At year-end (december 31), chan company estimates its bad debts as 0.60% of its annual credit sales of $663,000.

chan records its bad debts expense for that estimate.

on the following february 1, chan decides that the $332 account of p. park is uncollectible and writes it off as a bad debt.

on june 5, park unexpectedly pays the amount previously written off.

required:

prepare the journal entries of chan to record:

a) the estimated bad debts expense.
b) the write off an account.
c) the reinstatement of an account.
d) the cash received on that account.

Samson is going shopping for sugar and butter to make three different kinds of cookies: lemon bars, peanut butter cookies, and sugar cookies. the recipe for lemon bars calls for 2 cups of flour, 2 cups of sugar, and 1 stick of butter. the peanut butter cookie recipe calls for 2 cups of flour, 4 cup of sugar and 2 stick of butter. the sugar cookie recipe calls for 1 cup of flour, 2 cups of sugar, and 2 sticks of butter. sampson has 13 cups of flour at home, and he buys 12 cups (6 pounds) of sugar and 10 sticks of butter. how many batches of each type of cookie can he make? samson can make batches of lemon bars, batches of peanut butter cookies, and batches of 09 cookies submit reset