Daley company estimates uncollectible accounts using the allowance method at december 31. it prepared the following aging of receivables analysis.

days past due
total 0 1 to 30 31 to 60 61 to 90 over 90
accounts receivable $ 570,000 $ 396,000 $ 90,000 $ 36,000 $ 18,000 $ 30,000
percent uncollectible 1% 2% 5% 7% 10%

a) on february 1 of the next period, the company determined that $6,800 in customer accounts was uncollectible; specifically, $900 for oakley co. and $5,900 for brookes co. prepare the journal entry to write off those two accounts.

b) on june 5 of that next period, the company unexpectedly received a $900 payment on a customer account, oakley company, that had previously been written off in part a. prepare the entries necessary to reinstate the account and to record the cash received.

What is the opportunity cost (in civilian output) of a defense buildup that raises military spending from 4.0 to 4.3 percent of an $18 trillion economy? instructions: enter your response rounded to the nearest whole number?

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

On january 1, 2017, sophie's sunlounge owned 4 tanning beds valued at $20,000. during 2017, sophie's bought 3 new beds at a total cost of $14 comma 000, and at the end of the year the market value of all of sophie's beds was $24 comma 000. what was sophie's net investment