Business, 14.04.2020 21:57 adrian128383
Examine the following transaction: Dr. Accounts Receivable 1,000 Cr. Allowance for Doubtful Accounts 1,000 Dr. Cash 1,000 Cr. Accounts Receivable 1,000 What would be an appropriate journal entry description for this transaction? Based on the following transactions, prepare the necessary journal entries. 8 points: a. During the first year of its business, Cougar Corp. sold services totaling $600,000 were sold on credit. b. During the first year, Cougar Corp. collected $410,000 in cash for the credit sales made during the year. c. During the first year, Cougar Corp. properly wrote off $6,000 of its accounts receivable as they were deemed uncollectible. d. Assume that Cougar Corp. estimates bad debts using the percent-of-receivables method. Cougar Corp. did analysis and has estimated that 12% of their accounts receivable are uncollectible. Note: In order to complete this entry, you have to consider the facts from a., b., and c.
Answers: 1
Business, 22.06.2019 11:00, PastyMexican24
On analyzing her company’s goods transport route, simone found that they could reduce transport costs by a quarter if they merged different transport routes. what role (job) does simone play at her company? simone is at her company.
Answers: 1
Business, 22.06.2019 18:00, kekoanabor19
Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.
Answers: 2
Examine the following transaction: Dr. Accounts Receivable 1,000 Cr. Allowance for Doubtful Accounts...
Mathematics, 04.02.2020 11:48
Mathematics, 04.02.2020 11:48
Physics, 04.02.2020 11:48
Mathematics, 04.02.2020 11:48