Business, 23.11.2019 00:31, holmesleauja
Prepare journal entries to record these transactions. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts.)
(a) sandhill co. retires its delivery equipment, which cost $49,500. accumulated depreciation is also $49,500 on this delivery equipment. no salvage value is received.
b) assume the same information as in part (a), except that accumulated depreciation for the equipment is $36,510 instead of 49,500.
Answers: 3
Business, 22.06.2019 09:40, Tyrant4life
Henry crouch's law office has traditionally ordered ink refills 55 units at a time. the firm estimates that carrying cost is 35% of the $11 unit cost and that annual demand is about 240 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal?
Answers: 2
Business, 22.06.2019 15:20, alex12everett
Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.
Answers: 1
Prepare journal entries to record these transactions. (if no entry is required, select "no entry" fo...
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