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ACC 291 Course Real Tradition,Real Success / acc291dotcom

For more course tutorials visit<br>www.acc291.com<br>Question 1 An aging of a company's accounts receivable indicates that $4,500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 credit balance, the adjustment to record bad debts for the period will require a<br>Question 2 The financial statements of the Melton Manufacturing Company reports net sales of $300,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days?<br>Question 3 Stine Company purchased machinery with a list price of $64,000. They were given a 10% discount by the manufacturer. They paid $400 for shipping and sales tax of $3,000. Stine estimates that the machinery will have a useful life of 10 years and a residual value of $20,000. If Stine uses straight-line depreciation, annual depreciation will be<br>

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ACC 291 Course Real Tradition,Real Success / acc291dotcom

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  1. ACC 291 Course Real Knowledge / acc291dotcom For More Tutorials www.acc291.com

  2. ACC 291 Course Real Knowledge / acc291dotcom ACC 291 Final Exam Guide (New) ACC 291 Final Exam Guide • Question 1 An aging of a company's accounts receivable indicates that $4,500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 credit balance, the adjustment to record bad debts for the period will require a • 1)Hahn Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $300,000 and credit sales are $1,200,000. Management estimates that 1% is the sales percentage to use.

  3. ACC 291 Course Real Knowledge / acc291dotcom ACC 291 Week 1 Wileyplus Assignment E8-4, E8-11, BYP8-1, and BYP8-2 (New) ACC 291 Week 2 - Fordyce and Atwater (New) • ·E8-4, E8-11, BYP8-1, and BYP8-2 in MS Excel • Exercise 8-4 Wainwright Company • Exercise 8-11 Fedex Corporation • Broadening your Perspective 8-1 Tootsie Roll • Fordyce Electronics issues a $400,000, 8%, 10-year mortgage note on December 31, 2007. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for semi annual

  4. ACC 291 Course Real Knowledge / acc291dotcom ACC 291 Week 2 Wileyplus Assignment P8-3A, BE9-11, DI9-5, E9-7, E9-8, BYP9, P9-2A ACC 291 Week 3 Wileyplus Assignment P9-7A, E10-5, E10-8, E10-13, E10-22, E10-24, BYP10 • P8-3A, BE9-11, DI9-5, E9-7, E9-8, BYP9, P9-2A. • Problem 8-3A: Bosworth Company • Brief Exercise 9-11: Nike, Inc. • Do It! 9-5 • Exercise 9-7: Wang, Co • Exercise 10-5: Olinger Company • Exercise 10-8: Ortega Company • Exercise 10-13: Romine Company • Exercise 10-22: Cole Corporation • Exercise 10-24: Nance, Co.

  5. ACC 291 Course Real Knowledge / acc291dotcom ACC 291 Week 4 Wileyplus Assignment Do It! 11-1, E11-5, E11-7, BYP11-1, BYP11-2 ACC 291 Week 5 Wileyplus Assignment E7-3, E12-1, E12-8, P12-9A, P12-10A, E13-3, E13-4 • Do It! 11-1 • Exercise 11-5 Garcia Corporation • Exercise 11-7 Pele Company • Broadening Your Perspective 11-1 Tootsie Roll • Broadening Your Perspective 11-2 Tootsie Roll & Hershey • Exercise 7-3 • Exercise 12-1 • Exercise 12-8 • Problem 12-9A • Problem 12-10A • Exercise 13-3 • Exercise 13-4

  6. ACC 291 Course Real Knowledge / acc291dotcom For More Tutorials www.acc291.com

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