Jerrison Company operates a wholesale hardware business. The following balance sheet accounts and balances are available for Jerrison at December 31,2019. Accounts payable $ 65,100 Equipment, data processing $309,000
Accounts receivable 95,500 Income taxes payable 150,000
Accumulated depreciation Interest payable 12,600
(on building) 216,800 Inventory 187,900
Accumulated depreciation Investments (long-term) 32,700
(on data processing equipment) 172,400 Investments (short-term) 10,400
Accumulated depreciation 31,200 Land 41,000
(on trucks) Notes payable (due June 1, 2020) 21,600
Bonds payable (due
Aug. 30, 2023) 200,000 Prepaid insurance (for 4 months) 5,700
Building (warehouse) 419,900 Retained earnings, 12/31/2019 ?
Cash 18,000 Salaries payable 14,400
Common stock 150,000 Trucks 106,100
Required:
1. Prepare a classified balance sheet for Jerrison at December 31, 2019.
2. Compute Jerrison's working capital and current ratio at December 31, 2019.

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

Juan's investment portfolio was valued at $125,640 at the beginning of the year. during the year, juan received $603 in interest income and $298 in dividend income. juan also sold shares of stock and realized $1,459 in capital gains. juan's portfolio is valued at $142,608 at the end of the year. all income and realized gains were reinvested. no funds were contributed or withdrawn during the year. what is the amount of income juan must declare this year for income tax purposes?

Swathmore clothing corporation grants its customers 30 days' credit. the company uses the allowance method for its uncollectible accounts receivable. during the year, a monthly bad debt accrual is made by multiplying 3% times the amount of credit sales for the month. at the fiscal year-end of december 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. at the end of 2012, accounts receivable were dollar 586.000 and the allowance account had a credit balance of dollar 50,000. accounts receivable activity for 2013 was as follows: the company's controller prepared the following aging summary of year-end accounts receivable: prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (if no entry is required for a particular event, select "no journal entry required" in the first account field.) prepare the necessary year-end adjusting entry for bad debt expense. (if no entry is required for an event, select "no journal entry required" in the first account field.) what is total bad debt expense for 2013? calculate the amount of accounts receivable that would appear in the 2013 balance sheet?