Estimating Uncollectible Accounts and Reporting Accounts Receivable LaFond Company analyzes its accounts receivable at December 31, and arrives at the aged categories below along with the percentages that are estimated as uncollectible. Age Group Accounts Receivable Estimated Loss % 0-30 days past due $80,000 1% 31-60 days past due $20,000 2 61-120 days past due $14,000 5 121-180 days past due $6,000 10Over 180 days past due $4,000 25 Total accounts receivable $ 124,000 The unused balance of the allowance for uncollectible accounts is $450 on December 31, before any adjustments.(a) What amount of bad debts expense will LaFond report in its income statement for the year? (b) Use the financial statement effects template to record LaFond's bad debts expense for the year. Balance Sheet Transaction Record bad debt expense Cash Asset + Noncash Assets = Liabilities + Contributed Capital + Earned Capital Income Statement Revenue - Expenses = Net Income (c) What is the balance of accounts receivable on it December 31 balance sheet?

The following cost data pertain to the operations of montgomery department stores, inc., for the month of july. corporate legal office salaries $ 75,300apparel department cost of sales"evendale store $ 97,200corporate headquarters building lease $ 50,300store manager's salary"evendale store $ 12,900apparel department sales commission"evendale store $ 11,550store utilities"evendale store $ 12,800apparel department manager's salary"evendale store $ 10,450central warehouse lease cost $ 18,600janitorial costs"evendale store $ 11,800 the evendale store is just one of many stores owned and operated by the company. the apparel department is one of many departments at the evendale store. the central warehouse serves all of the company's stores. required: 1. what is the total amount of the costs listed above that are direct costs of the apparel department? 2. what is the total amount of the costs listed above that are direct costs of the evendale store? 3. what is the total amount of the apparel department's direct costs that are also variable costs with respect to total departmental sales?

What should a food worker use to retrieve ice from an ice machine?

The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?