![subject](/tpl/images/cats/ekonomika.png)
Business, 24.03.2021 16:50 lovecats12
At December 31, 2021, Suisse Imports reported this information on its balance sheet.
Accounts receivable $600,000
Less: Allowance for doubtful accounts 37,000
During 2022, the company had the following transactions related to receivables.
1. Sales on account $2,500,000
2. Sales returns and allowances 50,000
3. Collections of accounts receivable 2,200,000
4. Write-offs of accounts receivable deemed uncollectible 41,000
5. Recovery of bad debts previously written off as uncollectible 15,000
Required:
a. Prepare the journal entries to record each of these five transactions.
b. Prepare the journal entry to record bad debt expense for 2021, assuming that aging the accounts receivable indicates that estimated bad debts are $46,000.
c. Compute the accounts receivable turnover.
![ansver](/tpl/images/cats/User.png)
Answers: 2
Another question on Business
![question](/tpl/images/cats/ekonomika.png)
Business, 21.06.2019 23:30
Starting at age 30, you deposit $2000 a year into an ira account for retirement. treat the yearly deposits into the account as a continuous income stream. if money in the account earns 7%, compounded continuously, how much will be in the account 35 years later, when you retire at age 65? how much of the final amount is interest?
Answers: 2
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 04:30
Georgia's gross pay was 35,600 this year she is to pay a federal income tax of 16% how much should georgia pay in federal income ax this year
Answers: 1
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 09:20
Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.
Answers: 2
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 16:10
Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?
Answers: 1
You know the right answer?
At December 31, 2021, Suisse Imports reported this information on its balance sheet.
Accounts recei...
Questions
![question](/tpl/images/cats/geografiya.png)
![question](/tpl/images/cats/ap.png)
Advanced Placement (AP), 28.08.2019 17:50
![question](/tpl/images/cats/en.png)
English, 28.08.2019 17:50
![question](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 28.08.2019 17:50
![question](/tpl/images/cats/mat.png)
Mathematics, 28.08.2019 17:50
![question](/tpl/images/cats/biologiya.png)
![question](/tpl/images/cats/fizika.png)
Physics, 28.08.2019 17:50
![question](/tpl/images/cats/istoriya.png)
History, 28.08.2019 17:50
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/informatica.png)
Computers and Technology, 28.08.2019 17:50
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/himiya.png)
Chemistry, 28.08.2019 17:50
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 28.08.2019 17:50
![question](/tpl/images/cats/en.png)
English, 28.08.2019 17:50
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 28.08.2019 17:50