As of june 30, 2019, great adventures finishes its first 12 months of operations. if suzie wants to prepare financial statements, part of the process would involve allowing for uncollectible accounts receivable. a. suppose suzie estimates uncollectible accounts to be 5% of accounts receivable (which does not include the $5,600 note receivable from myers manufacturing). record the adjustment for uncollectible accounts on june 30, 2019. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

If a company’s employees are angry about their work, a visiting auditor may also become agitated, illustrating the power of

Acrosswalk_when there are no pavement markings.

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.