As of December 31 of the current year, records show the following. Cash Accounts receivable Office supplies Land Accounts payable Wages payable Notes payable Consulting revenue Rental revenue Wages expense Interest expense Advertising expense Selling and administrative expenses $13,000 10,500 7,500 6,500 3,500 14,000 4,500 37,500 25,000 21,500 2,500 13,500 9,500 Prepare the income statement for the current year ended December 31. Revenues Total revenues Expenses Income Statement For Current Year Ended December 31

The following information relates to a company’s accounts receivable: gross accounts receivable balance at the beginning of the year, $300,000; allowance for uncollectible accounts at the beginning of the year, $25,000 (credit balance); credit sales during the year, $1,500,000; accounts receivable written off during the year, $16,000; cash collections from customers, $1,450,000. Assuming the company estimates that future bad debts will equal 10% of the year-end balance in accounts receivable. 1. Calculate bad debt expense for the year.2. Calculate the year-end balance in the allowance for uncollectible accounts.

Complete the attached excel sheet using the data

The following information relates to a company’s accounts receivable: gross accounts receivable balance at the beginning of the year, $350,000; allowance for uncollectible accounts at the beginning of the year, $24,000 (credit balance); credit sales during the year, $1,200,000; accounts receivable written off during the year, $15,000; cash collections from customers, $1,100,000. Assuming the company estimates that future bad debts will equal 12% of the year-end balance in accounts receivable.1. Calculate bad debt expense for the year.2. Calculate the year-end balance in the allowance for uncollectible accounts.

How effective is the organization in collecting its receivables?   Use the Hillside, Inc. Balance Sheet information in cells A2 through D18 and cells A21 through B38 to complete the Financial Performance Calculations in cells A40 through C60. Table 1: Hillside, Inc. Balance Sheet ($ in Millions)             ASSETS   LIABILITIES         Cash & Marketable Securities                 449.90 Accounts Payable  1,611.20       Accounts Receivable                 954.80 Salaries Payable     225.20       Inventories              3,645.20 Other Current Liabilities  1,118.80       Other Current Assets                 116.60 Total Current Liabilities  2,955.20         Total Current Assets              5,165.27               Other Liabilities     693.40       Machinery & Equipment              1,688.90           Land              1,129.70   Total Liabilities  3,648.60       Buildings              2,348.40           Depreciation               (575.60) SHAREHOLDER'S…

Subject - account  Please help me.  Thankyou

Based on the following information, prepare the weekly entries for cash receipts from service fees and cash short and over. A change fund of $100 is maintained. Date Change Fund Cash Register Receipt Amount Actual Cash Counted General Journal June 1 $100 $330.00 $433.00 GENERAL JOURNAL 8 100 297.00 400.00 DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT 15 100 233.00 331.00 22 100 302.00 396.50 2 29 100 316.00 412.00 3 Required: Prepare the weekly entries for cash receipts from service fees and cash short and over. 5 6 7 8 1,

Prepare the weekly entries for cash receipts from service fees and cash short and over

Indicate the missing posting reference and amount in the control account, and the missing ending balance in the subsidiary ledger. GENERAL LEDGER Accounts Payable Feb. 15 General journal 1,400 Feb. 1 Balance 26,005 Feb. 28                                                                       General journal cash receipts cash paymentsSalespurchases   Feb. 5 General journal 270       Feb. 11 General journal 530       Feb. 28 Purchases 13,350       Feb. 28 Balance 9,430   ACCOUNTS PAYABLE LEDGER Benton      Feb. 28       Bal. 4,520 Dooley      Feb. 28       Bal. 2,210 Parks      Feb. 28       Bal.   Indicate the amounts in the control account that were dual-posted (i.e., posted to the control account and the subsidiary accounts). Amounts in the control account (Dr.)   $ (Cr.)   $ (Cr.)   $

Classifying Items Related to Receivables and Payables in a Balance Sheet When examining the accounts of WholeFoods Company, we ascertain that balances relating to both receivables and payables are included in a single controlling account (called receivables), which has an $7,200 debit balance. An analysis of the details of this account reveals the following.   Items Debit Credit Accounts receivable—customers $16,000   Accounts receivable—officers (current collection expected) 1,000   Travel advances to sales staff 400   Accounts payable for merchandise   $7,700 Unpaid salaries   1,320 Credit balances in customer accounts (accounts receivable)   800 Cash received in advance from customers for goods not yet shipped   180 Allowance for doubtful accounts, adjusted   200   Indicate how each of the items should be reported on WholeFoods Company’s balance sheet.   Some accounts below may have a zero balance. Do not use negative signs in your answers. Cash and…