In Class Problem

Chrome File Edit View History Bookmarks Profiles Tab Window Help S Q Thu Apr 6 1:46 PM Dashboard x M Question 1 - Ch x email_from_cre x excerpt_from_b x assignment_me x cash_receipts_ x sales_report_v2 x junior_accounts x - > C a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q... ( * * 0 Ch07 In-Class UWorld CPA - Accts Rcvble i Saved Help Save & Exit Submit Check my work You are a new supervisory accountant at Sportsman Company, reporting to the controller. On your second day with Sportsman, a junior accountant quit his job with no notice. One day later, it is time to prepare closing entries for March. The controller has asked you to review and correct, if necessary, the general ledger account for accounts receivable (A/R) prepared by the junior accountant. You have been provided with access to the 20 points same materials and information pertaining to the A/R subsidiary ledger (subledger) that junior accountant had in preparing the general ledger balance. You were also informed that the March A/R beginning balance of $489,300 balanced with the A/R subledger as of March 1, Year 6. eBook Review the general ledger account for accounts receivable prepared by the junior accountant to ensure it is accurate and consistent Hint with the information and documents provided. Print Note: For each section of underlined text below select the needed correction from the dropdown list. If the underlined text is References already correct in the context of the memo, select [Original text] from the list. If none of the choices are correct, select [Delete text] from the list. Junior Accountant's General Ledger Sales Report Cash Receipts Report Assignment Memo Excerpt from Board Meeting Email from Credit Manager Sportsman Company Mc Graw Hill 4 1 w X O zoom SafeNetChrome File Edit View History Bookmarks Profiles Tab Window Help S Q Thu Apr 6 1:46 PM Dashboard x M Question 1 - Ch x email_from_cre x excerpt_from_b x assignment_me x cash_receipts_ x sales_report_v2 x junior_accounts x - > C a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q... ( * * 0 Ch07 In-Class UWorld CPA - Accts Rcvble i Saved Help Save & Exit Submit Check my work Sportsman Company To: Roula Khan, Controller From: Supervisory Accountant Date: April 2, Year 6 20 RE: A/R General Ledger Balance points Per your request, I have reviewed the A/R general ledger balance prepared by the junior accountant. Highlight #1 eBook The March 22 sales return credit entry of $1,200 is correct. Hint Choose an option Print I licht ten References "Original text] The March 22 sales return credit entry of $1,200 is correct. [Delete text] [Replace with] The March sales return entry should be a debit entry of $1,200. [Replace with] The March 22 sales return entry should be a debit entry of $14,000. Highlight #4 The March 29 customer account write-off debit entry of $25,600 is correct Choose an option Highlight #5 The March 29 customer account recovery credit entry of $14,000 is correct. Choose an option Mc Graw 4 1 X SafeNet O O zoomChrome File Edit View History Bookmarks Profiles Tab Window Help S Q Thu Apr 6 1:46 PM Dashboard x M Question 1 - Ch x email_from_cre x excerpt_from_b x assignment_me x cash_receipts_ x sales_report_v2 x junior_accounts x - > C a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q... ( * * 0 Ch07 In-Class UWorld CPA - Accts Rcvble i Saved Help Save & Exit Submit Check my work The March 25 officer loan write-off credit entry of $12,500 is correct. Choose an option 20 points [Original text] The March 25 officer loan write-off credit entry of $12,500 is correct. [Delete text] eBook [Replace with] The March 25 officer loan write-off should be a debit entry of $12,500. Hint [Replace with] The March 25 officer loan write-off should be dated 22 March. Print Highlight #5 References The March 29 customer account recovery credit entry of $14,000 is correct Hill 4 1 w X SafeNet O O zoomChrome File Edit View History Bookmarks Profiles Tab Window Help S Q Thu Apr 6 1:46 PM Dashboard x M Question 1 - Ch x email_from_cre x excerpt_from_b x assignment_me x cash_receipts_ x sales_report_v2 x junior_accounts x - > C a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q... ( * * 0 Ch07 In-Class UWorld CPA - Accts Rcvble i Saved Help Save & Exit Submit Check my work The March 29 assignment credit entry of $17,000 is correct. D.. .. .................................................... ..... ................................................... Choose an option 20 points [Original text] The March 29 assignment credit entry of $17,000 is correct. [Delete text] eBook [Replace with] The March 29 assignment entry should be a debit entry of $17,000. Hint [Replace with] The March 29 assignment entry should be a credit entry of $18,000. Print References Highlight #6 The March 31 credit sales debit entry of $636,250 is correct. + Choose an option Highlight #7 The March 31 credit sales credit entry of $314,800 is