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Please help I hope this is good. please help! You are an accountant at XYZ company, which has a fiscal Year ending on December 31.

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I hope this is good. please help!

You are an accountant at XYZ company, which has a fiscal Year ending on December 31. It is now December 31, 2018, and you are getting ready to record the cutting journal entry for this year's bad debt expense The credit department has prepared for you the following accounts receivable aging schedule, which includes the estimated percentages of each aing bucket that they think will be uncollectible. The estimated percentages are the same for both dates provided Accounts Receivable Estimated Balance at Dec 31 Bilance at Dec 31, Status Uncollectible 2018 2017 Not yet due 22 $2,850.000 $2641.000 180 days past due 85% $60,000 $72.000 You then Inspect the accounting records for the year and note that during 2018, the company had write-offs of 5120,000 and recoveries of $6,500. You also nate that the total credit sales duine 2018 were $11.117.000 The credit department inform you that historically, 1.25% of credit sales have proven to be uncollectible ) suppose that XYZ.company uses the aging method of estimating uncollectible accounts What is the amount of bad debe expense for 2018? (Select Using the aging method of estimating uncollectible accounts, what is the balance for the Allowance for Doubtful Accounts for 20187 Select Suppose that XYZ.company uses the percent of sales method to estimate collectible accounts. What is the amount of bad debt expense for 20187 Set Raptor Pencils furchases machinery annuary 14, 2014 for $410.000 incoh Raptor Percisestimates that the machinery willst for 20 years and have a value of 55500 Round all went to the nearest dollar Using straight-line depreciation corculate the depreciation expense for the 2014 and choose the right accounts to debit and credit for the curral entry to record the depreciation expense Deprecation Select Account to be Debut Select Accent to be Credit Select IN Ushtrigine depreciation, what the book value of the machinery the end of 2016 December 31, 2016 Novetats for the third year of operation 3 points Sok Valuat end of 2016. Salt 1. 2017. Rotor Pendid that is present wrondos for 20 years, Raptor Rencistinites that the machine wil only last for 10 solmaniny, with a value of $2.25 Usnesine wit is the depreciation setur 2017 Debrecen Det for 2017 Select Mitroi decides to all the machine on January 1, 2017 for $310.500. Make the propriate entry for this son partid in the calculations pretendo Tevision of deprecationsmatest Dr Sale Select De Select Select De 1 Set 5elect Select Select Dr. Select Select Dr. [Select) Select 1 CH Select Select Now, suppose that instead of straight line depreciation, Raptor Pencils had decided to use double-declining balance (DDB). What is the book value of the machinery at the end of year 2 assuming DDB had been used and the original estimates were in place (20 years, salvage value of $5,500, original cost of $410,000)? Remember that the machinery was purchased on January 15, 2014 Book Value using DDB at the end of year 2. Select ( Now, suppose that Raptor Pencils had decided to use units of activity to estimate depreciation. It estimated that the machinery could manufacture 2,500,000 pencils throughout its life. In the first year, it manufactured 185,000 pencils. What is the depreciation expense for this year? Use the original parameters (20 years, salvage value of $5,500, original cost of $410,000) Depreciation expense using units-of-activity: Select Raptor Books has the following inventory schedule for its Financial Accounting textbooks. Date Quantity Unit Cost Sale Price 10/1/2019 50 $300 Beginning Inventory Sale Purchase Purchase 20 $450 10/5/2019 10/10/2019 40 10/17/2019 60 $320 $330 $340 Purchase 10/22/2019 30 Sale 10/26/2019 80 $450 Assuming the company uses Weighted Average Cost for its inventory cost flow method, what is the weighted average cost of the inventory as of the sale on 10/26/2019? Weighted Average Cost on 10/26: Select] Assume that a company has the following inventory items and quantities: Inventory Item Quantity Cost Market A 200 $11 $15 B 120 $25 $20 80 $50 $40 D 50 $120 $150 After applying the lower-of-cost-or-market (LCM) method what is the total inventory that the company has in dollars? $206 O $225 O $450 $13,800 O 515,200 $16.100 Raptor Books has the following inventory schedule for its Financial Accounting textbooks. Date Quantity Unit Cost Sale Price 10/1/2019 50 $300 20 $450 Beginning Inventory Sale Purchase Purchase Purchase 40 10/5/2019 10/10/2019 10/17/2019 10/22/2019 10/26/2019 $320 $330 60 30 $340 Sale 80 $450 Assuming company uses LIFO for its inventory cost flow assumption, what is Raptor Books' cost of goods sold, ending inventory, and gross profit in dollar amounts for the month? Cost of Goods Sold: $ Select Ending Inventory: $ Select Gross Profit: $ Select Raptor Books has the following inventory schedule for its Financial Accounting textbooks. Date Quantity Unit Cost Sale Price 10/1/2019 50 $300 20 $450 Beginning Inventory Sale Purchase Purchase Purchase Sale 10/5/2019 10/10/2019 10/17/2019 10/22/2019 10/26/2019 40 60 30 $320 $330 $340 80 $450 Assuming FIFO, what is Raptor Books cost of goods sold, ending inventory, and gross profit in dollar amounts for the month? Cost of Goods Sold: $ Select Ending Inventory: $ Select Gross Proht: $ (Select

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