Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

e in and a $5.500 rebalance in Allowance for Den Dung Semero m e On August 31, 2018 Por ada 100.000 db b S on

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
e in and a $5.500 rebalance in Allowance for Den Dung Semero m e On August 31, 2018 Por ada 100.000 db b S on 5550.000 ore Cost of Goods Sold Colections on C M D00 Wirts of unco v 1000 Read the mourements for Badeband Bad Date Expense Requirement 1. Journaize all September in the allowance method. Bad Debts Expense was estimated at 25% of credit sales Show all Selber activity in Accounts Receivati. A posto Taccount) Begin by Jumalang Septemberantes using the allowance method (Record debits first, then credits Select the explanation on the last line of the journal entry table) Sales on count 000 ignore Cost f oto Account and Explanation Debit Credit Requirements 1. Jourmare al September wing the method Blad been was estmed 2 d o Show September avty in Accounts Receivabi Alowance for Bad Bad Dobis per these 2. Using the same facts that housede direct we omaped to count for uncocte recevaisuma p rasanger of method Posto A rte Received Empress and the balance are Collections on wount, 4000 Account and Explanation What amount of Bad Expose w o rton Series under each of the two methods which amount beter a s een ve What amount of m o r e report on Sepeter0.2016 hance sheet under each of the methode? Wich amount is more Give your Chomnyo u bin the outs and continue to the gestion lei Accu Rece and a 5.000 credit balance in Allowance for Badets During Sumber Bouma On August 31, 2018 Bow l Suhada $140.000 de Sales on cont r e Cout of Good Bold . Collections on account 584.000 . Wote of corect 4.000 Read the Postal September entries in the appropriate accounts and the ending bange in each contr e beginning balance The post the a ctions and the cou n ce September 30, 2018) ng there wo od Polos Macavate and Bad Datta Requirement 2. Uang ne same me that used edredwie oft method to account for collectie met Journal September Expense and other balances at Saber , 2018 Begin by maling pambansang new method Record and Select the other the Sales on t i Coat of Good y Accounts and planten Corumaya yuboris things and the cores the station Bad Debis. During September Bouquet made On August 31, 2016. Bo l o Supply had a $140.000 debt blance in Account Recoratie and a 55.600 Cred Sales on account. $550.000. Ignore Cost of Goods Sold Collections on account 5584 000 teos of uncollectible recev 14.000 Renderments Sales on account, 5550,000. Ignore Coal of Goods Sold Accounts and Explanation Debit Collections on court. 5584,000 Dabi Crete c ties, 14.000 Whos fun Date Accounts and explanation Debit Credit Choose from wystorante a rumber in the outs and then continue to the next question 800 haline Bad Oes During terbaru made On Aug 31, 2011. Bo y a 140 000 debt tance in Account Sales on 550.000 ore Cost of Good Sold - Collection 4.000 We of Unc a tes 54.000 Read the ques ? Which Regn . What amount Bad Data Expe r tr a munt of bad report on Income Sitems Para A nte Mehed Dec t on S c reener under eth of them 30, 2018 income under of the m ods . c hed i counce Batter Requirement What Externet of nature er would b on when on Sep e the recorded 04, b eheerder scheme Give your reason the amount of ba r ow was the hehe Balance Sheet Partia VON A be shown to the receber received the Ch r istorant numbers and then to the nation On August 31, 2018, Bouquet Floral Supply had a $140,000 debt balance in Accounts Receivable and a $5.600 credit balance in Allowance for Bad Debts. During September, Bouquet made Sales on account, 5550.000. Ignore Cost of Goods Sold Collections on account, $584,000 .Write-offs of uncollectible receivables, $4,000 Read the requirements Requirement 1. Journalize all September entries using the alowance method. Bad Debts Expense was estimated at 2% of credit sales. Show all September activity in Accounts Receivable, Allow (post to these T-accounts) Begin by journalizing al September entries using the allowance method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Sales on account, $550,000. Ignore Cost of Goods Sold. Date Accounts and Explanation Debit Credit Sep 30 Accounts Receivable Allowance for Bad Debts Bad Debts Expense Cash Collections: Sales Revenue Accounts and Explanation Debit Date Credit Sep 30 Choose from any list or enter any number in the input fields and then continue to the next question qust 31, 2018, Bouquet Floral Supply had a $140,000 debit balance in Accounts Receivable and a $ s on account, $550,000. Ignore Cost of Goods Sold. ections on account, $584,000. e-offs of uncollectible receivables, $4,000. the requirements rement 1. Journalize all September entries using the allowance method. Bad Debts Expense was es these T-accounts). by journalizing all September entries using the allowance method. (Record debits first, then credits. on account, $550,000. Ignore Cost of Goods Sold. Accounts and Explanation Debit Credit ctions ute Debit Credit .30 Collected cash on account. Record sales for the month. Recorded bad debts expense for the period. Reinstated previously written off account. Wrote off uncollectible accounts. se from any list or enter any number in the input fields and then continue to the next

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions