Wohoo Publishers uses the allowance method to estimate uncollectible accounts receivables. The company produced the following aging of the accounts receivable at year-end (Y in thousands). Accounts receivable % uncollectible Estimated bad debts Total 200,000 0-30 days 77,000 2% 31-60 days 46,000 5% 61-90 days 91-120 days 39,000 6% 23,000 10% Over 120 days 15,000 25%

All reconciling items are used to determine the adjusted cash balance per books require the account owner to make adjusting entries to it’s cash account. True or false?

The actual cash received from cash sales was $13,712 and the amount indicated by the cash register total was $13,688. Journalize the entry to record the cash receipts and cash sales. For a compound transaction, if an amount box does not require an entry, leave it blank.

1.Journalize and post transactions on account to the cash payments j ournal   2.Complete the petty cash report by classifying each expense to compute the actual cash on hand.   3.Print the cash paymentsjournal and petty cash report.   The cash paymentsjournal and a petty cash report for Electronic Source are given in the Worlting Papers.   Instructions:   Use page 9 of a cash payments journa l tojourna lize the following transactions completed during September of the cun-ent year.Source documents are abbreviated as follows check,C;purchase invoice,P.Save your work to complete Problem 9-S.   Transactions: Sept 2.Paid cash for advertising, $125.00.C388.   5.Paid cash on account to Henson Audio, $2,489.00, covering P346,less 2% discount. C389.   8.Paid cash for heating bill, $240.00.C390 .   10.Paid cash on account to Peterson Electronics,$3,484.00 covering P349,less 2% discount.C391.   12.Paid cash for office supplies,$43.00.C392$.   15.Paid cash to KLP Mfg.for merchandise with a list…

The actual cash received from cash sales was $32,443, and the amount indicated by the cash register total was $32,473. Journalize the entry to record the cash receipts and cash sales. If an amount box does not require an entry, leave it blank. blank Account Debit Credit blank