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00 X + Create 24 Find text or tools Q ℗ 4 Question 4 The following cash book receipts can be found in the books of Bushveld Traders for April 2024: X 2024 Al Assistant (Marks:15) Doc No Day e DR510 1 Jock Bush Α B/S 04 8 00 Jedi Dealers Internet sales A Details Fol. Analysis of Receipts (R) Bank (R) Debtors Control (R) Output VAT (R) Sales Sundries (R) Amount Fol. Details 82 080 00 82 080 00 82 080 00 Capital 75 753 00 9 880 83 65 872 17 B C B/S 04 15 Blah Bank: Interest 906 30 on deposit D E FL G DS327 21 Stuart Smith cash 17 907 12 17 907 12 sales H DS328 24 Commercial 8 406 36 8 406 36 B/S 04 DS329 27 DR511 30 26 Tenant: Bill Tong Norma Edwards J K L 6 947 35 6.947 35 B Belton cash sales 84 303 00 84 303 00 10 996 04 73 306 96 Steve Brown ? M N 352 431 01 O 154 750 54 ? Abbreviations in the Document Number column: DR, B/S, and DS, indicate Duplicate Receipts, Bank Statement and Duplicate Cash Slips respectively. Required: ments Fill in the missing amounts/details for the letters A…

Glew Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Cost per Unit $ 6.00 $ 3.35 $ 1.75 $ 1.00 $ 0.40 Cost per Period $ 8,800 Variable administrative expense Fixed selling and administrative expense $ 4,000 If 3,000 units are produced, the total amount of indirect manufacturing cost incurred is closest to:

Question 18 Riggy Company provided you with the unadjusted selected accounts on December 31, 200E. P 850,000 50.000 P S00.000 Sales Less: Sales renurns Net Sales P 74,000 12,000 P 62,000 Accounts Receivable Less: Allow, for bad debts Net Realazable value Beginning inventory Ending inventory P45,000 60,000 Freight in Freight out 12,000 20,000 If bad debts are estimated to be 2% of Sales, how much would be debited to bad debts? P4,000 P 17,000 P 16,000 P5,000

46 llE9 b M 59% O 2:23 8 docs.google.com/forms/c 42 The following accounts are extracted from the worksheet of X Company on December 31, 2020 Sales Retums and Allowances $410,000 Sales Discount 140,000 Sales 1,500.000 Salaries Expenses - Sales 52,000 Rent Revenue 22,000 Purchases Retums and Allowances 120,000 Purchases 600,000 Loss from write down of Inventory 17,000 Inventory, January 1, 2020 460,000 Interest Expense 55,000 Gain from Sale of Building 23,000 Freight-out 14,000 Freight-in 30,000 Depreciation Expense - Sales 22,000 Cost of Goods Sold 600,000 Based on the data above, the inventory account showed a balance of $------ on December 31, 2020: $340,000 $370,000 $354,000 None of the above

0.69 8:34 KB/S 2:44 5G Vo 1 LTE 2 +91 98156 34462 Yesterday, 9:12 pmek 2.docx ACC1310 Lab 1-Week 2 Accounts Receivable Bad Debts • Recording Bad Debt - Percentage of sales Aging of receivables • Write off Bad Debt • Recovery of Bad Debt QS 8-1 Entries for sale on credit and subsequent collection LO1 Journalize the following transactions for Kimmel Company (assume a perpetual inventory system): a. On March 1, Kimmel Company sold $40,000 of merchandise costing $32,000 on credit terms of n/30 to JP Holdings. b. On March 27, JP Holdings paid its account in full. QS 8-5Adjusting entry to estimate bad debts- percentage of sales LO2,3 Lexton Company uses the allowance method to account uncollectible accounts receivable. At year-end, October 31, it was estimated that 0.6% of net credit sales were uncollectible based on past experience. Net sales were $690,000, of which 2/3 were on credit. Record the entry at year-end to estimate uncollectible receivables. QS 8-6Adjusting entry to estimate bad…

2:31 G ileo The following are taken from the records of Debit Credit Sales P764985 Purchase Discount 8200 Purchase returns and allowances 5465 Purchases 159990 Freight-in 9180 Sales Discount 13300 Sales returns and allowances 5455 Depreciation expense Amortization expense 25000 10000 Salarics cxpcnsc Utilities expense Advertising cxpensc Rent expense 80000 55000 35000 60000 Interest incomc 5440 Interest expense 5677 Gain on salc of PPE 5465 Bad debts expense ? Humility Company for the year ended December 31, 2019: Based on actual physical count, inventory balance are as follows: January 1, 2019 December31, 2019 P25455 P20765 Bad debts expense is 4% of net sales. Classify the bad debt expense as a general and administrative expense. 1. Determine the following: а. Net sales b. Net purchases I U A II B