subject
Business, 08.10.2019 19:00 madistupid

Wrote off an uncollectible account for $650. provided $88,000 of services on account. provided $32,000 of services and collected cash. collected $81,000 cash from accounts receivable. paid $65,000 of salaries expense for the year. adjusted the accounts to reflect uncollectible accounts expense for the year. leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible. d-1. organize the transaction data in accounts under an accounting equation. d-2. prepare an income statement for 2019. d-3. prepare the statement of changes in stockholders' equity for 2019. d-4. prepare the balance sheet for 2019. d-5. prepare the statement of cash flows for 2019. d-6. what is the net realizable value of the accounts receivable at december 31, 2019?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.
Answers: 1
question
Business, 22.06.2019 08:30
What is the equity method balance in the investment in lindman account at the end of 2018?
Answers: 2
question
Business, 22.06.2019 12:10
The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)
Answers: 1
question
Business, 22.06.2019 19:30
Nextdoor is an instant messaging application for smartphones. new smartphone users find it easier to connect with friends and relatives through this mobile app when compared to other similar instant messaging applications. hence, it has the largest user base in the industry. thus, nextdoor app's value has increased primarily due to itsa. learning curve effects. b. economies of scale. c. economies of scope. d. network effects.
Answers: 2
You know the right answer?
Wrote off an uncollectible account for $650. provided $88,000 of services on account. provided $32,0...
Questions
question
Mathematics, 21.01.2021 21:40
question
Mathematics, 21.01.2021 21:40
question
Physics, 21.01.2021 21:40
Questions on the website: 13722367