Please if anyone can help me i have limited time… thanks

February 17, 2020/in Feeds /by Munene david

Please if anyone can help me i have limited time… thanks

Question #5In the most recent year of operations, Bertha’s Games sold merchandise costing$80,000 for $170,000. All merchandise was sold under a one-year warranty. Atthe time of sale, Bertha estimated that warranty claims would amount to 4% ofsales. During the year, she replaced defective merchandise for $3,000. Alltransactions were cash transactions.i. Prepare journal entries to record all transactions related to the warranty.ii. Based solely on the above information, determine Bertha’s Games operatingincome for the year.

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can anyone please help me…i have limited time thanks in advance

February 17, 2020/in Feeds /by Munene david

can anyone please help me…i have limited time thanks in advance

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Question 1.1.(TCO 1) The owner’s interest in the assets of a corporation is known as(Points : 6)common stock.stockholders equity.long-term assets.operating expenses.Question 2.2.(TCO 1) An investor wishing to assess a company’s financial position at the end of the period would probably examine(Points : 6)the balance sheet.the statement of retained earnings.the income statement.the statement of cash flows.Question 3.3.(TCO 2) An account is increased by a debit and has a normal balance of a debit. This account is a(n)(Points : 6)expense account.liability account.asset account.both an expense account and an asset account.Question 4.4.(TCO 2) When using a four-column ledger account format, the pair of columns on the far right are used to show(Points : 6)the transactions’ date and journal reference.the debit and credit amounts posted from journal entries.the names of the accounts being debited and credited.the account’s balance.Question 5.5.(TCO 3) A trial balance showed total debits of $280,000 and total credits of $28,000. This discrepancy is most likely due to which type oferror?(Points : 6)SlideMislabelingTranspositionMissing transactionQuestion 6.6.(TCO 3) Which of the following statements regarding a trial balance is correct?(Points : 6)A trial balance may be taken at any time during the accounting period.A trial balance shows that total debits equals total credits.A trial balance is a list of all accounts with their balances.All of the above.

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i have an attachment if anyone can please help me.. i have limited time.. thanks

February 17, 2020/in Feeds /by Munene david

i have an attachment if anyone can please help me.. i have limited time.. thanks

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Question 1.1.(TCO 6) A ledger that contains a separate account for each customer is called an accounts receivable(Points : 6)trade ledger.control ledger.current ledger.subsidiary ledger.Question 2.2.(TCO 6) The two methods of estimating uncollectible receivables are the(Points : 6)aging-of-receivables method and direct write-off method.percent-of-sales method and the aging-of-receivables method.allowance method and the direct write-off method.percent-of-sales method and the direct write-off method.Question 3.3.(TCO 7) BHL Industries has a beginning inventory of 50 units, net purchases of 450 units, and sales of350 units. What is the dollar amount of the ending inventory, if each unit costs $10?(Points : 6)$1,500$2,500$3,500$4,500Question 4.4.(TCO 7) A company purchased 400 units at $75 per unit. The company sold 385 units. What is the cost ofgoods sold and ending inventory?(Points : 6)$10,000, $9,625$40,000, $28,875$28,875, $1,125$28,875, $10,000

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A retailer needs to determine the cost of the shoes the company purchased in order to determine the inventory

February 17, 2020/in Feeds /by Munene david

A retailer needs to determine the cost of the shoes the company purchased in order to determine the inventory

value to report on its balance sheet in a particular period. (1) Discuss the steps involved in determining the cost of shoes inventory as reported on the company’s balance sheet (15 points), and (2) use an example to show the impact of purchase discounts and allowances received by the company on the cost of shoes inventory (10 points). (Points : 25)