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May24 Sold merchandise on account to Old Town Cafe $18,450. The cost of goods sold was $11,000.

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May24 Sold merchandise on account to Old Town Cafe $18,450. The cost of goods sold was $11,000.Sept.30 Received $6,000 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 as uncollectible. Dec.7 Reinstated the account of Old Town Cafe that had been written off on September 30 and received $12,450 cash in full payment.

Can someone help me with the journal entries for this?

 
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A building acquired at the beginning of the year at a cost of $1,375,000 has an estimated residual value of $250,000

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A building acquired at the beginning of the year at a cost of $1,375,000 has an estimated residual value of $250,000 and an estimated useful life of 40 years. Determine the following.

(a)The double-declining-balance rate: %

(b)The double-declining-balance depreciation for the first year: $ 

How do i solve this? I can’t find the formula in the book.

 
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The payroll register of Heritage Co. indicates $3,900 of social security withheld and $975 of Medicare tax withheld on total salaries of $65,000

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The payroll register of Heritage Co. indicates $3,900 of social security withheld and $975 of Medicare tax withheld on total salaries of $65,000 for the period. Earnings of $10,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%.

How do I Journalize this? I got most of it but I cant seem to get the percentages correct.

 
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A company reports the following: Sales $3,150,000 Average accounts receivable (net) 210,000 Determine (a) the accounts receivable turnover

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A company reports the following:

Sales $3,150,000

Average accounts receivable (net) 210,000

Determine (a) the accounts receivable turnover and (b) the number of days’ sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year.

a. Accounts receivable turnover

b. Number of days’ sales in receivables

 
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