subject
Business, 22.11.2019 22:31 smilebehappy468

At the beginning of the current period, griffey corp. had balances in accounts receivable of $200,000 and in allowance for doubtful accounts of $9,000 (credit). during the period, it had net credit sales of $800,000 and collections of $763,000. it wrote off as uncollectible accounts receivable of $7,300. however, a $3,100 account previously written off as uncollectible was recovered before the end of the current period. uncollectible accounts are estimated to total $25,000 at the end of the period.
(a) prepare the entries to record sales and collections during the period.
(b) prepare the entry to record the write-off of uncollectible accounts during the period.
(c) prepare the entries to record the recovery of the uncollectible account during the period.
(d) prepare the entry to record bad debt expense for the period.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 19:40
Uppose stanley's office supply purchases 50,000 boxes of pens every year. ordering costs are $100 per order and carrying costs are $0.40 per box. moreover, management has determined that the eoq is 5,000 boxes. the vendor now offers a quantity discount of $0.20 per box if the company buys pens in order sizes of 10,000 boxes. determine the before-tax benefit or loss of accepting the quantity discount. (assume the carrying cost remains at $0.40 per box whether or not the discount is taken.)
Answers: 1
question
Business, 22.06.2019 09:00
What should a food worker use to retrieve ice from an ice machine?
Answers: 1
question
Business, 22.06.2019 23:00
The five steps to financial success a. five money myths b. five foundations
Answers: 1
question
Business, 23.06.2019 00:00
An attorney came to work on a saturday. when he signed in, he was advised by the morning security guard employed by the building management that he must be out of the building by 5 p.m., when it closes. however, he stayed past 5 p.m. to complete a brief that had to be filed on monday morning. at 5: 15 p.m., the afternoon security guard set the locks on all the doors of the building and left. because she was in a hurry, she did not check the sign-in sheet to make sure that everyone had signed out, contrary to mandatory procedures. when the attorney tried to exit 15 minutes later, he discovered that the doors were all locked and could not be opened from the inside. he used his cell phone to call for , and a supervisor from the building arrived and let him out shortly thereafter. if the attorney sues the building management for false imprisonment, is he likely to win?
Answers: 1
You know the right answer?
At the beginning of the current period, griffey corp. had balances in accounts receivable of $200,00...
Questions
question
Chemistry, 08.04.2020 23:56
question
Biology, 08.04.2020 23:56
question
Mathematics, 08.04.2020 23:56
question
Mathematics, 08.04.2020 23:56