need help on 11- 14 pls, very confused. thank you :)
10. Identify the normal balance of each of the followwing accounts by circling Debit or Credit and write in where it is found on the balance sheet. Is it part of the ASSETS, LIABILITIES, STOCKHOLDERS EQUITY, or NOT FOUND ON THE BALANCE SHEET (Not Found)? Is the account closed at month end-Y (Yes) N ( No)? Assets Closed Y Debit Credit EXAMPLE: Cash Closed Y N a Accumulated Depreciation Debit Credit Closed Y N Debit Credit b. Unearned Revenue Closed Y N Debit Credit c. Interest Expense Closed Y N d. Wages Payable Debit Credit Retained Earmings Closed Y N Debit Credit e. Closed Y N Debit Credit Inventory Closed Y N Debit Credit & Accounts Receivable h. Sales/Revenue Closed Y N Debit Credit i. Cost of Goods Sold Debit Credit Closed Y N Debit Credit j. Common Stock Closed Y N 11. The general ledger account for Accounts Receivable shows a debit balance of $880,000. The Allowance for Uncollectible Accounts has a credit balance of $42,000. Net sales for the year were $2,400,000. Looking at an Aging of Accounts Receivable results in an estimate of $54,000 of uncollectible accounts receivable. What amount should be booked (added) to Uncollectible Accounts Expense? Make the entry in good form. 12. In The Three Bears Company, the A/R balance was $10,000 and the balance in the Allowance for Uncollectible Accounts was a credit balance of $1,500. The Bear Company wrote off Marvin White's account in the amount of $650. After the writeoff, what would be the net A/R balance (the balance on the balance sheet) 13. Dippy's lce Cream issued 50,000 shares of ss.00 par value common stock for $35.00. Make the entry to record this transaction. 14. Vacation Destinations total payroll for the month of January was $450,000. The following withholdings and payroll taxes apply: Federal and state income taxes withheld FICA tax rate (Social Security and Medicare) Federal and State unemployment tax rate $60,000 7.65% None of the withholdings or payroll taxes have been paid yet so they are payables. Prepare the journal entries in good form to record this payroll 6.20 %