This topic contains a solution. Click here to go to the answer

Author Question: Y Company obtained the following balances from its computerized accounting information system at the ... (Read 266 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
Y Company obtained the following balances from its computerized accounting information system at the end of the year before adjustments:
 
  Accounts receivable  27,000
  Allowance for uncollectible accounts (3,000)
  Net sales 100,000
  Bad debts expense 0
 
  The company estimates that 2 of net sales will be uncollectible. After the correct adjusting entry has been made, what is the Net accounts receivable on the year-end balance sheet?
  A) This is a trick question. Accounts receivable appear on the income statement, not the balance sheet.
  B) 24,000
  C) 22,000
  D) 27,000

Question 2

The form used to assemble the data required at the end of each payroll period is the ___________________ _.
 Fill in the blank(s) with correct word



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Viet Thy

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

C

Answer to Question 2

payroll register





 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

For a complete list of videos, visit our video library