The following are selected items from Oak Hotel's most recent financial 2020 2019 Food & Beverage Revenue $1,231,000 $1,150,000 Room Rental Revenue $3,180,000 $2,921,000 Number of Rooms 93 Occupancy Rate 76% a) Determine the food and beverage sales to room rental revenue percentage for 2019 and 2020. Do not enter dollar signs or commas in the input boxes. Round the percent of food and beverage revenue to room rental revenue to 1 decimal place. 93 82% Percent of Food & Beverage Revenue to Room Rental Revenue 38.70 Sales Revenue per Available Room $ Check 2020 2020 b) The hotel is open 365 days a year. Determine the sales revenue per available room for 2019 and 2020. Do not enter dollar signs or commas in the input boxes. Round the sales revenue per available room to 2 decimal places. 2019 % 39.40 2019 %

The following are selected items from Oak Hotel's most recent financial 2020 2019 Food & Beverage Revenue $1,231,000 $1,150,000 Room Rental Revenue $3,180,000 $2,921,000 Number of Rooms 93 Occupancy Rate 76% a) Determine the food and beverage sales to room rental revenue percentage for 2019 and 2020. Do not enter dollar signs or commas in the input boxes. Round the percent of food and beverage revenue to room rental revenue to 1 decimal place. 93 82% Percent of Food & Beverage Revenue to Room Rental Revenue 38.70 Sales Revenue per Available Room $ Check 2020 2020 b) The hotel is open 365 days a year. Determine the sales revenue per available room for 2019 and 2020. Do not enter dollar signs or commas in the input boxes. Round the sales revenue per available room to 2 decimal places. 2019 % 39.40 2019 %

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 10EB: Starlight Enterprises has net credit sales for 2019 in the amount of $2,600,325, beginning accounts...

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The balances at the end of each year are as follows: December 31, 2019 December 31,2020 $ $ Inventory 41,000 48,500 Trade receivables 29,300 35,750 Prepaid rent 500 600 Fixtures (net) 20,000 19,000 Trade payables 19,500 19,000 Debit card receivables 1,325 750 Required: d. Prepare the Debit Card Receivables Account
Chapter : Adjustment financial statements
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Subject :- Account
Al Hajar Co. provides you the following account balances for the year ended on 31 December 2019. Sales Revenue OMR 100,000 Cr. Accounts Receivable OMR 25,000 Dr. Allowance for Doubtful accounts OMR 1000 Cr. Scenario 1 Bad debts are estimated based on the aging schedule given below Aging class Receivable Balance (OMR) Estimate % of uncollectible 0–30 days 15,000 10 31–60 days 5,000 15 61–90 days 3,500 20 Over 90 days 1,500 25 Actual bad debt - OMR 1,100 and amount recovered - OMR 800. Scenario 2 Estimated amount of bad debts - 12% of receivables, Actual bad debt - OMR 1,500 and amount recovered later on - OMR 900. Scenario 3 Estimated amount of bad debts - 3.5% of Sales, Actual bad debt - OMR 1,300 and amount recovered - OMR 1000. Required: For each scenario given above; a)Estimate the uncollectible amounts. b)Pass adjusting entry to record the estimated uncollectible. c)Pass all the journal entries for actual write off and recovery…
Presented below is an aging schedule for Kingbird Company at December 31, 2021. Anders Blake Coulson Deleon Others Customer Estimated Percentage Uncollectible Total Estimated Bad Debts Total $ 24,100 40,100 56,100 33,600 130,600 $284,500 $ 34,385 Not Yet Due $ 40,100 16,300 96,600 $153,000 3% $4,590 1-30 $10,200 5,000 15,100 Number of Days Past Due 5% 31-60 $13,900 13,400 $30,300 $27,300 $34,800 13% 61-90 $1,515 $3,549 $34,800 25% $8,700 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,800. Over 90 $33,600 5,500 $39,100 41% $16,031 Journalize and post the adjusting entry for uncollectibles at December 31, 2021. (Credit account titles are automatically indented when amount is enter Date Dec. 31 ad Debts Expense Date Explanation Dec. 31 Adjusting Allowance for Doubtful Accounts Date Explanation Dec. 31 Balance Account Titles Dec. 31 Adjusting Ref. Ref. Debit Debit Debit Credit Credit Credit Balance Balance
Rasheed Company uses net method to record the sales made on credit. On June 30, 2019, it made sales of $45,000 with term 2/15, n/45. Prepare the required journal entries, if: On July 22 Rasheed company received full payment.
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What is the answer in D?
Refer to the following selected financial information from Weekend Getaways Incorporated Compute the company's days' sales uncollected for Year 2. (Use 365 days a year.) Accounts receivable, net Net sales Multiple Choice O O 39.9. 43.8. 45.5. 38.4. 42.7. Year 2 98,760 823,000 Year 1 86,600 793,000
Question 3?