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Hi can someone please help me with these? Number 2 and 12 please The following trial balance of Reese Corp. at December 31. 2014 has
Hi can someone please help me with these? Number 2 and 12 please The following trial balance of Reese Corp. at December 31. 2014 has been properly adjusted except for the income tax expense adjustment. Other financial data for the year ended December 31. 2014: Included in accounts receivable is SI.200.000 due from a customer and payable in quarterly installments of SI50.000. The last payment is due December 29. 2016. Prepare Reese's December 31. 2014 balance sheet, including ending retained earnings. Entries for bad debt expense A trial balance before adjustment included the following: Give journal entries assuming that the estimate of uncollectibles is determined by taking (1) 5% of gross accounts receivable and (2) 1 % of net sales
Hi can someone please help me with these? Number 2 and 12 please
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