The following information relates to jay co.'s accounts receivable for 2004: accounts receivable, 1/1/04 $650,000 credit sales for 2004 2,700,000 sales returns for 2004 75,000 accounts written off during 2004 40,000 collections from customers during 2004 2,150,000 estimated future sales returns at 12/31/04 50,000 estimated uncollectible accounts at 12/31/04 110,000 what amount should jay report for accounts receivable, before allowances for sales returns and uncollectible accounts, on december 31, 2004?

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.

The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were: