Question: Is my solution for this question, correct? If wrong can you please explain why. Thank you! Question 12 Before year-end adjusting entries, Sunland Company's account

Is my solution for this question, correct? If wrong can you please explain why. Thank you!

Is my solution for this question, correct? If wrong can you please

Question 12 Before year-end adjusting entries, Sunland Company's account balances at December 31, 2017, for accounts receivable and the related allowance for uncollectible accounts were $1530000 and $77100, respectively. An aging of accounts receivable indicated that $126000 of the December 31 receivables are expected to be uncollectible. The net realizable value of accounts receivable after adjustment is Accounts Receivable Allowance for Doubtfull Accounts Uncollectable NET REALIZABLE VALUE 1,530,000 77,100 126,000 1,481,100 $1326900 1452900. $1481 100. $1404000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Answer the following questions below: 1. The cash account per books shows a balance of $85,000 before reconciliation. The bank statement does not include a deposit of $6,400 made on the last day of...

1. The cash account per books shows a balance of $85,000 before reconciliation. The bank statement does not include a deposit of $6,400 made on the last day of the month. The bank statement shows a...

I need help solving this problem please. The cash account per books shows a balance of $85,000 before reconciliation. The bank statement does not include a deposit of $6, 400 made on the last day of...

Please assist me with the attached accounting questions Question 1 The following is a partial unadjusted Trail Balance. Bravo Unlimited Unadjusted Trial Balance (partial) 1/31/16 Accounts Debit...

uiz Note: It is recommended that you save your response as you complete each question. GJ - 1 Question 1 (6 points) The following is a partial unadjusted Trail Balance. Bravo Unlimited Unadjusted...

Problem 9-3A (Part Level Submission) Presented below is an aging schedule for Halleran Company. Customer Anders Blake Coulson Deleon Others Number of Days Past Due Not Over Total Yet Due 1-30 31-60...

Please help me fix what I did wrong and please explain: Exercise 3-20A Record transactions and prepare adjusting entries, adjusted trial balance, financial statements, and closing entries (LO3-3,...

homework help, how to solve the question of this excel ACCT 3350 - Winter 2016 Assignment #1 Due Date: Friday, Feb 5 by 11:30pm (This completed Excel file uploaded in Blackboard) Instructions: This...

Please answer the journal entries and Annual dividends as soon as possible thank you Question 6.06 Mark) Parts A and Part below are two independentist Part 2012 marles). Dy Smith varied Biotech Inc...

Hello...I am in need of help with the adjusting entries please 100000 Bank Account 110100 Accounts Receivable (Direct Posting Account) 110150 Allowance for Bad Debts 110200 Interest Receivable 200600...

The journal entry to record the completion of a job in a job costing system is: A. Finished Goods Inventory xx Materials Inventory XXX B. Work-In-Process Inventory XXX Applied Manufacturing Overhead...

Should the internal auditors generally disclose their findings to operating personnel of the department involved before transmitting the report to top management? Explain.

5. Write a macro named mPrintChar that displays a single character on the screen. It should have two parameters: this first specifies the character to be displayed and the second specifies how many...

A trough is 6 meters long, 3 meters wide, and 2 meters deep. The vertical cross-section of the trough parallel to an end is shaped like an isoceles triangle (with height 2 meters, and base, on top,...

Compare various types of training materials and describe how they are prepared

Write training objectives for a specific program or HRD intervention that contain all three qualities for useful objectives (described by Robert Mager)

Explain the importance of prioritizing training and HRD needs