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Question 3 0 / 0.5 pts Misty Company reported the following before-tax items during the current year: Sales $642 295 Operating Expenses Restructuring Charges 27
Question 3 0 / 0.5 pts Misty Company reported the following before-tax items during the current year: Sales $642 295 Operating Expenses Restructuring Charges 27 Unusual Loss 36 Loss from Discontinued Operations 61 Misty's effective tax rate is 40%. What is Misty's income from continuing operations? *round your final answer to the nearest $1 134 Question 6 0 / 0.5 pts Smithson Corporation had a 1/1/20 balance in the Allowance for Doubtful Accounts of $30,523. During 2020, it wrote off $21,231 of accounts and collected $6,026 on accounts previously written off. The balance in Accounts Receivable was $600,780 at 1/1 and $722,926 at 12/31. At 12/31/20, Smithson estimates that 5% of accounts receivable will prove to be uncollectible. What is Bad Debt Expense for 2020? *round your final answer to the nearest $1 21,312 Question 7 0 / 0.5 pts Hazelton Manufacturing prepares a bank reconciliation at the end of every month. At the end of May, the general ledger checking account showed a balance of $1,353 and the bank statement showed a bank balance of $1,458. Outstanding checks totaled $311 and deposits in transit were $185. The bank statement listed service charges of $35 and NSF checks totaling $78. The corrected cash balance is: 1,332
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