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i have two questions thst been having trouble with. Is there an expert in Accounting that can help me. Flameon, a merchandiser of motion activated
i have two questions thst been having trouble with. Is there an expert in Accounting that
Flameon, a merchandiser of motion activated candles, has the following activity for the month: - $850 of inventory purchases from supplier, terms are 4/15,n/30, FOB Shipping Point and freight costs are $60. - A return of $125 of merchandise is made to supplier. - Payment to supplier is made within the discount period. Given this information, what is the ending inventory balance for Flameon? $ Show your work: 3.) In 2022, Regina Company had net credit sales of $1,150,000. On January 1, 2022, the Allowance for Doubtful Accounts account had a credit balance of $8,000. During 2022 , $28,000 of uncollectible accounts were written off. Past experience indicates that 3% of net credit sales become uncollectible. What should be the final balance in the Allowance for Doubtful Accounts account at December 31,2022 ? $ can help me.
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