Unit 8 Test

6:20 1 8 expert.chegg.com/qna/aut Chegg Home Expert Q&A Student question My solutions Time Left: 01:56:48 Vo #5G LTE 158% Guide Me 8 Notifications Tag the question Step-by-step Final solution Waupaca Company establishes a $320 petty cash fund on September 9. On September 30, the fund shows $ 44 in cash along with receipts for the following expenditures: transportation-in, $51; postage expenses, $68; and miscellaneous expenses, $146. The petty cashier could not account for a $11 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare (1) the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the fund, and (3) an October 1 entry to increase the fund to $395. Subject Accounting Sub-subject Search And Select

PFR Final Exam 12 3 4 6 7 8 9 10 1 Question 5 Choose all of the items that will help build a postive credit report. Your answer: maintaining a reassonable amount of unused credit D checking credit reports annually to search for mistakes O paying bills late all the time O lots of credit applications in a short period of time not paying taxes Back Next

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8.2 Exercises Name Date Directions Solve the following problems. Write your answers in the blanks provided. Place commas and dollar signs in answers as needed. A. Find the cash discount amount and the net amount due on these invoices. Assume each invoice is paid within the discount period. Round your answers to the nearest cent. OBJECTIVES 2, 3 Invoice Amount Terms Cash Discount Net Amount Due $623.50 2/10, n/30 1. 2. $4,635.65 3/10, n/60 3. 4. $6,250.81 1/15, n/45 5. 6. B. Determine the cash discount and net amount due on these invoices. Round OBJECTIVES 4, 5 your answers to the nearest cent. Paid Within Invoice Net Discount Returned Shipping Charges Amount Cash Amount Terms Period Merchandise Discount Due $534.78 2/10, n/45 yes none $13.25 7. 8. $638.00 1/10, n/30 $33.50 yes none 9. 10. $213.72 2/10, n/30 $15.50 no none 11. 12. C. Determine the credit given for partial payment, balance due, and cash discount on these invoices. OBJECTIVE 6 Invoice Partial Credit Balance Cash Amount…

AutoSave OFF Home Insert Draw Paste Page 47 of 95 Calibri B I U 20 Design V v 16916 words 50 ab X 2 V Layout X Α Α΄ A References Aa ▾ A Αν English (United States) Mailings = Review V V W= Packet Lecture-4 View 12/31 싫 V Accessibility: Investigate Tell me 30,000 V Estimating Uncollectible Accounts An estimate of bad debts is made at the end of the accounting period to match the cost of credit sales (bad debt expense) with the revenue credit sales allowed the company to record during the period. The estimate is incorporated in the company's books through an ADJUSTING ENTRY and the entry increases the allowance for uncollectible accounts and bad debt expense. Saved to my Mac ✓ Percent of Receivables Method (an allowance method) management estimates a percent of ending accounts receivable they expect to be uncollectible the ending balance of the Allowance for Uncollectible Accounts (AUA) is determined based on the estimate (% of uncollectible accounts x ending balance of A/R, "% of A/R").…

Overview Plans Resources Follow-up and reports 360° reports PFR Final Exam 01-10 11 Question 43 Paying the minimum amount every month on a credit card will Your answer: pay a large percentage of the total amount owed every month make the final amount paid substantlally higher than the amount initlally charged O Help the cardholder create a plan for paying off a credit card in a decent amount of time. Allow the card holder to avoid paying any interest charges. Clear answer Back Next Play Sto

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Online Test WMindow Gooale Chrome A tests.mettl.com/test-window/f55ac827#/testWindow/0/9/1 EY Accounting Assessment O Total 00:55:24 Finish Test Section 1 of 1 Section #1 v 12 (3 7. 10 11 10 of 45 All 2 43 Question # 10 Revisit Choose the best option O Differences between net income and associated cash receipts and disbursements. The primary purpose of a statement of cash flows is to provide relevant information about O An enterprise's ability to generate future positive net cash flows. O The cash receipts and cash disbursements of an enterprise during a period. OAn enterprise's ability to meet cash operating needs. Prev Question Next Question +91-82878-03040 Zaineh | Support +1-650-924-9221 4:13 PM 1/16/2021 meiti

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1.2 all all K/s 47% D 10:54 E Perfo..ask - Read-only Read Only - You can't save changes to .. Performance Task: Given the following information, give what is required. (Due date: December 11, 2020) JFB Company Trial Balance December 31, 202A Account Title Debit Credit Cash 151,200 Accounts Receivable 2,500 Allowance for bad Debts Notes receivable Merchandise Inventory Purchases Purchase Returns and Allowances Supplies Store Furniture Store Equipment Accumulated Depreciation Accounts Payable 525 25,005 12,000 30,000 2,000 1,500 75,000 200,000 3,170 200,000 Accrued Salaries Payable 1,512 Notes Payable 32,705 237,500 Kris Ang, Capital Kris Ang, Withdrawal Sales 2,000 49,450 Sales Returns and Allowances 1,200 525 Bad debts expense Advertising expense Rent Expense Salaries expense Supplies Expense Utilities expense Wages expense Maintenance expense Freight out Freight in Depreciation expense Miscellaneous expense 1,000 5,000 1,512 1,000 1,800 2,500 4,500 750 1,500 3,170 3,200 Total 526,862…

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QUESTION 19 William's Watches sold goods to Colin's Clocks for $1,980 including GST. Colin's Clocks paid their account within the discount period and received a settlement discount of 2%. The correct entry to be recorded in William's Watches' books for receipt of the amount from Colin's Clocks is: a. DR Cash at bank $1,940.40; DR Discount allowed $39.60; DR GST Payable $3.60; CR Accounts receivable $1,983.60 b. DR Cash at bank $1,940.40; DR Discount allowed $39.60; CR Accounts receivable $1,980.00 c. DR Cash at bank $1,944.00; DR Discount allowed $36.00; CR Accounts receivable $1,980.00 d. DR Cash at bank $1,940.40; DR Discount allowed $36.00; DR GST Payable $3.60; CR Accounts receivable $1,980.00

Crop a question SIM ? 11:00 AM A elearning.ju.edu.jo The future value of $200 received today and deposited at 8 percent compounded semi-annually for three years is Select one: a. $352 b. $158 C. $253 d. $380 Previous page Next page Quiz navigation 4. 6. Finish attempt. Go Time left 0:19:14 II

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Try Yourself - Question 2 Consider the following purchase history during October: Date Balance # of Days October 1 $110 8 October 9 $150 5 October 14 $260 8 October 22 $347 7 October 29 $612 3 The APR for this card is 16.45%. If the balance is not paid within the grace period, what is the total owed to the credit card company for this month? A. $261 B. $869 C. $616 D. $612 E. $704

Current Attempt in Progress The Accounts Receivable account has a beginning balance of $48900 and an ending balance of $69600. If total sales on account were $39500 for the year, what were the total collections on account? $69600 O $79000 O $18800 O $60200 Save for Later Attempts: 0 of 1 used Submit Answer MacBook Air DII DD 000

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