Mini%20Test%202%20Fall%202010%20%20VA - NAME: Do NOT open...

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NAME: Do NOT open your exam until you are told to do so! Fill in your scantron as follows: x your last name & first initial (use your legal name per the University system). x your UIN x your net id (this is the same as your Enterprise ID & is the first part of your University email address) x Your section number (see below): Scantron Start TA Section # Entry Time Name AD1 100 8:00 AM Lindsay Bobbitt AD2 150 9:00 AM Lindsay Bobbitt AD3 200 10:00 AM Kellie Bradley AD4 250 11:00 AM Kellie Bradley AD5 300 12:00 PM David Michael AD6 350 1:00 PM David Michael Please keep in mind the following course policy regarding academic integrity: x There should be no communication between students in any manner during the entire exam period. This means no talking, whispering or signaling to each other and no electronic communication. x It is your job to keep your scantron/exam booklet hidden from wandering eyes. Keep your test FLAT on your desk at all times! If you are allowing your exam/scantron to be visible to other students it will be assumed that YOU are cheating. x You must use an Accy 202 calculator- NO personal calculators . x All books and papers & cell phones must be securely placed in a back-pack or other case and placed completely under the student’s seat. Please turn off your cell phone before putting it away! x Baseball hats, headphones and/or sunglasses may not be worn during an exam. All extra wearing apparel and parcels must be on the floor, under the student’s desk or seat during quizzes, tests or exams. x By enrolling in this course students agree to abide by the rules & regulations stated in Article 4 of the Student Code. If academic dishonesty is evident your exam will be confiscated and turned over to the Accountancy Department Head for resolution. In this event, I will recommend a penalty of an “F” for the course. In especially serious cases, the Department Head may impose harsher penalties such as expulsion from the University. Please keep in mind that expulsion for cheating becomes part of your permanent academic record which will follow you for the rest of your academic career.
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1. London Fashion began operations on January 1 st , 2008. The following selected information came from the company’s December 31, 2008 & 2009 comparative Balance Sheet and Income Statement: 2008 2009 Accounts Receivable, net of an allowance for doubtful accounts of $10,530 at 12/31/2008 & $12,987 at 12/31/2009. $139,470 $172,013 Sales Revenue $500,000 $625,000 Bad Debt Expense $15,530 $10,457 All of London’s sales are made on credit and they base their bad debt estimate on an extensive analysis of the accounts receivable aging schedule. Given this information what was the dollar amount of bad debts written off in 2008? A. $10,530
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This note was uploaded on 04/28/2011 for the course ACCY 202 taught by Professor Staff during the Fall '08 term at University of Illinois, Urbana Champaign.

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Mini%20Test%202%20Fall%202010%20%20VA - NAME: Do NOT open...

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