Your answer is incorrect.Compute the accounts receivable turnover for 2022.Accounts receivable turnovereTextbook and Media urrent Attempt in ProgressPina Colada Corp had accounts receivable of $140.000 on January 1,2022. The only transactions that affected accounts receivable during 2022 were not credit sales of $4,950.000, cash collections of 54.850,000, and accounts written off of$50,000ta)Compute the ending balance of accounts receivableEnding balance of accounts receivableYour answer is correct(b)PTextbook and Media.Yanis correctS110000Attempts 1 of SunedSUPE

Lets understand the basics.Accounts receivable turnover ratio indicates how many times accounts…

Pina Colada Corp had accounts receivable of $140.000 on January 1 2022. The only transactions that affected accounts receivable during 2022 were net credit sales of $4.950.000, cash collections of $4.850,000, and accounts written off c $50,000 La) Your wris Corect Compute the ending balance of accounts receivable Ending balance of accounts receivable eTextbook and Media (64 110000 Attempts 1 of Sune SUP

Pina Colada Corp had accounts receivable of $140.000 on January 1 2022. The only transactions that affected accounts receivable during 2022 were net credit sales of $4.950.000, cash collections of $4.850,000, and accounts written off c $50,000 La) Your wris Corect Compute the ending balance of accounts receivable Ending balance of accounts receivable eTextbook and Media (64 110000 Attempts 1 of Sune SUP

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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Can you also send me how to do this one? 2. Refer to the data below for XYZ Corporation. Credit sales during 2018 850,000 Accounts Receivable—January 1, 2018 334,000 Collections from credit customers during 2018 725,000 Estimated uncollectible accounts based on an aging analysis 13,200 Customer accounts written off as uncollectible during 2018 12,000 Allowance for doubtful accounts 1,700(after write-off of uncollectible accounts) Answer the following questions using the above data: A. What is the balance of Accounts Receivable at December 31, 2018? B. If the aging approach is used to estimate bad debts, what should the balance in Allowance for Doubtful Accountsbe after the bad debts adjustment? C. If the aging approach is used to estimate bad debts, what amount should be recorded as bed debts expense for2018?
Please help me to solve this problem
The accompanying table, Data table Date Deposit (Withdrawal) Date Deposit (Withdrawal) 1/1/20 $8,000 1/1/22 $3,272 1/1/21 $(6,540) 1/1/23 $5,255 (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) , shows a series of transactions in a savings account. The account pays 5% simple interest, and the account owner withdraws interest as soon as it is paid. Calculate the following: a. The account balance at the end of each year. (Assume that the account balance at December 31, 2019, is zero.) b. The interest earned each year. c. The true rate of interest that the investor earns in this account. Question content area bottom Part 1 a. The account balance at the end of 2020 is $8,0008,000. (Round to the nearest dollar.) Part 2 The account balance at the end of 2021 is $1,9531,953. (Round to the nearest dollar.)
Please answer following question Q5: Company Name Net Credit Sales Beginning Net Receivables Ending Net Receivables Brown $180,000 $ 5,000 $30,000 Pink $400,000 $52,000 $42,000 Yellow $ 75,000 $ 5,400 $ 5,800 (a)Which company is doing the best job of managing its accounts receivable? Why? Be sure to support your answer with computations. (b)What are your concerns about these companies? BR,
vi.3
Charlston Inc. has accounts receivable of $110,000 in an allowance for doubtful accounts of $17,000. If it writes off a customer account balance of $1700 what is the amount of its net accounts receivable? A) 93,000 B) 108,300 C) 91,300 D) 110,000
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The accounts receivable account has a debit balance of $214,000 and the allowance for uncollectible accounts has a credit balance of $8,000. What is the "net accounts receivable (net realizable value)" that will be shown on the balance sheet? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 ASUS f4 f5 f7 f8 f6 [X f9 f10 f11 4. 6 7 8 9. Y U 5 图 %24