hw 5 - Dr. Bissonette May 10, 2010 Bus 214 Homework...

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Dr. Bissonette May 10, 2010 Bus 214 Homework Assignment # 5 S5-6) 1. Accounts Receivable……. . ……….1,000,000 Services Revenue…………. ..……….1,000,000 2. Cash………………………. ............. 880,000 Accounts Receivable………………… 880,000 3. Allowance for Uncollectible………. 16,000 Accounts Receivable………………… 16,000 4. Uncollectible-Account Expense…. .15,000 (1,000,000 x .015) Allowance for Uncollectible Accts…. .15,000 S5-8) a. Accounts Receivable………………400,000 Service Revenue……………………. . 400,000 b. Cash…………………………………410,000 Accounts Receivable………………… 410,000 c. Allowance for Uncollectible………. .7,000 Account Receivable…………………. 7,000 d. Uncollectible account expense……9,000 Allowance for Uncollectible…………. 9,000 (10,000 – 8,000 + 7,000) Allowance for Uncollectible Accounts 7,000 8,000 9,000 End. Bal. $10,000
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This note was uploaded on 01/06/2012 for the course BUSINESS 214 taught by Professor Michellebissonette during the Winter '10 term at Cal Poly.

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hw 5 - Dr. Bissonette May 10, 2010 Bus 214 Homework...

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