subject
Business, 07.10.2019 18:00 itscheesycheedar

2018: issued $10,000 of common stock for cash. provided $90,000 of services on account. provided $29,000 of services and received cash. collected $61,000 cash from accounts receivable. paid $20,000 of salaries expense for the year. adjusted the accounting records to reflect uncollectible accounts expense for the year. leach estimates that 8 percent of the ending accounts receivable balance will be uncollectible. 2019: wrote off an uncollectible account for $730. provided $110,000 of services on account. provided $25,000 of services and collected cash. collected $92,000 cash from accounts receivable. paid $24,000 of salaries expense for the year. adjusted the accounts to reflect uncollectible accounts expense for the year. leach estimates that 8 percent of the ending accounts receivable balance will be uncollectible. d-1. organize the transaction data in accounts under an accounting equation. d-2. prepare an income statement for 2019. d-3. prepare the statement of changes in stockholders' equity for 2019. d-4. prepare the balance sheet for 2019. d-5. prepare the statement of cash flows for 2019. d-6. what is the net realizable value of the accounts receivable at december 31, 2019?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 06:10
Investment x offers to pay you $5,700 per year for 9 years, whereas investment y offers to pay you $8,300 per year for 5 years. if the discount rate is 6 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) present value investment x $ investment y $ if the discount rate is 16 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) present value investment x $ investment y
Answers: 1
question
Business, 22.06.2019 20:00
Ryngard corp's sales last year were $38,000, and its total assets were $16,000. what was its total assets turnover ratio (tato)? a. 2.04b. 2.14c. 2.26d. 2.38e. 2.49
Answers: 1
question
Business, 22.06.2019 20:10
Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost.refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account
Answers: 3
question
Business, 22.06.2019 23:30
Match the different financial tasks to their corresponding financial life cycle phases wealth protection, wealth accumulation and wealth distribution
Answers: 3
You know the right answer?
2018: issued $10,000 of common stock for cash. provided $90,000 of services on account. provided $2...
Questions
question
History, 19.11.2020 21:00
question
Mathematics, 19.11.2020 21:00
Questions on the website: 13722363