Weygandt, Financial and Managerial, 3e Assignment Gradebook ORION Downloadable eTextbook INTRODUCTION TO ACCOUNTING (ACCT 2001/2101 CALCULATOR MESSAGE WY INSTRUCTOR PL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 8-11 a-b, ci-c2 During its first year of operations, Waterway Industries had credit sales of $2,742,000, of which $405,000 remained uncollected at year-end. The credt manager estimates that $16,290 of these receivables will become uncollectible. count titles are automatically Prepare the journal entry to record the estimated uncollectibles. (Assume an unadjusted balance of zero in Allowance for Doubtful Accounts) (Credit Indented when amount is entered. Do not indent manually.) Account Tities and Explanation Det Credit LINK TO TEXT Prepare the current assets section of the balance sheet for Waterway Industries, assuming that in addition to the receivables It has cash of $97,230, merchandise inventory of $175,370, and supplies of $14,060. (List current assets in order of liquidity) Waterway Industries Balance Sheet (partial) A PSW U JS Weygandt, Financial and Managerial, je Practice Assignment Gradebook Whey come INTRODUCTION TO ACCOUNTING (ACCT 2003 ORION Downloadable Textbook gnment BACK Prepare the current assets section of the balance sheet for Waterway Industries, assuming that in addition to the receivables it has cash of $97,230, merchandise inventory of $176,370, and supplies of $14,060. (List current assets in order of liquidity) Waterway Industries Balance Sheet (partial) SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT W lice Managerial, 3e Assignment Gradebook ORION ment Downloadable eTextbook INTRODUCTION TO ACCOUNTING (ACCT LINK TO TEXT LINK TO TEXT CALCULATOR MESSAGE MY INSTRUCTOR S Calculate the accounts receivable turnover. Assume that average net accounts receivable were $301,700 (Round answer to Accounts receivable turnover ratio deca 12.5.) SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TE Calculate the average collection period. (Use 365 days for calculation Round answer to Average collection period days Click if you would Work for this question: een Shows SHOW LIST OF ACCO LINK TO TEXT U TAN Question Attempts of used