They have a magnificent team. These people are always kind and willing to listen to your concerns or issues. Better yet, your assignment is always ready before the time, they usually send you a draft to double-check before they finalize your paper.
McGraw Hill Connect, Chapter 9 Accounting assignment includes:
CHAPTER 9 HOMEWORK and CHAPTER 9 QUIZ completed online through McGraw Hill Connect site with my credentials DUE NO LATER THAN Sunday, 04-21-2013
AS WELL AS:
Upload DOCUMENTS of Chapter 9 TEST submitted to me through homework market DUE NO LATER THAN Sunday 04-21-2013 —- SEE BELOW:
PROBLEM #1 – 25 points
At the beginning of the year, Sonoran Park Equipment’s accounts receivable balance was $105,000 and the allowance for doubtful accounts had a $1,950 credit. Sonoran’s sales in the current year were $787,500, 80% of which were on credit. Collections on account during the year were $502,000. Additionally, Sonoran wrote off $3,000 of uncollectible accounts during the year. It is estimated that 6% of the year end accounts receivable are expected to be uncollectible.
Using the allowance for bad debts based on accounts receivable aging method, determine the journal entry for the estimate of bad debts. What is Sonoran’s net realizable value of accounts at the end of the year?
A. Journal Entry
Show work here:
B. Net Realizable Value
PROBLEM #2 – 10 points
Good Day Service Center received a 120 day, 6% note for $50,000, dated April 12, 20XX from a customer on account. Determine the (a) due date of the note, (b) the maturity value of the note, and (c) the journal entry to record the receipt of the payment of the note at maturity. Use a 360 day year.
PROBLEM #3 – 5 points
What is the difference between an account receivable and a note receivable?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more