E 5.08 – Wiseman Video
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Wants to create a special building fund with an annual deposit. Asks fund balance for 4 scenarios.
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Your numbers will vary.
Wants to create a special building fund with an annual deposit. Asks fund balance for 4 scenarios.
Your numbers will vary.
They give you two scenarios: Alex Meir must choose among 3 prizes and choose the highest. Weimer gets a bunch of annual deposits and must figure out the final balance at the end (future value).
Your numbers will vary.
They give you five scenarios and ask for missing values in a grid.
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Given the information on the guided tours and the transactions – create a journal entry for each transaction.
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Given the value of services on account, the cash collections, the percent of uncollectible accounts, and the write-offs… record an adjustment for uncollectible accounts, record write-offs, and calculate the balance of the account under two different write-off amounts.
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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.
Your numbers will vary.
Given four transactions for the company… record them all using both the allowance and direct write-off method. Then they ask you to calculate the bad debt expense for both years using both methods.
Your numbers will vary.