solutions final exam

solutions final exam - SOLUTIONS BUSI1001 Sample FINAL EXAM...

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SOLUTIONS BUSI1001 Sample FINAL EXAM 1 b 2 d 3 c 4 b 5 c 6 d 7 b 8 b 9 d 10 c 11 a 12 a 13 c 14 c 15 a 16 c 17 c 18 b 19 d 20 d 21 d 22 c 23 b 24 a 25 d 26 a 27 b 28 c 29 c 30 d 31 c 32 a 33 c 34 a
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Question 2 Solution (10 marks) (a) Bad Debts Expense ($4,800 + $500) . ......................................... 5,300 Allowance for Doubtful Accounts . ...................................... 5,300 (b) Accounts Receivable $120,000 Less: Allowance for Doubtful Accounts 4,800 $115,200 (c)(i) Allowance for Doubtful Accounts . ...................................... 1,000 Accounts Receivable—A. Mount . ...................................... 1,000 Before Write-off After Write-off (c)(ii)Accounts Receivable $160,000 $159,000 Less: Allowance for Doubtful Accounts 3,000 2,000 Net (Cash) Realizable Value $157,000 $157,000
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Question 3 Solution (9 marks) Jan. 1 Accumulated Amortization—Machinery . ............................ 80,000 Machinery . ................................................................. 80,000
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solutions final exam - SOLUTIONS BUSI1001 Sample FINAL EXAM...

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