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I made a mistake on account recievable on 3a. and 3b what else should i put rather than other expense. thanks in advance. 3-a. Show
I made a mistake on account recievable on 3a. and 3b what else should i put rather than other expense. thanks in advance.
3-a. Show how OOl would report its accounts receivable on its June 30 balance sheet. Answer is complete but not entirely correct. OKAY OPTICAL, INC Balance Sheet (partial) At June 30 $ 33,000 (1,600) s 31,400 Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 3-b. What amounts would be reported on an income statement prepared for the six-month peri June 30? Answer is complete but not entirely correct. OKAY OPTICAL, INC Income Statement (partial) For the Six Months Ended June 30 Sales Revenue Cost of Goods Sold Gross Profit Other Expenses Bad Debt Expense Income from Operations $ 33,000 o 19,000 01 14,000 1.600 S 12 400 3-a. Show how OOl would report its accounts receivable on its June 30 balance sheet. Answer is complete but not entirely correct. OKAY OPTICAL, INC Balance Sheet (partial) At June 30 $ 33,000 (1,600) s 31,400 Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 3-b. What amounts would be reported on an income statement prepared for the six-month peri June 30? Answer is complete but not entirely correct. OKAY OPTICAL, INC Income Statement (partial) For the Six Months Ended June 30 Sales Revenue Cost of Goods Sold Gross Profit Other Expenses Bad Debt Expense Income from Operations $ 33,000 o 19,000 01 14,000 1.600 S 12 400Step by Step Solution
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