EXCEL TEMPLATES - Chapter 3

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Following is information from Fredrickson Company for its first month of business. Cash Collections Jan. 20 Stern Company 28 Diaz Brothers 31 Rex Company Credit Sales Jan. 10 Stern Company 19 Diaz Brothers 23 Rex Company $4,200 1,700 2,650 1. Journalize the above transactions in the accounts receivable subsidiary ledger. 2. Journalize the accounts receivable balance listed in the general ledger at month's end. Required 1 Required 2 Complete this question by entering your answers in the tabs below. Date Journalize the accounts receivable balance listed in the general ledger at month's end. GENERAL LEDGER Accour Receivable Debit $ 2,100 1,700 1,378 Credit

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Current Attempt in Progress Presented below is information related to Sheridan Company for its first month of operations. Jan. 06 Jan. 10 Jan. 23 Balance of Credit Purchases Gorst Company Tian Company Accounts Payable $9,000 11,800 Maddox Company 12,300 $ Gorst Company Jan. 11 Determine the balances that appear in the accounts payable subsidiary ledger. What Accounts Payable balance appears in the general ledger at the end of January? $ Jan. 16 Jan. 29 Cash Paid Gorst Company Tian Company Maddox Company Subsidary Ledger Tian Company 69 $6,800 11,800 7,400 $ Maddox Company $ General Ledge

Von Company provided the following data for the current year in relation to accounts receivable: Debits: Jan. 1 balance after deducting credit balance of P30,000 530,000 Charge sales 5,250,000 Charge for goods out for consignment 50,000 Shareholders’ subscription receivable 200,000 Accounts written off but recovered 10,000 Cash paid to customer for Jan. 1 credit balance 25,000 Goods shipped to cover for Jan. 1, credit balance 5,000 Deposit on Contract 120,000 Claim against common carrier 15,000 Advances to supplier 155,000 Credits Collections from customers, including overpayment of P50,000 5,200,000 Write off 35,000 Merchandise returns 25,000 Allowances to customers for shipping damages 15,000 Collection on carrier claim 10,000 Collection on subscription 50,000 What is the balance of accounts receivable on December 31

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The following account balances come from the records of Ourso Company: Beginning Balance $2,800 Ending Balance $3,600 350 Accounts receivable Allowance for doubtful accounts 280 During the accounting period, Ourso recorded $14,000 of sales revenue on account. The company also wrote off a $150 account receivable. Required a. Determine the amount of cash collected from receivables. b. Determine the amount of uncollectible accounts expense recognized during the period. a Collections of accounts receivable b. Uncollectible accounts expense

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Presented below is information related to Blossom Company for its first month of operations. Credit Purchases   Cash Paid Jan. 6   Gorst Company   $10,000   Jan. 11   Gorst Company   $6,600 Jan. 10   Tian Company   11,400   Jan. 16   Tian Company   11,400 Jan. 23   Maddox Company   12,500   Jan. 29   Maddox Company   7,100 Determine the balances that appear in the accounts payable subsidiary ledger. What Accounts Payable balance appears in the general ledger at the end of January?     Subsidary Ledger   General Ledger     Gorst Company   Tian Company   Maddox Company     Balance of Accounts Payable   $enter a dollar amount    $enter a dollar amount    $enter a dollar amount    $enter a dollar amount

rrent Attempt in Progress n providing accounting services to small businesses, you encounter the following situations. 1. 2. Lily Corporation rings up cash sales and sales taxes separately on its cash register. On April 10, the register totals are pre-tax sales of sales $4,200 plus GST of $210 and PST of $336. (i) During the month of March, Bramble Corporation's employees earned gross salaries of $60,000. Withholdings deducted from employee earnings related to these salaries were $3,254 for CPP, $948 for El, $7,050 for income taxes. (ii) Bramble's employer portions were $3,254 for CPP and $1,327 for El for the month. Prepare the journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)