Chaptor 9-10 hw Accounting

Chaptor 9-10 hw Accounting - Ch. 9: Exercise E9-3 (a) 1,400...

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Ch. 9: Exercise E9-3 (a) Dec. 31 Bad Debts Expense. ............................................ 1,400 Accounts Receivable—Fell. .......................... 1,400 (b) (1) Dec. 31 Bad Debts Expense. ............................................. 8,100 [($840,000 – $30,000) X 1%] Allowance for Doubtful Accounts. ............................................... 8,100 (2) Dec. 31 Bad Debts Expense. ............................................ 9,900 Allowance for Doubtful Accounts. ................................................... 9,900 [($120,000 X 10%) – $2,100] (c) (1) Dec. 31 Bad Debts Expense. ............................................ 6,075 [($840,000 – $30,000) X .75%] Allowance for Doubtful Accounts. ............................................... 6,075 (2) Dec. 31 Bad Debts Expense. ............................................ 7,400 Allowance for Doubtful Accounts. ................................................... 7,400 [($120,000 X 6%) + $200] Ch. 10: Exercises E10-2 1. Factory Machinery 2. Truck 3. Factory Machinery 4. Land
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5. Prepaid Insurance 6. Land Improvements 7. Land Improvements 8. Land 9. Building E10-7 (a) (1) 2008: ($30,000 – $2,000)/8 = $3,500 2009: ($30,000 – $2,000)/8 = $3,500 (2) ($30,000 – $2,000)/100,000 = $0.28 per mile 2008: 15,000 X $0.28 = $4,200 2009: 12,000 X $0.28 = $3,360 (3) 2008: $30,000 X 25% = $7,500 2009: ($30,000 – $7,500) X 25% = $5,625 (b) (1) Depreciation Expense. ................................................................... 3,500 Accumulated Depreciation—Delivery Truck. ........................... 3,500 (2) Delivery Truck. .............................................................................. $30,000
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This note was uploaded on 11/15/2010 for the course ACCT acct105 taught by Professor Kruc during the Fall '10 term at Bucks Community College.

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Chaptor 9-10 hw Accounting - Ch. 9: Exercise E9-3 (a) 1,400...

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