m Complete thetableln calculate the Interest amounts at December 3151 and use the calculated value to prepare yourJournal entr1es. {Do not round your lnhermedlaie calculations. Use 360 days a seam Mali-henna\" hm-um-mwmhnhhhhu. Interest General I Arr-aunts )uurnal Us: the ulcullted value in prepare ymr journal erltrles. mu-um- Journal Entry Worksheet 0 i] 3 Prepare an adjusting entry to record the aecmed Interest on the Lee note. i h Dec 31 . 2016 'Enlzr debits before credits E] E1 Next ( Prev 5uf5 ( C I 9 Secure hpswnewconnect.mheducationcoml'flnwiconnecl.html Q {TI 3 5 Gule 0 see: Help Sena em Submll check my walk Followlng are selected Iransacoms of Danlca Compamy for 2016. DEC. 13 accepted a 525,000, ISdly, an me dated December 1.3 in granting air-nee nee a tile extaneinn on he: platdue aeceum: receivable. 31 Prepared an adjusting entry to meal the accrued inaezeat en the Lee note. a I Ml Complete the table to calculate the Interest amounts at December 3151ancl use the calculated value to prepare yourJournal entrles. {Do not round your lnhermelale calculations. Use 360 days a green: Mali-banana\" hm-um-mwmhnhhhhu. lnberest General Arr-Junls I Jeumal I Cnmphh the tablet: alculate the Interest alnnunls at December 313'. Pmclpll Rm H} Tlmo MI mm\" E] 11] ( Prev 5 of 5 Next ( C I 9 Secure hpswnewcanneal.mheducationeomf'flnwiconnem.htrm Q 311" e 5 Guts 0 seed Help Sena an Submit check my walk @ \"'m Preparejournm entrles to record the above se'ected transactions of Dexter. Dexter Company applles the direct wrlteo melhod In accounting for uncollectlble accounts. latch 11 Dexter determines that it came: ceuee: 59,300 of .'LEE accounts receivable from ice eueremer Leer Compeny. 29 Lee: Cellpany unexpectedly peye its meant 111 full. te Dexter Company. Dexter receree its receuery of this bed debt. Journal Entry Work-heat El [2] [5] | Record write off of Leer Company account. March 11 l'Enler debit: before Credits 13 (E) ( Prev ll of 5 Next ) ( C I 9 Secure hpsnewconnect.mheducationcomf'flnwiconnem.htrm Q 311" e 5 cats 0 Sunni Help Sana Exit Submit check my walk Dexter Company applles the direct wrlteo method In accounting for uncollectlble accounts. latch 11 Dexter determines mm. it came: ceuee: 59,300 of us accaunre receivable from ice cueremer Leer Company. 29 Leer Company unexpectedly pays its account 111 full. to Dexter Company. Dexter recur-as its receuery of this ban @ dabt. \"'m Preparejourna' entrles to record the above se'ected transactions ofDexter. :F: mamm- Journal Entry Worksheet O 3 E E] Record the reinstatement of an account prev-intent wntten o'. u M29 *Enllr debits before credits (I; E] ( Prev ll of 5 Next ) ( C I 9 Secure hpswnewconnect.mheducationeomf'flnwiconnem.htrm Q 311" e 5 cats 0 Sunni Help Sana Exit Submit check my walk Dexter Company applles the direct wrlteo method In accounting for uncollectlble accounts. latch 11 Dexter determines mm. it came: ceuee: 59,300 of us accaunre receivable from ice cueremer Leer Company. 29 Leer Company unexpectedly pays its account 111 full. to Dexter Company. Dexter recur-as its receuery of this bed a debt. \"'m Preparejourna' entrles to record the above smeared transactions ofDexter. WWW\" Journal Entry Worksheet O 3 [2] El Record the cash received on account. 4 P M29 *Enllr debits before credits (I; E] ( Prev ll of 5 Next ) ( C I 9 Secure hpsnewconnect.mheducation.com,l'flnwiconnec1.htrnl Q 311" e 5 Gule 0 Sang! Help Sana Exll Submll check my walk 3 Levine Company uses lhe perpetual lnventory system and allows cusmmers to use two credl'l cards ln charglng purchases. mm The Sunuusr. Bank Card, a 4% servlce charge [or credll cam sales ls assesseli The second credll card that Levine accepts ls the Contlnental Card. Contlnental assesses a 2.5% charge on sales for uslng l'ls cant @ Apr. 3 Sold memhandiae for 51,100 [that had cost. 53.030) and accepted ehe cuetumez'a Buntnlet Ben]: eazd. mm 12 Sold merchandise fur ammo [that had cost. $4,141) and acmpted the cuetmnaz'a Cuntinental Card. Preparejournal entrles to record the above selected credlt card transacuons of Levlne Company-l (Round your answers home nearest whole dollar amount.) Plll'll \"'WMW' Journal Entry Work-heat (:3 Sold merchandlse for $4,100 and accepted the customer's Sunu'ust Bank 'I Card. ' harm 'Enlnr deb\": belnre credits 1} E1 ( Prev 3 of 5 Next ) ( C I 9 Secure hpsnewconnect.mheducation.com,l'flnwiconnec1.htrnl Q 311" e 5 Sang! Help SIIII 3 Earl! Subvllll check my walk 011129 0 3 Levine Company uses lhe perpetual lnventory system and allows cusmmers to use two credl'l cards ln charglng purchases. mm The Sunuusr. Bank