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Maine Corporation's unadjusted trial balance includes the following balances (assumer balances): Accounts Receivable $850,000 Allowance for Doubtful Accounts 18,0000 Bad debts are estimated to be
Maine Corporation's unadjusted trial balance includes the following balances (assumer balances): Accounts Receivable $850,000 Allowance for Doubtful Accounts 18,0000 Bad debts are estimated to be 6% of outstanding receivables. What amount of bad de will the company record? Cosmos Company on July 15 sells merchandise on account to Cajon Co n/30. On July 20 Cajon Co. returns merchandise worth $1,000 to Cosm payment is received from Cajon Co. for the balance due. What is the a In preparing its August 31, 2016 bank reconciliation, Oakley Corp. has availabl information: $65,490 10,170 Balance per bank statement, 8/31/16 Deposit in transit, 8/31/16 Return of customer's check not sufficient funds, 8/30/16 Outstanding checks, 8/31/16 Bank service charges for August At August 31, 2016, Oakley's adjusted cash balance is 1,800 5,820 350 Maine Corporation's unadjusted trial balance includes the following balances (assumer balances): Accounts Receivable $850,000 Allowance for Doubtful Accounts 18,0000 Bad debts are estimated to be 6% of outstanding receivables. What amount of bad de will the company record? Cosmos Company on July 15 sells merchandise on account to Cajon Co n/30. On July 20 Cajon Co. returns merchandise worth $1,000 to Cosm payment is received from Cajon Co. for the balance due. What is the a In preparing its August 31, 2016 bank reconciliation, Oakley Corp. has availabl information: $65,490 10,170 Balance per bank statement, 8/31/16 Deposit in transit, 8/31/16 Return of customer's check not sufficient funds, 8/30/16 Outstanding checks, 8/31/16 Bank service charges for August At August 31, 2016, Oakley's adjusted cash balance is 1,800 5,820 350
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