BE 05.01 – Giles Agency
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Given a percent discount along with purchased advertising… record both transactions.
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Given a percent discount along with purchased advertising… record both transactions.
Your numbers will vary.
Given a table with face value, rates, the fraction of year, and interest for different notes… fill in the missing information.
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Record adjustment for uncollectible accounts, determine amount bad debt expense, calculate net accounts receivable.
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Record adjustment for uncollectible accounts, amount of bad debt expense reported, calculate net accounts receivable.
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Estimate the amount, record the adjustment, calculate net accounts receivable.
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Estimate the amount, record the adjustment, calculate net accounts receivable.
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Record for Shoemaker Corporation. The loan and acceptance of the note receivable, the accrued interest, and cash collection of note and interest.
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Calculate the receivables turnover, average collection period, and which company appears most efficient.
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Given net sales along with beginning and ending accounts receivable… calculate receivables turnover ratio and average collection period.
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Given a list of events that occurred within the first two years… record each, post transactions, and calculate net accounts receivables.
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