Chapter 2, Problem 2.8BE

Which of the following is (are) the proper time period(s) to record the effects of a change in accounting estimate? Current period and prospectively O Current period and retrospectively O Retrospectively only O Current period only

1. Prepare the entry to record the write-off ofuncollectible accounts during 2019. 2. Prepare the entries to record the recovery ofthe uncollectible account during 2019 3. Prepare the entry to record bad debt expense(BDE) at the end of 2019. Ending balance ofAFDA was Rp18,200 (Cr.) 4. Determine the ending balance of AccountsReceivable as of December 31, 2019. 5. What is the net realizable value of thereceivables at the end of 2019? 6. The company has a notes receivable ofRp24,000 at January 15, 2019 for 3 months at10% interest rate. Prepare journal entry as ofApril 15, 2019, on its due date.

Take the errors and omissions into account and reconcile the list of debtors to the adjusted balance of the Debtors’ Control account for the period ended 31 August 2021.

What is the required adjusting entry (show journal entry) for accrued liabilities and for accrued receivables? What is the effect on net income, assets, liabilities and shareholder's equity of not recording a required adjusting entry for accruals? (overstated or understated)

Which of the following alternatives represent the amount of non current liabilities in the statement of financial position of Shukela CC for the year ended 28 February20.19?

required: 1. Determine the net increase/decrease in net income for 2021. 2.Prepare a compound adjusting journal entry to reflect the correct net incomefor 2021, assuming that the books of 2021 are still open (do not use “incomesummary” as an account title).

State the effect the following situation would have on the amount of annual net income reported for 2019. No adjustment was made for the revenue earned previously recorded as unearned revenue for USD 6,000 as of 2019 December 31.     Group of answer choices Net income is overstated, liabilities are understated Net income is understated, assets are overstated Net income is overstated, assets are overstated Net income is understated, liabilities are overstated

1. How much is the adjusted balance of the allowance for doubtful accounts as of December 31, 2005? 2. The necessary adjusting journal entry to adjust the allowance for doubtful accounts as of December 31, 2005 would include:

Determine the net increase/decrease in net income for 2021 and Prepare a compound adjusting journal entry to reflect the correct net income for 2021, assuming that the books of 2021 are still open (do not use “income summary” as an account title)