Only photo 2b question. Thanks! Winfrey Designs had an unadjusted credit balance in its Allowance for Doubtful Accounts at December 31, 2020, of $2,300.Required:a. Prepare the adjusting entry assuming that Winfrey estimates uncollectible accounts based on an aging analysis as follows.ExpectedDecember 31, 2020Age of AccountsPercentageUncollectibleAccounts ReceivableReceivable$155,00045,000Not due (under 30 days)1%1 to 30 days past due31 to 68 days past dueOver 60 days past due4%18,50010%2,50060%View transaction listJournal entry worksheetRecord the estimate for uncollectible accounts.Note: Enter debits before credits.DateGeneral JournalDebitCreditDecember 31,2020 b. During 2021, credit sales were $1,457,000; sales discounts taken were $27,000; accounts recelvable collected were $1,220,000;and accounts written off during the year totalled $29,000. Prepare the adjusting entry required on December 31, 2021, to estimateuncollectible recelvables assuming it is based on the following aging analysis.ExpectedDecember 31, 2021Age of AccountsPercentageAccounts ReceivableReceivableUncollectible$ 290, 00098, 00025,00016,000Not due (under 30 days)1 to 30 days past due31 to 68 days past dueOver 60 days past due1%4%10%6e%View transaction listJournal entry worksheet1<>Record the estimate for uncollectible accounts.Note: Enter debits before credits.DateGeneral JournalDebitCreditDecember 31,2021

The journal entries are prepared to keep the record of day to day transactions of the business.

ed: bare the adjusting entry assuming that Winfrey estimates uncollectible accounts based on an aging analysis as follo Expected Percentage Age of Accounts Receivable ember 31, 2828 unts Receivable $155,800 45,800 Uncollectible Not due (under 30 days) 1 to 30 days past due 31 to 68 days past due Over 60 days past due 1% 4% 1e,see 18% 2, see 60% w transaction list purnal entry worksheet

ed: bare the adjusting entry assuming that Winfrey estimates uncollectible accounts based on an aging analysis as follo Expected Percentage Age of Accounts Receivable ember 31, 2828 unts Receivable $155,800 45,800 Uncollectible Not due (under 30 days) 1 to 30 days past due 31 to 68 days past due Over 60 days past due 1% 4% 1e,see 18% 2, see 60% w transaction list purnal entry worksheet

