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Can someone please help me with this accounting question? Problem 9-2A Accounts receivable transactions and bad debts adjustments L.O. C1, P2 Lopez Company began operations on January 1, 2010. During its first two years, the company completed a number of transactions involving
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sales on credit, accounts receivable collections, and bad debts. These transactions are... show more Follow
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Answers Best Answer: 2010 :
a) Accounts Receivable 1,352,500 Sale 1,352,500 Cost of merchandise Inventory 979,000 Merchandise Inventory 979,000 b) Bad Debt Expense 18,900 Accounts Receivable 18,900
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c) Cash 665,900
Suspended Account best answers?
Accounts Receivable 665,900
Do you make accounts...?
d)
Hmmm account suspended!?
Bad Debt Expense 33589.4 Accounts Receivable
Why was my account suspended?
33589.4(*)
(*) : ( 1,352,500 - 18,900 - 665,900) x 2,2% + 18,900
Answer Questions In/At Mailbox USPS?
2011 :
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a) Accounts Receivable 1,508,700
USPS says my package is undeliverable as there is a problem with my address, but there is nothing wrong?
Sale 1,508,700 Cost of merchandise Inventory 1,271,100
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Merchandise Inventory 1,271,100 b)
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Bad Debt Expense 30,800 Accounts Receivable 30,800
Can you 'pawn' something for a high amount of money then not pay it off? 12 answers
c) Cash 1,179,400
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Accounts Receivable 1,179,400
12 answers
USPS says my package is undeliverable as there is a problem with my address, but there is nothing wrong?
d) Bad Debt Expense 66,745 Accounts Receivable
66,745(*)
6 answers
Does USPS deliver on Christmas?
(*) : (1,352,500 - 18,900 - 665,900 + 1,508,700 - 30,800 - 1,179,400) x 2,2% + 14,689 + 30,800
9 answers
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How do grocery stores sell food at coupon/sale prices without losing money?
where do you get the 14689 in the last step?
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