eBook Show Me How Accounts receivable turnover and dayst sales in receivables For two recent years, Robinhood Company reported the following 2019 2018 Sales $7,980,000 $6,670,000 Accounts receivable Beginning of year 610,000 550,000 End of year 590,000 610,000 a. Determine the accounts receivable turnover for 2019 and 2018. Round answers to one decimal place. 2048: 2019 b. Determine the days' sales in receivables for 2049 and 2018. Use 365 days and round all calculations to one decimal place 2018: days 2019: days c. Are the changes in the accounts receivable turnover and days' sales in receivables from 208 to 2019 favorable or unfavorable7 van Check My Wor Entries for Uncollectible Accounts, using in Wolf Method Journalize the following transactions in the accounts of Canyon River Medical Co, a medical equipment company that uses the direct write-off method of accounting for uncol Jan. 19 Sold merchandise on account to Dr. Kyle Norby, $42,300. The cost of goods sold was $22.800. June 2 Received $9,300 from Dr. Kyle Norby and wrote of the remainder owed on the sale of January 19 as uncollectible. Oct. 23 Reinstated the account of Dr. Kyla Norty that had been written off on June 2 and received $33,000 cash in full payment. Tan amount box does not require an entry, leave it blank. Jan. 19-sele Accounting numeric field Jan. 19-cost Hune 2 Oct 23 reinstate ct. 23 collection eBook Show Me How Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $1,243,000 and sales for the year fotal 14,100,000 a. The slowance account before adjustment has a debit balance of $16,800. Bad debt expens is estimated at 3/4 of 1% of sales, D. The allowance account before adjustment has a debit balance of $16,800. An aging of the accounts in the customer indger indicates estimated doubtful accounts of $53,800 c. The allowance account before adjustment has a credit balance of 57,900. Bad debt expense is estimated at 1/4 of 1% of sales d. The allowance account before adjustment has a credit balance of $7,900. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of 165,600. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumption (a through d) listed above 0. Chen Humber Days Past Due Foot Auto Supply distributes new and used automobile parts to focal dealers throughout the Midwest. Toot's credit tormarn/30. As of the end of business on October 1, the long counts were peste Account Due Date Amount Blanche Auto August 14 $12,000 Jales Auto October 5 2.400 Serty Auto Repair June 26 3,900 ky Auto Repair September 6,600 Stop Moto September 23 1,100 Reliable Auto Repair July 2 9,750 et Auto August 26 1,800 Wally Repair Tow May 22 4,000 etermine the number of seach account is past due as of October 31 account Due Date Number of Days Past Due valanche Auto August 14 Auto October 5 Oertly Auto Repair ucky's Auto Repair ed Auto June 26 September September 23 July able Auto Repair The Auto At 26 May 22 Walley Hepair & Tow My Work All work saved Entry for Uncollectie Accounts twee. Is a wholesaler of motorcycle supplies. An aging of the company counts receivable on December 31 and local analysis of the percentage of uncollectie accounts in each age category are given below. Estimated Uncollectible Accounts Percent Balance 5516,000 56,000 25,800 18,600 2 Age Interval Not past due 1-3 days past 31-60 days past due 61-90 days past due 01-180 day past ove Over the days past du Total . Estimated Uncollectible Accounts Amount 53,870 1,136 1,548 3,162 5,236 7,350 322,292 17 13,400 39 75 9,800 56-40,400 Assume that the for outclul count for Outlewice Co had a debit balance of 54,015 M of December 31 Jourrait the adjusting entry for un colectible accounts as of December 31. If an amount to does not require an entry leave it on Dec 31 Check War Als Ema Seveda ST Entries for ad Debit pense under the Doctorana Miho The towing selected transactions were taken from the records of Shway Company for the first year of its operations ending December 31 Apr 13. Wrote off account of Dean Sheppard, 56,970 May 15. Receved $3,490 as partial payment on the $9,270 account of Dan Pyle Wrate of the remaining balance as collectie July 27. located $6,070 from Dean Sheppard, white account had been written off on Apr 13, Reinstated the account and recorded the cash recept Dec 31 Wrote of the following accounts as uncollectible records on your Paul Chapman 54,670 Duane Derosa 3,400 Teresa Galloway 2,000 Emlekat 2,930 Marty Richey 1,050 31. If necessary, record the year and adjusting entry for these accounts i no entry is det er and leave the amount or blank. If an amount box does not require an entry, love it 1. Sourate the actions under the direct write-o hod. Apr 13 May 15 27 De A Ordin ndotinprogre how Me Sathy Cangan net die mense interesenti industry, US Company 19.401,00 A1 Mys Jy2 2 11 De Hochgory Contact me at them? OW Sande Sumt. et/talent and progretut Efect of Dout Account in Net Income During test year of tin, Maumbing Supply Chaco 200.000, w 4,000 of sectitle wing the income, and reported income 30,00 Assume that during the second year of operation Hacks Sports $336,000, 1400 ot accounts in the direct we method and report tuto 7,600 Determine what not income would have been in the woodyear the thing I had been used in both and second years Duter what the back of the nature would have been at the end of the second year neanca method had been trend your heart Dalian CMW BOOK 3 Show Me How Entries for Notes Receivable Valley Designs issued a 90-day, noto for 130,000, doted Apd 2, Bore Company on Soun. Asume 30 days in a year when computing the interest a. Determine the due date of the note b. Determine the maturity value of the note cl. Journalize the entry to record the recente bytok Forture mount to che not require an entry, wave bank c. Journalize the entry to record the receipt of payment of the motorty. Want box does not require an entry, leave it blank