A) ARTEK cO. is a merchandising company selling OFFICE SUPPLIES, Company's 01.01.2019 Balance Sheet Accounts are; Cash 45.000 TL, Account Payable 25.000 TL, Machinary 85.000TL, Bank Credit 65.000TL, Bank 90.00OTL, Note Payable 60.000TL , Merchandise 130.000TL ,Account Receivable 75.000TL, Capital ?TL.

Q3: Salalah company’s recent financial statements showed the following information.   Net Sales 250,000 OMR Accounts Receivables 180,000 OMR   The management made two estimates for the uncollectible receivables It can be 4.5 % of net sales or It can be 3.2 % of accounts receivables   Calculate and record journal entries in each case.   If the company had already recognized an allowance amount of 8,000 OMR, make the journal entry. In this question, make the solution only for net sales case

The Yankee Corporation has recently begun to accept credit cards. On July 7, Year 1, Yankee made a credit card sale of $600. Assume that the credit card fee is recorded on the date of sale and that the credit card company charges a fee of 3% for handling a credit card transaction. Which of the following correctly shows the effects of the sale on July 7? Assets 600 A. B. 582 C. 582 D. 600 Multiple Choice O Balance Sheet Liabilities + 18 ΝΑ ΝΑ ΝΑ Option B Option D Option C Option A Stockholders' Equity 582 582 582 600 Revenue 582 600 600 600 Income Statement Expense = Net Income Statement of Cash Flows ΝΑ ΝΑ 18 582 0A 18 ΝΑ 582 582 582 600 ΝΑ ΝΑ

Blossom Company has a balance in its Accounts Receivable control account of $11,300 on January 1, 2022. The subsidiary ledger contains three accounts: Bixler Company, balance $4,200: Cuddyer Company, balance $2,200, and Freeze Company. During January the following receivable-related transactions occurred. Bixler Company Cuddyer Company Freeze Company (a) Credit Sales Collections $9,000 $7,900 2.600 8.800 7.100 8.500 Returns $0 3.000 Balance in the Freeze Company subsidiary account S 0 What is the January 1 balance in the Freeze Company subsidiary account?

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,

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Tanger Company has three customers: E, F, and G. The beginning accounts receivable subsidiary ledger of customers F and G have $2,600 and $1,500, respectively. The beginning Accounts Receivable balance in the general ledger is $12,000. Calculate the ending amount in the accounts receivable subsidiary ledger account of customer E, if customer E also made a $3,900 payment. OA. $4,000 OB. $3,900 OC. $1,500 OD. $2,600