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its urgen pls annswer asap a Wilson Corp. is a wholesaler of imported products. The company had the following opening balances at January 1, 2020:

its urgen pls annswer asap
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a Wilson Corp. is a wholesaler of imported products. The company had the following opening balances at January 1, 2020: Accounts receivable Allowance for doubtful accounts Net realizable value $212,100 $-25,452 $186,648 During 2020, the company had the following summary transactions: a. Sales on account, $2,303,000; cost of goods sold, $1,036,000 b. Products returned by customers, $46,000; cost of inventory returned, $21,000 c. Cash collections on accounts receivable, $2,119,000 d. Write-offs of accounts receivable determined to be uncollectable, $31,815 e. A customer that was previously written off sent in a cheque for $2,900 f. You estimate that $38,000 of your accounts receivable will be uncollected in the upcoming year. Record all of the above transactions and then answer the questions that follow. The entry to record transaction (a) would include which of the following? Select ALL that apply. (4 marks) a) Decrease Allowance for Doubtful Accounts b) Increase Accounts Receivable Oc) Decrease Cash d) Increase Allowance for Doubtful Accounts e) No entry required f) Decrease Bad Debt Expense Og) Increase Sales Oh) Decrease Sales Oi) Increase Cash Increase Inventor Oh) Decrease Sales i) Increase Cash j) Increase Inventory k) Increase Bad Debt Expense 1) Decrease Cost of Goods Sold m) Decrease Accounts Receivable n) Decrease Inventory o) Increase Cost of Goods Sold The entry to record transaction (b) would include which of the following? Select ALL that apply. (4 marks) a) Increase Accounts Receivable b) Increase Sales Returns and Allowances c) Decrease Sales d) Decrease Cost of Goods Sold e) Increase Bad Debt Expense f) Increase Cash g) Decrease Cash h) Increase Inventory i) Decrease Accounts Receivable j) Decrease Sales Returns and Allowances i) Decrease Accounts Receivable i) Decrease Sales Returns and Allowances k) Decrease Allowance for Doubtful Accounts 1) Increase Cost of Goods Sold m) Decrease Inventory n) Decrease Bad Debt Expense o) No entry required Op) Increase Sales q) Increase Allowance for Doubtful Accounts Question 23 (2 points) The entry to record transaction (c) would include which of the following? Select ALL that apply. a) Increase Accounts Receivable Ob) No entry required c) Decrease Allowance for Doubtful Accounts d) Increase Allowance for Doubtful Accounts e) Increase Cash f) Decrease Bad Debt Expense g) Decrease Cost of Goods Sold h) Decrease Accounts Receivable Oi) Increase Bad Debt Expense j) Increase Cost of Goods Sold k) Decrease Cash The entry to record transaction (d) would include which of the following? Select ALL that apply. a) Decrease Allowance for Doubtful Accounts b) Increase Allowance for Doubtful Accounts c) Increase Cost of Goods Sold d) Increase Bad Debt Expense e) Decrease Bad Debt Expense Of) Increase Cash g) Decrease Cost of Goods Sold Oh) Increase Accounts Receivable i) No entry required Oj) Decrease Accounts Receivable The entry to record transaction (e) would include which of the following? Select ALL that apply. (4 marks) a) Decrease Cash b) Increase Cash c) Decrease Allowance for Doubtful Accounts d) Decrease Cost of Goods Sold e) Decrease Bad Debt Expense f) Decrease Accounts Receivable g) No entry required Oh) Increase Allowance for Doubtful Accounts Oi) Increase Bad Debt Expense j) Increase Cost of Goods Sold k) Increase Accounts Receivable The entry to record transaction (f) would include which of the following? Select ALL that apply. a) Increase Cost of Goods Sold b) Increase Cash c) Decrease Bad Debt Expense d) Decrease Cost of Goods Sold e) Decrease Accounts Receivable f) Decrease Cash g) Increase Bad Debt Expense Oh) Decrease Allowance for Doubtful Accounts 1) Increase Accounts Receivable 1) No entry required Ok) Increase Allowance for Doubtful Accounts

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