Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $343,000 and credit sales are $1,000,000. Anong accounts receivable shows that approximately 3% of the outstanding receivables will be uncollectible. What adjusting entry wilTunning Company mathew for Doubtful Accounts has a credit balance of $1,600 before adjustment 3,660 8,660 8,160 8,160 Bad Debt Expense Allowance for Doubtful Accounts Bad Debt Expense Allowance for Doubtful Accounts Bad Dent Expense Allowance for Doubtful Accounts di Bad Debt Expense Allowance for Doubtful Accounts 9,660 1.660 7.660 7,660 A machine with a cost of $60,161.00 has an estimated residual value of $5,942.00 and an estimated life of 7 years or 14.343 hours. It is to be deprecated by the of-output method. What is the amount of depreciation for the second full year, during which the machine was used 4,409 hours? Do not round your intermediate calculations. 57.745 57 $18.493.33 516,666.78 515,491.14 Cenganowienie taching and Texas Inc. has 6,481 shares of 7%, 5100 par value cumulative preferred stock and 83,744 shares of S1 par value common stock outstanding December the annual dividend on the preferred stock? a. 55.842 in b. 545.367 in total C. 570.00 per stare d. 56,481 in total PL ICO The following lots of commodity z were available for sale during the year, Beginning Inventory 8 units at $51 First purchase 19 units at $51 Second purchase 25 units at $57 Third purchase 19 units at $63 The firm uses the periodic system, and there are 27 units of the commodity on hand at the end of the year. What is the ending inventory according to the FIFO method? a. 53.999 b. $1.653 c. 51.377 d. 31.972 Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $343,000 and credit sales are $1,000,000. Anong accounts receivable shows that approximately 3% of the outstanding receivables will be uncollectible. What adjusting entry wilTunning Company mathew for Doubtful Accounts has a credit balance of $1,600 before adjustment 3,660 8,660 8,160 8,160 Bad Debt Expense Allowance for Doubtful Accounts Bad Debt Expense Allowance for Doubtful Accounts Bad Dent Expense Allowance for Doubtful Accounts di Bad Debt Expense Allowance for Doubtful Accounts 9,660 1.660 7.660 7,660 A machine with a cost of $60,161.00 has an estimated residual value of $5,942.00 and an estimated life of 7 years or 14.343 hours. It is to be deprecated by the of-output method. What is the amount of depreciation for the second full year, during which the machine was used 4,409 hours? Do not round your intermediate calculations. 57.745 57 $18.493.33 516,666.78 515,491.14 Cenganowienie taching and Texas Inc. has 6,481 shares of 7%, 5100 par value cumulative preferred stock and 83,744 shares of S1 par value common stock outstanding December the annual dividend on the preferred stock? a. 55.842 in b. 545.367 in total C. 570.00 per stare d. 56,481 in total PL ICO The following lots of commodity z were available for sale during the year, Beginning Inventory 8 units at $51 First purchase 19 units at $51 Second purchase 25 units at $57 Third purchase 19 units at $63 The firm uses the periodic system, and there are 27 units of the commodity on hand at the end of the year. What is the ending inventory according to the FIFO method? a. 53.999 b. $1.653 c. 51.377 d. 31.972