correct. * Choose an option Highlight #8 The March ending balance of $791,650 is correct. Choose an option Regards Supervisory Accountant Mc Graw Hill 4 X SafeNet O O zoomChrome File Edit View History Bookmarks Profiles Tab Window Help S Q Thu Apr 6 1:46 PM Dashboard x M Question 1 - Ch x email_from_cre x excerpt_from_b x assignment_me x cash_receipts_ x sales_report_v2 x junior_accounts x - > C a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q... * * 0 Ch07 In-Class UWorld CPA - Accts Rcvble i Saved Help Save & Exit Submit Check my work Highlight #4 The March 29 customer account write-off debit entry of $25,600 is correct. Choose an option 20 points [Original text] The March 29 customer account write-off debit entry of $25,600 is correct. eBook [Delete text] Hint [Replace with] The March 29 customer account write-off entry should be a credit entry of $25,600. Print [Replace with] The March 29 customer account write-off entry should be a debit entry of $14,000. References Highlight #7 The March 31 credit sales credit entry of $314,800 is correct. Choose an option Highlight #8 The March ending balance of $791,650 is correct. Choose an option Regards Supervisory Accountant Mc Graw Hill O X O zoom SafeNetChrome File Edit View History Bookmarks Profiles Tab Window Help S Q Thu Apr 6 1:46 PM Dashboard x M Question 1 - Ch x email_from_cre x excerpt_from_b x assignment_me x cash_receipts_ x sales_report_v2 x junior_accounts x - > C a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q... ( * * 0 Ch07 In-Class UWorld CPA - Accts Rcvble i Saved Help Save & Exit Submit Check my work The March 29 customer account write-off debit entry of $25,600 is correct. Choose an option Highlight #5 The March 29 customer account recovery credit entry of $14,000 is correct. 20 points Hill X O zoom SafeNetChrome File Edit View History Bookmarks Profiles Tab Window Help S Q Thu Apr 6 1:46 PM Dashboard x M Question 1 - Ch x email_from_cre x excerpt_from_b x assignment_me x cash_receipts_ x sales_report_v2 x junior_accounts x - > C a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q... ( * * 0 Ch07 In-Class UWorld CPA - Accts Rcvble i Saved Help Save & Exit Submit Check my work The March 29 customer account write-off debit entry of $25,600 is correct. Choose an option Highlight #5 arch 29 customer account recovery credit entry of $14,000 is correct 20 points Choose an option Highlight #6 eBook The March 31 credit sales debit entry of $636,250 is correct. Hint Choose an option Print References "Original text] The March 31 credit sales debit entry of $636,250 is correct. [Delete text] [Replace with] The March 31 credit sales entry should be a credit entry of $636,250. [Replace with]The March 31 credit sales entry should be a debit entry of $275,400. Regards Supervisory Accountant Mc Graw Hill X O zoom SafeNetChrome File Edit View History Bookmarks Profiles Tab Window Help S Q Thu Apr 6 1:46 PM Dashboard x M Question 1 - Ch x email_from_cre x excerpt_from_b x assignment_me x cash_receipts_ x sales_report_v2 x junior_accounts x - > C a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q... ( * * 0 Ch07 In-Class UWorld CPA - Accts Rcvble i Saved Help Save & Exit Submit Check my work The March 29 customer account write-off debit entry of $25,600 is correct. Choose an option Highlight #5 arch 29 customer account recovery credit entry of $14,000 is correct 20 points Choose an option Highlight #6 eBook The March 31 credit sales debit entry of $636,250 is correct. Hint Choose an option Print Highlight #7 References The March 31 credit sales credit entry of $314,800 is correct. Choose an option [Original text] The March 31 credit sales credit entry of $314,800 is correct. [Delete text] [Replace with] The March 31 credit sales entry should be a debit entry of $314,800. [Replace with] The March 31 credit sales entry should be a credit entry of $275,400. Mc Graw Hill A O X O zoom SafeNetChrome File Edit View History Bookmarks Profiles Tab Window Help S Q Thu Apr 6 1:46 PM Dashboard x M Question 1 - Ch x email_from_cre x excerpt_from_b x assignment_me x cash_receipts_ x sales_report_v2 x junior_accounts x - > C a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q... ( * * 0 Ch07 In-Class UWorld CPA - Accts Rcvble i Saved Help Save & Exit Submit Check my work The March 29 customer account write-off debit entry of $25,600 is correct. Choose an option Highlight #5 arch 29 customer account recovery credit entry of $14,000 is correct 20 points Choose an option Highlight #6 eBook The March 31 credit sales debit entry of $636,250 is correct. Hint oose an option Print [Original text] The March ending balance of $791,650 is correct. References [Delete text] [Replace with] The March ending balance should be $406,300. hoose an option [Replace with] The March ending balance should be $409,300. Tik March ending balance Of $79 1, DOU IS COTTECL + Choose an option Regards Supervisory Accountant Mc Graw Hill X O zoom SafeNet