Card, a 4% servlce charge [or credll cam sales ls assesseli The second credll card that Levine accepts ls the Contlnental Card. Contlnental assesses a 2.5% charge on sales for uslng l'ls cant a sum memhandiae for 51,100 [that had cost. 53.930) and accepted ehe cuetmnez'a Buntnlet Bank eazd. Apr. g 12 Sold merchandise fur :5, ma [that had cost. $4, 141) and acmpted the cuetunlaz ' e Cuntinental Card. Preparejournal entrles to record the above selected credlt card transacuons of Levlne Company-e (Round your answers home nearest [5 whole dollar amount.) Pllrll mamm- Journal Entry Worksheet 0 3 E [E] E] | Record the cost of goods sold. 53,031]. AplDG l'Entuer deb\": before credits (I) E] ( Prev 3 of 5 Next ) ales ( C I 9 Secure hpsd,' new:onnect.mheducation.com,l'flnwiconnec1.htrnl Gule 0 Sang! Help Sana Exll Submll 3 Levine Company uses lhe perpetual lnventory system and allows cusmmers to use two credl'l cards ln charglng purchases. mm The Sunuusr. Bank Card, a 4% servlce charge [or credll cam sales ls assesseli The second credll card that Levine accepts ls the Contlnental Card. Contlnental assesses a 2.5% charge on sales for uslng l'ls cani a sum memhandiae for 51,100 [that had cost. 53.930) and accepted ehe cuetmnez'a Buntnlet Bank eazd. Apr. g 12 Sold merchandise fur :5, ma [that had cost. $4, 141) and acmpted the cuetunlaz ' e Cuntinental Card. Preparejournal entrles to record the above selected credlt card transacuons of Levlne Company-e (Round your answers home nearest [5 whole dollar amount.) Pllrll mamm- Journal Entry Worksheet 0 [2] El E1 Sold rnelchandlse for $6,400 and accepted the customer's Cnntlnemal { Card. Apnz l'Entuer deb\": before credits (I) E] Next ) ( Prev Suf ( C I 9 Secure hpsd,' new:onnect.mheducation.com,l'flnwiconnec1.htrnl Q 317 I Q E Gule 0 Sang! Help Sana Exll Submll 3 Levine Company uses lhe perpetual lnventory system and allows cusmmers to use two credl'l cards ln charglng purchases. mm The Sunuusr. Bank Card, a 4% servlce charge [or credll cam sales ls assesseli The second credll card that Levine accepts ls the Contlnental Card. Contlnental assesses a 2.5% charge on sales for uslng l'ls cani a sum memhandiae for 51,100 [that had cost. 53.930) and accepted ehe cuetmnez'a Buntnlet Bank eazd. Apr. g 12 Sold merchandise fur :5, ma [that had cost. $4, 141) and acmpted the cuetunlaz ' e Cuntinental Card. Preparejournal entrles to record the above selected credlt card transacuons of Levlne Company-e (Round your answers home nearest [5 whole dollar amount.) Pllrll mamm- Journal Entry Worksheet 0 [2] [E] El | Record the cost of goods sold. 54,147. Apnz l'Entuer deb\": before credits (I) E] ( Prev 3 of 5 Next ) ( C I 9 Secure hpswnmonnect.mheducationrmrnf'flnwiconneci.htrm Qle o o o {:11er 2 PMZOIZ Requlrud Information [The faowfng anomatlon applies In the ques'ans dispiadbetmj Vall Company recorded the foliowlng se'ected transactions dung November Current Year. luv. 5 nmuunta receivableski Shag Ella: in nncnuntu naaaivablewelaame Enterprises Sula: 1.3 mnunta maivablBZil Nauru Sales 21 Sales Returns and hllmaucaa Amounts HEEEiVahlaia Nauru 2W manta ReceivableSki. Shop Sale: 2. Prepare a schedule of accounts recelvable. Total 3 {I hqht 4,n59 2,997 1,157 453 6,2l8 credit 1,069 2,99? 1,15? :53 6,213 Hulp Sun-8 Exll Submit check my wall: ( C I 9 Secure hpswnewconnecl.mheducationnoml'flnwiconnecl.html Q 311" e 5 Gule 0 Sula] Hulp 5.\": an Submll check my walk Raqulrad infomaon Pen 1 of 2 [The foowlng information appes In the ques'ans displayedbel'omj Vall Company recorded the followlng selected lransacons dung November Current Year. Ma Gaunt-1 Journal habit email: a How. 5 Bmuunts receivableSki Slang 4,n59 mm 5.1m: 1,059 _ ill mun\" Receivableelame Enterprises 2,997 [5 Salsa 2.99? mm: 1.: mutant: Receivable1i: nun 1,157 Salsa 1,157 21 Sales Returns and hllmancaa 453 Amounts Receivable3L! nun :53 :m mutants Receivableski. Shop 6.2\"; Sale: 6,213 1. Prepare a general ledger havlng Taccou ms for Accou ms Recelva ble, Sales, and Sales Returns and Allowances. Post these entries to mm the general ledger and the accounts receivable ledger. End.\" D 0 Ends! 0 D Prev 12 cuts ( 9 C I 9 Secure hpsznewconnect.mheducetion.noml'flnwiconnecl.htrnl Q 311" e 5 Guizs 0 Sula] Hulp Sun-a em Submll check my walk 1 30 Amount: ReceivableSki. Shop 6,)\"; Ellen 6,213 m 1 of 2 1. Prepare a general ledger havlng T-aocmmts for Accounts Recelve ale, Sales, and Sales Returns and Allnwances. Past these entries to Dam The general ledger and the accounts receivable ledger. E9 Endd D 0 Ends: 0 D Endd D 0 Ends: 0 D E1163! 0 0 E1153! 0 0 Prev I1 2|af5 Nerl)