HwBr15: Assume that the Allowance has an ending credit Realizable Value of ONLY the Accounts Recelvable? 4 Points 1. Sold goods on account to Beck Company of $80,000. 2 Accepteda$20,000 promissory note from a customer for Doubthul Account balance of $6,000. What is the Net Cash EX3 14: Benson Inc. uses the allowance methed in estimating uneollectible amounts. On December 31 2014, the belance in Accounts Receivabile was $650,000 5% is estimated by management to be uncelectible. The Allowance for Doubtful Account has a beginning debit balance of $3000 What is the adjusting entry to record the estimated Bad Debt Expense? s for the sale of merehandise on aceount. gnore Iterent 3. Sold goods on account to Renner Ine. for $100,000 4. Loaned a company officer $40,000.n A Debt Bad Debit Expense $32,500 and Credit Allowance for Doublful Account $32 500 Deb, Bad Debt Egerne S29,500 and Credt Aimee for A $240,000 $174,000 B. Aocoune $29 c. Debit Bad Det Expense $35,500 and Credt Allowance for C. $228,000 D. $234,000 Aocount $35 Exar1E Hah inc has Accounts recelvable of $117,000 ar March 31, 2017.An analysis of the accounts shows the following HWS1T: McCarter Inc. shows Accounts I Recelvable $95,400. 4 Points Current $15,000 31-90 days $10,000 over 90 days $7,000 There is acondit balance in the Allowance for Doubtful Account e 2,500, What is the Adjunting Joumal Entry to the Bad Debe Expense Debit Bad Debt Expense $8,750 Debit Bad Debt Expense A $11,250 c Debit Bad Debt Expense a Debit Bad Debt Expense A. $6,575 B. $8,675 . $2,100 D $6,675 HW: Bed & Bath Inc. decides to factor S800.000 of its accounts receivable to Acme Financial Corp who assess a service charge of 6% of the accounts receivable sold. What is the amount of the debit entry to Bed & Bath's Cash account? 4 Points HW: INSTRUCTIONS: Use the information recorded in your T Accounts representing the ending balance of the Accounts Receivable account for the Rose Corporation [HW 12). Rose Corporation decided to factor its Accounts Receivable for a 4% fee to the EquaFee Finance Company. 6 Points Prepare the journal entry from the perspective of the Rose Corporation to record the transaction A $848,000 B. $48,000 c. $752,000 D. $800,000 HwBr15: Assume that the Allowance has an ending credit Realizable Value of ONLY the Accounts Recelvable? 4 Points 1. Sold goods on account to Beck Company of $80,000. 2 Accepteda$20,000 promissory note from a customer for Doubthul Account balance of $6,000. What is the Net Cash EX3 14: Benson Inc. uses the allowance methed in estimating uneollectible amounts. On December 31 2014, the belance in Accounts Receivabile was $650,000 5% is estimated by management to be uncelectible. The Allowance for Doubtful Account has a beginning debit balance of $3000 What is the adjusting entry to record the estimated Bad Debt Expense? s for the sale of merehandise on aceount. gnore Iterent 3. Sold goods on account to Renner Ine. for $100,000 4. Loaned a company officer $40,000.n A Debt Bad Debit Expense $32,500 and Credit Allowance for Doublful Account $32 500 Deb, Bad Debt Egerne S29,500 and Credt Aimee for A $240,000 $174,000 B. Aocoune $29 c. Debit Bad Det Expense $35,500 and Credt Allowance for C. $228,000 D. $234,000 Aocount $35 Exar1E Hah inc has Accounts recelvable of $117,000 ar March 31, 2017.An analysis of the accounts shows the following HWS1T: McCarter Inc. shows Accounts I Recelvable $95,400. 4 Points Current $15,000 31-90 days $10,000 over 90 days $7,000 There is acondit balance in the Allowance for Doubtful Account e 2,500, What is the Adjunting Joumal Entry to the Bad Debe Expense Debit Bad Debt Expense $8,750 Debit Bad Debt Expense A $11,250 c Debit Bad Debt Expense a Debit Bad Debt Expense A. $6,575 B. $8,675 . $2,100 D $6,675 HW: Bed & Bath Inc. decides to factor S800.000 of its accounts receivable to Acme Financial Corp who assess a service charge of 6% of the accounts receivable sold. What is the amount of the debit entry to Bed & Bath's Cash account? 4 Points HW: INSTRUCTIONS: Use the information recorded in your T Accounts representing the ending balance of the Accounts Receivable account for the Rose Corporation [HW 12). Rose Corporation decided to factor its Accounts Receivable for a 4% fee to the EquaFee Finance Company. 6 Points Prepare the journal entry from the perspective of the Rose Corporation to record the transaction A $848,000 B. $48,000 c. $752,000 D. $800,000
