Customer Rob Hufnagel owes Kellman Corp. $1,250. Kellman determines that the total amount is uncollectible and writes
Question:
Required:
Make the appropriate journal entries (if any) to record the receipt of $350 by Kellman.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (17 reviews)
Journal Date Account and Explanation Debit C...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
Question Posted:
Students also viewed these Accounting questions
-
The new bookkeeper at Karlin Construction Company was asked to write off two accounts totaling $1,710 that had been determined to be uncollectible. Accordingly, he debited accounts receivable for...
-
Katie Vote owns a small business that rents computers to students at the local university for the nine-month school year. Katies typical rental contract requires the student to pay the years rent of...
-
At the beginning of the year, Tennyson Auto Parts had an accounts receivable balance of $31,800 and a balance in the allowance for doubtful accounts of $2,980 (credit). During the year Tennyson had...
-
A palindrome is a string that is the same backward as it is forward. For example,tot and otto are rather short palindromes. Write a program that lets a user enter a string and that passes to a bool...
-
Using Formula 71 on page 165, compute RF (risk-free rate). The real rate of return is 3 percent and the expected rate of inflation is 5 percent.
-
Suppose that you hold a share of stock and a put option on that share with an exercise price of $100. What is the value of your portfolio when the option expires if: a. The stock price is below $100?...
-
Currently, you have RM60,000 (Malaysian ringgit) that you would like to invest for 2 years and are considering buying a Malaysian government security maturing in 1 year that pays 4 percent annually....
-
Creative Sound Systems sold investments, land, and its own common stock for $40 million, $16 million, and $42 million, respectively. Creative Sound Systems also purchased treasury stock, equipment,...
-
1. 2. (c) Be(OH)2 (d) Sr(OH)2 Number of amphoteric compounds among the following is (a) BeO (B) Bao The stepwise formation of [Cu(NH)]* is given below: C ANH, LE [Cu(NH, ) [Cu(NH)]+NH, [Cu(NH3)2]+NH,...
-
Yummy-Licious Ice Cream opens its first store in Calgary in November 2021. It sells two types of fresh fruit-based ice cream (regular & special) to Calgarian kids. Below is the list of revenue and...
-
At the beginning of the year, Kullerud Manufacturing had a credit balance in its allowance for doubtful accounts of $6,307 and at the end of the year it was a credit balance of $9,000. During the...
-
On November 30, 2011, Tucker Products performed computer programming services to Thomas, Inc., in exchange for a five-month, $75,000, 10 percent note receivable. Thomas, Inc., paid Tucker the full...
-
On January 5, 2016, Parker Company purchased a new $650,000 machine with five-year useful life and an estimated salvage value of $50,000. INSTRUCTIONS Prepare a schedule showing the annual...
-
In class we saw how to evaluate an expression given a map from identifiers to their values. def evalExpr (e: Expr, env: Hap[String, Double]): Double = ... In this assignment, you are asked to handle...
-
1. Explore the role of pharmacists in promoting vaccination initiatives and improving immunization rates in the community. 2. Analyze the ethical considerations surrounding pharmaceutical marketing...
-
You need to prepare 100.0 mL of a pH 4.00 buffer solution using 0.100 M benzoic acid (pK = 4.20) and 0.180 M sodium benzoate. How many milliliters of each solution should be mixed to prepare this...
-
The Sunland Company has five plants nationwide that cost a total of $216 million. The current fair value of the plants is $638 million. What is the the plants will be recorded and reported as assets?
-
London Company who use a periodic inventory system sold 600 units of inventory in April. In addition, the llowing information is available (2 pts) 1. $( April 1 Inventory April 15 purchase April 23...
-
In Problems 3950, find the domain of each function. g(x) = logs x + 1 X
-
The Higher the time period of the financial security the higher the. ............... risk. O a. Maturity O b. Default and Maturity Oc. Default O d. Liquidity
-
Two mutually exclusive alternatives are being considered by a profitable corporation with an annual taxable income between $5 million and $10 million. Before-Tax Cash Flow Year Alt. A Alt. B 0 -$3000...
-
A large profitable corporation is considering two mutually exclusive capital investments: Alt A Alt B Initial cost $11.000 $33,000 Uniform annual benefit 3,000 9,000 End-of-depreciable-life 2,000...
-
A store owner, Joe Lang, believes his business has suffered from the lack of adequate customer parking space. Thus, when he was offered an opportunity to buy an old building and lot next to his...
-
Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 0 to 1,500 units, and monthly production...
-
21. Based on the Gordon Growth Model of stock prices, how would you expect each of the following shocks to affect the overall level of stock prices (up, down, or no change), all else equal? In each...
-
7. (5 Points) The graph plots the value of the firm, VL, aganst the amount of Debt, D. Three lines corresponding to three different stories have been drawn: MM I without taxes, MM I with taxes and...
Study smarter with the SolutionInn App