06-01Pr_5e

06-01Pr_5e - Zahns Beauty 2,900 2,900 Totals $925,550...

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Problem 6-1 Name: Section: Score: 36% *Since some answer boxes are correct when left blank, the beginning score is greater than 0%. Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) will appear in the column to the right of an incorrect answer. 1. Aging of Receivables Schedule December 31, 2010 D Not Past Customer Balance Due 1 - 30 31 - 60 Alpha Beauty $20,000 $20,000 Blonde Wigs 11,000 ### $11,000 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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Unformatted text preview: Zahns Beauty 2,900 2,900 Totals $925,550 $506,000 $219,500 $102,950 Percentage Uncollectible Estimate of Doubtful Accounts 2-6. Assets = Accounts Allow. For Cash + Receivable-Doubtful Accts = 2. Dec. 31, 2010 3. Dec. 31, 2010 4. Feb. 10, 2011 5. May 17, 2011 May 17, 2011 6. a. Feb. 10, 2011 6. b. May 17, 2011 May 17, 2011 7. Instructions Days Past Due Over 61 - 90 91 - 120 120 ~~~~~~~~~~~~~~ $36,100 $36,000 $25,000 Liabilities + Stockholders' Equity Retained + Earnings...
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This note was uploaded on 05/02/2011 for the course ACC 121 taught by Professor Thomas during the Spring '08 term at Baker MI.

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06-01Pr_5e - Zahns Beauty 2,900 2,900 Totals $925,550...

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