Sales to customers who use bank credit cards such as MasterCard and Visa are usually recorded by a(n) _____. a.increase in Cash, increase in Credit Card Expense, and increase in Sales b.increase in Cash, decrease in Credit Card Expense, and increase in Sales c.decrease in Sales, increase in Credit Card Expense, and decrease in Cash d.decrease in Bank Credit Card Sales, increase in Credit Card Expense, and increase in Sales

WalCo, Incorporated's receivable turnover ratio has been steadily increasing over time. Required: 1. Is WalCo getting more or less efficient at managing its receivables? 2. Identify several possible explanations for such a change in the receivable turnover ratio. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Identify several possible explanations for such a change in the receivable turnover ratio. Note: Select all that apply. Screen credit customers more thoroughly Follow up on unpaid invoices more aggressively Incentivize customers to pay their invoices Shift sales strategy to higher-risk customers with higher profit potential

Action Signs recorded credit sales of $10,000 on the gross method. Terms are 2/20, n/30. How would the entry to this sale be recorded? cash decreases by $3,000 sales discounts increase by $200 sales increases by $9,800 accounts receivable increases by $10,000

Can you also send me how to do this one? 2. Refer to the data below for XYZ Corporation.   Credit sales during 2018 850,000   Accounts Receivable—January 1, 2018 334,000 Collections from credit customers during 2018 725,000 Estimated uncollectible accounts based on an aging analysis 13,200 Customer accounts written off as uncollectible during 2018 12,000 Allowance for doubtful accounts 1,700(after write-off of uncollectible accounts) Answer the following questions using the above data: A. What is the balance of Accounts Receivable at December 31, 2018? B. If the aging approach is used to estimate bad debts, what should the balance in Allowance for Doubtful Accountsbe after the bad debts adjustment? C. If the aging approach is used to estimate bad debts, what amount should be recorded as bed debts expense for2018?

Match the term with its definition. Allowance Method Cash Factoring Net Realizable Value Percentage-of-Receivables Method Restricted Cash A procedure that records unc [Choose ] Time Elapsed: Hide Time Attempt due: Apr 7 at 11:59pm 18 Hours, 38 Minutes, 32 Seconds The amount of the accounts receivable balance that the company actually expects to receive. Correct Answer A procedure that records uncollectible accounts by recording the bad debt expense on an estimated basis in the accounting period in which the sale on accout takes place. C A method of selling accounts receivable where the seller guarantees payment to the purchaser in the event the debtor fails to pay. Correct Answer short term investments with a maturity date of three months or less Generated through transactions from customers for goods bought or services rendered. Correct Answer When material, is required to be segregated and shown as either a current or long term asset on the balance sheet depending on it's expected…

Notes Receivables & Accounts Receivables How are accounts receivables like notes receivables, in that notes receivables can be sold to other parties and are used to extend credit to customers? Please explain.

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,

11 When credit card sales occur, the seller may receive cash immediately, or within a few days, depending upon the specific credit card program being used. Group starts True or False

The following relate to Minnie’s financial statements for the year ended 30 April 20X6. Some customers took advantage of the cash settlement discount when they were not expected to. Trade receivables control account balance at 1 May 20X5                  $101,477 Receipts from credit customers                                                             $93,457 Credit sales                                                                                            $57,133 Cash sales                                                                                             $14,086 Dishonoured cheques from credit customers                                         $570 Contra with the trade payables ledger                                                    $9,040 Cash settlement discounts taken by customers                                      $1,033 What should the balance on the trade receivables control account be at 30 April 20X6? A. $54,510 B. $56,576 C. $55,650 D. $73,730

As a company accounts payable​ manager, which of the following credit terms are most likely to entice you to take the cash​ discount? A. ​2/10 net 90 B. ​1/10 net 45 C. ​2/10 net 60 D. ​1/10 net 30