The following information pertains to spee co.'s 20x1 sales: cash salesgross $40,000returns and allowances 2,000credit salesgross 60,000discounts 3,000on january 1, 20x1, customers owed spee $20,000. on december 31, 20x1, customers owed spee $15,000. spee uses the direct write-off method for bad debts. no bad debts were recorded in 20x1. under the cash basis of accounting, what amount of revenue should spee report for 20x1? a. $100,000b. $95,000c. $85,000d. $38,000

Unrecorded depreciation on the trucks at the end of the year is $40,000. the total amount of accrued interest expense at year-end is $6,000. the cost of unused office supplies still available at year-end is $2,000. 1. use the above information about the company’s adjustments to complete a 10-column work sheet. 2a. prepare the year-end closing entries for dylan delivery company as of december 31, 2017. 2b. determine the capital amount to be reported on the december 31, 2017 balance sheet.

What is the connection between digital transformation and customer experience

On july 2, year 4, wynn, inc., purchased as a short-term investment a $1 million face-value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, year 11, and pay interest annually on january 1. on december 31, year 4, the bonds had a fair value of $945,000. on february 13, year 5, wynn sold the bonds for $920,000. in its december 31, year 4, balance sheet, what amount should wynn report for the bond if it is classified as an available-for-sale security?