Question
plz do all plz.... 12 Using the aging-of-receivables method, the balance of the Allowance account after the adjusting entry would be (5 Points) a) $450.
plz do all plz....
12 Using the aging-of-receivables method, the balance of the Allowance account after the adjusting entry would be (5 Points) a) $450. b) $900. c) $920. d) $1,350. 13 Assuming the aging-of-receivables method is used, the net realizable value of accounts receivable on the December 31, 2013, balance sheet would be (5 Points) a) $8,580. b) $8,150. c) $8,600. d) $9,500. 14 Accounts Receivable has a debit balance of $3,200, and the Allowance for Uncollectible Accounts has a credit balance of $300. A $100 account receivable is written off. What is the amount of net receivables (net realizable value) after the write-off? (5 Points) a) $2,800 b) $2,900 c) $3,000 d) $3,100 15 Ridgewood Corporation began 2014 with accounts receivable of $800,000. Sales for the year totalled $2,500,000. Ridgewood ended the year with accounts receivable of $900,000. Ridgewoods bad debt losses are minimal. How much cash did Ridgewood collect from customers in 2014? (5 Points) a) $3,400,000 b) $2,940,000 c) $2,500,000 d) $2,400,000 16 Saturn Company received a four-month, 5%, $4,800 note receivable on December 1. The adjusting entry on December 31 will (5 Points) a) debit Interest Receivable $20. b) credit Interest Revenue $20. c) Both a and b. d) credit Interest Revenue $240. 17 What is the maturity value of a $25,000, 5%, six-month note? (5 Points) a) $20,000 b) $25,000 c) $25,625 d) $26,250 18 If the adjusting entry to accrue interest on a note receivable is omitted, then (5 Points) a) liabilities are understated, net income is overstated, and shareholders equity is overstated. b) assets are overstated, net income is understated, and shareholders equity is understated. c) assets, net income, and shareholders equity are overstated. d) assets, net income, and shareholders equity are understated. 19 Net sales total $730,000. Beginning and ending accounts receivable are $62,000 and $58,000, respectively. Calculate days sales in receivables. (5 Points) a) 32 days b) 23 days c) 43 days d) 30 days 20 From the following list of accounts, calculate the quick ratio. (5 Points) a) 2.1 b) 1.3 c) 1.0 d) 1.4
please do it. its urgent...
no thanks, now I did by myself
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