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Please provide a narrative when doing questions 1-4. Thank you.

Required: Assume credit sales for 2019 were $312,000 and that on December 31, 10% of credit sales are estimated to be uncollectible. Using the percentage of sales method:Determine the amount to be charged to the uncollectible expense account.Prepare the Allowance for uncollectible account. Prepare the balance sheet extract to show the net realizable value of the Accounts Receivable as at December 31 Journal Entries Date Particulars Debit($) Credit($) 10.1.20 Accounts Receivable 11000              To sales   11000         15.5.20 Allowance for uncollectible accounts(2500+400) 2900              To accounts receivable   2900         4.8.20 Cash(70% of 11000) 7700     Allowance for uncollectible accounts(30% of $11000) 3300              To Accounts Receivable   1100         26.10.20 Accounts Receivable(30% of $400) 120              To allowance for uncollectible accounts   120         26.10.20 Cash  120              To accounts receivable   120…

Brickman’s ending balance of Accounts Receivable is $19,500. Use the data in the preceding question to compute the net realizable value of Accounts Receivable at year-end. $16,800  $19,500  $17,400 $17,900

The following is select financial statement information from Vortex Computing: Year Net Credit Sales Ending Accounts Receivable 2018 $1,557,200 $398,000 2019 $1,755,310 $444,400 2020 $1,865,170 $500,780   Compute the accounts receivable turnover ratios and the number of days’ sales in receivables ratios for 2019 and 2020 (round answers to two decimal places): 2019 Accounts Receivable Turnover =                           ["", "", "", ""]            times. 2019 Days' Sales in Receivables =                           ["", "", "", ""]            days. 2020 Accounts Receivable Turnover =                           ["", "", "", ""]            times. 2020 Days' Sales in Receivables =                           ["", "", "", ""]            days.

The following is select financial statement information from Vortex Computing: Year Net Credit Sales Ending Accounts Receivable 2018 $1,557,200 $398,000 2019 $1,755,310 $444,400 2020 $1,865,170 $500,780   Compute the accounts receivable turnover ratios and the number of days’ sales in receivables ratios for 2019 and 2020 (round answers to two decimal places): 2019 Accounts Receivable Turnover =       ["", "", "", ""]  times. 2019 Days' Sales in Receivables =       ["", "", "", ""]  days. 2020 Accounts Receivable Turnover =       ["", "", "", ""]  times. 2020 Days' Sales in Receivables =       ["", "", "", ""]  days.  What do the outcomes tell a potential investor about Vortex Computing, if 2020 industry average for accounts receivable turnover ratio is 4.00 times and days’ sales in receivables ratio is 91.25 days? It takes Vortex Computing       ["", "", ""]  its competitors in the industry to collect on accounts receivable. If a lender were deciding between companies,…

I need this general accounting question answers

Summary information for a company's accounts receivable is provided below. Accounts receivable (gross) Allowance for uncollectible accounts Accounts receivable (net) End of 2022 End of 2021 $152,064 1,751 $88,000 2,279 $150,313 $85,721 You begin your analysis by calculating the allowance account as a percentage of gross accounts receivable for each year. 1. What do you observe when comparing this percentage from end of 2021 to end of 2022? 2. Identify two possible reasons that could explain the change in this percentage.

The Rivers Company reports the following data relative to accounts receivable. The terms of sale are net 30 days. (check the attached photo) Requirement: (A) Compute the accounts receivable turnover and (B) the collection period.

The following data are taken from or calculated from the financial statements:   Current Preceding   Year Year Average accounts receivable (net) $123,000 $ 95,000 Sales on account 950,000 825,000 ​ (a) Assuming that credit terms on all sales are n/45, determine for each year (1) the accounts receivable turnover and (2) the number of days' sales in receivables.Round intermediate calculations to whole numbers and final answers to two decimal places. (b) Comment on any significant trends revealed by the data. ​

Record the sale by Balus Company of $136,000 in accounts receivable on May 1. Balus is charged a 3.00% factoring fee. View transaction list Journal entry worksheet 1 > Record the sale of receivable. Note: Enter debits before credits. Date General Journal Debit Credit May 01 Record entry Clear entry View general journal

Accounts receivable turnover and days' sales in receivables Financial statement data for years ending December 31 for Schultze-Solutions Company follow: 20Y2 20Y1 Sales $1,848,000 $1,881,000 Accounts receivable: Beginning of year 195,300 184,700 End of year 224,700 195,300 a. Determine the accounts receivable turnover for 20Y2 and 2OY1. If required, round the final answers to one decimal place. Accounts Receivable Turnover 20Y2 20Y1 b. Determine the days' sales in receivables for 20Y2 and 20Y1. Use 365 days, if required round the final answers to one decimal place. Days' Sales in Receivables days 20Y2 days 20Y1 Pre roreivable turnover and the davecalos in rereivahles fronm 20Y1 to 20Y2 indicate a favorahle or unfavorahle change?

A company reports the following: Line Item Description Amount Sales $235,060 Average accounts receivable (net) 51,100 Determine (a) the accounts receivable turnover and (b) the days’ sales in receivables. When required, round your answers to one decimal place. Assume a 365-day year. Line Item Description Answer a.  Accounts receivable turnover   b.  Days' Sales in Receivables

Assume credit sales for 2019 were $312,000 and that on December 31, 10% of credit sales are estimated to be uncollectible. Using the percentage of sales method: Determine the amount to be charged to the uncollectible expense account. Prepare the Allowance for uncollectible account. Prepare the balance sheet extract to show the net realizable value of the Accounts Receivable as at December 31.

Please help me with show all calculation thanku