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PLEASE SHOW ALL YOUR WORK! PLEASE ANSWER THEM ALL! THANK YOU! The following information relates to Kate Company Beginning inventory 150 units at $2 each

PLEASE SHOW ALL YOUR WORK! PLEASE ANSWER THEM ALL! THANK YOU!

The following information relates to Kate Company

Beginning inventory 150 units at $2 each

Purchases 450 units at $5 each

At the end of the period , Kate had 190 units left in inventory. Kate sold the remaining units for $24 each.

How many units did Kate have available for sale? 150+450-190 IS WRONG

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On December 31, 2017, Extreme Fitness has adjusted balances of $80,580 in Accounts Receivable and $2,564 in Allowance for Doubtful Accounts. Assume that on February 2, 2018, Extreme Fitness received a payment of $975 from one of the customers whose balance had been written off.

What amount would the company report as its accounts receivable balance on February 2, 2018? 80580-2564-975 IS WRONG

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Young and Restless Corporation (YRC) uses two aging categories to estimate uncollectible accounts. Accounts less than 60 days are considered current and have a 3% uncollectible rate. Accounts more than 60 days are considered delinquent and have a 20% uncollectible rate.. YRCs Allowance for Doubtful Accounts currently has an unadjusted debit balance of $576

If YRC has $59,620 of current accounts and $7,200 of delinquent accounts, how much should be reported as Bad Debt expense? 59620*.03 + 7200*.20 + 576 IS WRONG

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Potato Company began the period with an accounts receivable balance of $2,693 and a balance in the allowance for doubtful accounts of $494

The following transactions occurred in Potato Company

a. During the period, customer balances are written off in the amount of $668

b. At the end of the period, bad debt expense is estimated to be $749.

What is the Net Accounts receivable after these transactions? 2693-668-749 IS WRONG

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