BE 05.13 – Sanders Incorporated
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition
Given the accounts receivable, amount not collected, and bad debts… prepare a journal entry for adjustments.
Given the accounts receivable, amount not collected, and bad debts… prepare a journal entry for adjustments.
Given the accounts receivable, total assets, and bad debt… prepare a journal for the write-offs.
Given accounts receivable and future bad debts… record any necessary adjustments.
Given a table with face value, rates, the fraction of year, and interest for different notes… fill in the missing information.
Given information on a loan that was lent out… calculate the interest revenue for two years.
Given information on a loan that was lent out… calculate the interest revenue for two years.
Given the allowance for uncollectible accounts, the estimated future uncollected accounts, and lastly the credit sales… record the bad debt expense.
Given a grid of revenues, cost of goods sold, gross profit, operating expenses, and net income… fill in the missing amounts.
Given beginning inventory, two purchases, units purchased unit cost, and the total cost… calculate ending inventory under FIFO inventory system.
Given the beginning, purchases, unit cost, total cost, and amount sold… calculate the ending inventory and cost of goods sold using the LIFO inventory system.