ckboard X Remaining Time: 1 hour, 18 minutes, 00 seconds Question Completion Status: Uptown Company uses the direct write al method in accounting for collectionary 11.no Prepare the journal entries of Uptown to record these transactions and its affinuary 11 May Date Account Debit Credit Part B: Allowance Method At each calendar year-end, Smart Company uses the percent of accounts receivable method to estimate bad debes. O Required: Prepare the adjusting entry to record bad debts for year 2019 assuming that before the adjustments the All Date Account Debit Credit AED AED Credit Debit Account Date AED AED b 5. E. T . For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). TT TT Paragraph Arial 7 3 (12pt) X DOO ' . Moving to the next question prevents changes to this answer. Question 2 Cruz Clinic deposits all cash receipts on the day when they are received and makes all cash payments by check. At the dose of business on June 30, 2019, les Cash account a bank reconciliation for Cruz Clinic using the following information: a. Outstanding checks as of June 30 total AED 17820. b. The June 30 bank statement included AED 580 for bank service charges. c. Check No. 919 was correctly drawn for AED 965 in payment of a utility bill on June 15. Cruz Clinic mistakenly recorded it in the amount of AED 569 d. The June 30 cash receipts of AED 22350 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement e. The bank incorrectly added for Cruz company interest revenue of AED 1250 while they should have added it to Curzo Company. f. The bank statement shows a collection of AED 14,500 plus interest of AED 600, and the bank charged a collection fee of AED180. Bank Reconciliation Cash Balance as per Book Cash Balance as per Bank ckboard X Remaining Time: 1 hour, 18 minutes, 00 seconds Question Completion Status: Uptown Company uses the direct write al method in accounting for collectionary 11.no Prepare the journal entries of Uptown to record these transactions and its affinuary 11 May Date Account Debit Credit Part B: Allowance Method At each calendar year-end, Smart Company uses the percent of accounts receivable method to estimate bad debes. O Required: Prepare the adjusting entry to record bad debts for year 2019 assuming that before the adjustments the All Date Account Debit Credit AED AED Credit Debit Account Date AED AED b 5. E. T . For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). TT TT Paragraph Arial 7 3 (12pt) X DOO ' . Moving to the next question prevents changes to this answer. Question 2 Cruz Clinic deposits all cash receipts on the day when they are received and makes all cash payments by check. At the dose of business on June 30, 2019, les Cash account a bank reconciliation for Cruz Clinic using the following information: a. Outstanding checks as of June 30 total AED 17820. b. The June 30 bank statement included AED 580 for bank service charges. c. Check No. 919 was correctly drawn for AED 965 in payment of a utility bill on June 15. Cruz Clinic mistakenly recorded it in the amount of AED 569 d. The June 30 cash receipts of AED 22350 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement e. The bank incorrectly added for Cruz company interest revenue of AED 1250 while they should have added it to Curzo Company. f. The bank statement shows a collection of AED 14,500 plus interest of AED 600, and the bank charged a collection fee of AED180. Bank Reconciliation Cash Balance as per Book Cash Balance as per Bank
