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Rogalla Foods inc. problem... Please be specific with final answers in regards to which chart/portion of the problem they belong too. Thanks so much! Rogala
Rogalla Foods inc. problem...
Please be specific with final answers in regards to which chart/portion of the problem they belong too.
Thanks so much!
Rogala Foods, Inc. sells Oscar Mayer, JellO, Tassimo, and many other food brands. The company reported the following rounded amounts as of December 29, 2012 (all amounts in millions) 1,140 Accounts Receivable 28 Allowance for Doubtful Accounts Sales (assume all on credit 18,500 Required: 182. Prepare the adjusting journal entry required at December 31, 2012, for recording Bad Debt Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10) Round your answers to the nearest whole number) Assume Rogala uses 3/4 of 1 percent of sales to estimate its Bad Debt Expense for the year. (i) Assume instead that Rogala uses the aging of accounts receivable method and estimates that $82 of its Accounts Receivable will be u view transactionlist view generaliournal Journal Entry Worksheet Record the entry for bad debt expenses under the percentage of credit sales method. Date General Journal Debit Credit Enter debits before credits 3. Assume instead that Rogala uses the aging of accounts receivable method and estimates that $82 of its If one of Rogala's main customers declared bankruptcy in 2013, what journal entry would be used to write off Accounts wil be uncollectible. Prepare the adjusting journal entry for recording Bad Debt its $20 balance? (If no entry is required for a transaction/event, select "No Journal Entry Required" in Expense required 31, 2012 assuming the unadjusted balance in Rogala's Allowance for the first account field, Enter your answers in millions (ie,10,000,000 should be entered as Doubtful Accounts at 31, 2012 was a debit balance of S22. (f s required for a transaction event, select No Journal Entry Required" in the first account field. Enter your answers view transaction ist view general hournal millions (ie, 10,000,000 should be entered as 100) view Iransactionlist view generallournal Journal Entry worksheet Journal Entry Worksheet Record the write-off in 2013 of a certain customer account which is not collectible due to bankruptcy declared by the customer in 2013 totaling Record the adjusting entry for bad debts as of December 31, 2012 using $20. the aging of accounts receivable method. Date General Journal Debit Credit Jan 02.2013 Date General Journal Debit Credit Dec 31, 2012Step by Step Solution
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