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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20 TB MC Qu. 10-71 Thomas Enterprises... Thomas Enterprises purchased 58,300 pounds (cost = $378,950) of direct material to be used in the manufacture of the company's sole product. According to the production specifications, each completed unit requires five pounds of direct material at a standard cost of $6.80 per pound. Direct materials consumed by the end of the period totaled 55,800 pounds in the manufacture of 11,400 finished units. 5 Dints еВook An examination of Thomas' payroll records revealed that the company worked 23,100 labor hours (cost = $272,580) during the period, and specifications called for each completed unit requiring two hours of labor at a standard cost of $12.40 per hour. Use the information to compute the following variances. Print References Thomas' direct-labor rate variance was: Multiple Choice $13,860 F.
Chapter 5 Saved Help Multiple Choice $56,625. $64,110 $56,110. $28.800
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= D21 Homepage N Jacob's Notel X M Question 2 X QFor each tran X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F... Chapter 3 Homework i 2 eBook References X View transaction list Mc Graw Hill Type here to search Saved JU! O ACCT 201 Ch x Save & Exit Submit 19 min delay on I-75 N x + Check my work CD ☆ F 4 4:36 PM 1/31/2024
Assignments: 202 × M Question 11 - Fina X b Success Confirma X MONK Art Beyond the CI... M Question Mode: M... Final: Part 2 (Problems) i 00:57:08 Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmgh... Unit A QS 26-17 (Algo) X Unit B Totals Acct: chapter 4 (C... M Question Mode: Fi... Rental value 11 A company purchases a 6,552-square-foot building for $375,000. The building has two separate rental units. Unit A, which has the desirable location on the corner and contains 1,872 square feet, will be rented for $2.50 per square foot. Unit B contains 4,680 square feet and will be rented for $1.50 per square foot. How much of the joint cost should be allocated to Unit A and to Unit B using the value basis of allocation? Percent of rental value Numerator Denominator % of Mkt Value Answered: At the X 0.00% Prev Saved Joint Cost 洛杉矶华人资讯网× 11 of 13 Allocated cost 洛杉矶华人资讯网× Next > Help Financial literacy X…
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Can you send another picture or write it down cuz i dont understand
u Online Cour X (78) Whats x M Your AccoL X M Inbox (2,74 X SP2021-AC X Answered: Ek My Home * CengageN X Bartleby Q x + D X A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true FMovies | Watch M. BIO201 Connect 10. M Gmail > YouTube Fourth Homework O eBook Patents 6. MC.12.06 Instructions Chart Of Accounts General Journal 7. MC.12.07 Instructions 8. MCС.12.08 Mystic Pizza Company purchased a patent from Prime Pizza Plus on January 1, 2019, $72,000. The patent has a remaining legal life of 9 years. 9. МC.12.09 Required: 10. MC.12.10 Prepare the journal entries to record the acquisition and the amortization for 2019, assuming Mystic Pizza amortizes its patents using the 11. RE.12.01.BLANKSHEET straight-line method over the life of the asset. 12. RE.12.02 13. RE.12.03.BLANKSHEET 14. RE.12.04.BLANKSHEET 15. RE.12.05.BLANKSHEET 16. RE.12.06.BLANKSHEET 17. RE.12.07.BLANKSHEET 18. RE.12.08 O V I 12:52
I need help on solving gold section if the problem?
Question list O Question 1 O Question 2 O Question 3 O Question 4 More Info N 1 2 3 4 5 6 7 8 9 10 To Find F Given P FIP 1.1200 1.2544 1.4049 1.5735 1.7623 1.9738 2.2107 2.4760 2.7731 3.1058 K 0.8929 0,7972 0.7118 0.6355 0.5674 0.5066 0.4523 0.4039 Most likely estimates for a project are as follows. 0.3606 0.3220 To Find P Given F PIF Choose the correct choice below. Determine whether the statement "This project (based upon the most likely estimates) is profitable." is true or false. ✔Click the icon to view the relationship between the PW and the percent change in parameter. Click the icon to view the interest and annuity table for discrete compounding when the MARR is 12% per year False O True To Find F Given A FIA 1.0000 2.1200 3.3744 4.7793 6.3528 8.1152 10.0890 12.2997 14.7757 17.5487 To Find P Given A PIA 0.8929 1.6901 2.4018 3.0373 3.6048 4.1114 4.5638 4.9676 5.3282 5.6502 To Find A Given F AIF 1.0000 04717 0.2963 0.2092 0.1574 0.1232 0.0991 0.0813 0.0877 0.0570 To Find A Given P…
7:27 f t < Session[1].docx - Word ✓ Qo 138 - 21 Paragraph O References Mailings Review View Help BLUEBEAM One day you're going to miss my boring texts ## TO Accessibility: Investigate Search Costs to date Estimated costs to complete Progress billings during the year Cash collected during the year hoher webb ng Normal ||| No Spacing Styles Acrobat 2021 $ 980,000 3,020,000 1,000,000 648,000 Go to website O Heading 1 √ Calculate the amount will be reported for accounts receivable on the statement of financial position at December 31, 2022. 3. Accounts Receivable on the Statement of Financial Position at December 31, 2022 for Newton Corp.: Accounts Receivable is calculated as the cumulative billings to date minus the cumulative cash collected: Accounts Receivable at December 31, 2022 = Cumulative Billings- Cumulative Cash Collected Accounts Receivable at December 31, 2022 = ($1,000,000+ $1,000,000) - ($648,000+ $1,280,000) = $2,000,000 - $1,928,000 = $72,000 Therefore, the amount reported…
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