Entries by mary WAMBUGU

intell Company uses percentage of sales to estimate uncollectibles. At the end of the fiscal year, December 31, 2018, Accounts Receivable has a balance of $78,000 and had a total of $855,000 in credit sales

August 22, 2019 in /by

Question:1.intell Company uses percentage of sales to estimate uncollectibles.  At the end of the fiscal year, December 31, 2018, Accounts Receivable has a balance of $78,000 and had a total of $855,000 in credit sales. intell assumes that 1.5% of sales will eventually be uncollectible. before adjustment, the Allowance for Uncollectible Accounts had a credit balance of 6,500. What dollar amount […]

 

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On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production.

August 22, 2019 in /by

On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 40,000 units were started. At the end of the month all started units were 60% complete with respect to conversion. Direct […]

 

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On May 21, 2019, Christine worked 5.5 hours on Job A-1, and 3 hours on general “overhead activities.”

August 22, 2019 in /by

On May 21, 2019, Christine worked 5.5 hours on Job A-1, and 3 hours on general “overhead activities.” Christine is paid $16 per hour.  Overhead is applied based on $20 per direct labor hour.  Additionally, on May 21 Job A-1 requisitioned and entered into production $210 of direct material.  On May 21, Christine, while working on Job A-1 used […]

 

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I need help with my Research Tracker assignmen (IASB Project)my project is in Accounting Policies and Accounting Estimates.

August 22, 2019 in /by

I need help with my Research Tracker assignmen (IASB Project)my project is in Accounting Policies and Accounting Estimates.    Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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