Question: please help with this question Save Homework: Chapter 8 homework Score: 0 of 10 pts 4 of 6 (2 complete) E8-23 (similar to) HW Score:




Save Homework: Chapter 8 homework Score: 0 of 10 pts 4 of 6 (2 complete) E8-23 (similar to) HW Score: 56.36%, 56.36 of 100 pt Question Help On June 30, 2018, Master Bank loaned $76,000 to Kate Perry on a one-year, 6% note. Master's fiscal year ends on December 31, Read the requirements Requirement 1. Journalize all entries for Master Bank related to the note for 2018 and 2019. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by recording the loan on June 30, 2018 Date Accounts and Explanation Debit Credit 2018 Jun 30 Choose from any list or enter any number in the input fields and then click Check Answer 4 parts 4 remaining Clear All Check Answer 4 of 6 (2 complete) 3,000 to Kate Perry on a one-year, 6% note. Master's fiscal year ends on Decembe Master Bank related to the note for 2018 and 2019. (Record debits first, then credits Requirements 1. Journalize all entries for Master Bank related to the note for 2018 and 2019. 2. Which party has a a. note receivable? b. note payable? c. interest revenue? d. interest expense? 3. Suppose that Kate Perry defaulted on the note. What entry would Master record for the dishonored note? Print [Done] mber in the input fields and then click Check Answer. Clear All Homework: Chapter 8 homework Score: 0 of 10 pts 5 of 6 (2 complete) HW Score: 56.36%, 56.36 of 10 E8-19 (similar to) Question Help At January 1, 2018, White Top Flagpoles had Accounts Receivable of $33,000, and Allowance for Bad Debts had a credit balance of $4,000. During the year. White Top Flagpoles recorded the following: (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize White's transactions that occurred during 2018. The company uses the allowance method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) (a.) Sales of $181,000 ($162,000 on account; $19,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit 2018 Choose from any list or enter any number in the input fields and then click Check Answer parts O remaining Clear All Check Answer Homework: Chapter 8 homework Score: 0 of 10 pts 5 of 6 (2 complete) E8-19 (similar to) HW Score At January 1, 2018, White Top Flagpoles had Accounts Receivable of $33,000, and Allowance for Bad Debts had a credit balance of $4 White Top Flagpoles recorded the following: (Click the icon to view the transactions.) Read the requirements Requirements - X Debits fin Requirement 1. Journalize White's tran explanation on the last line of the journa (a.) Sales of $181,000 ($162,000 on acq Date Accounts and entry.) O OLI III 1. Journalize White's transactions that occurred during 2018. The company uses the allowance method. 2. Post White's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts. 3. Journalize White's adjustment to record bad debts expense assuming White estimates bad debts as 8% of accounts receivable. Post the adjustment to the appropriate T-accounts. Show how White Top Flagpoles will report net accounts receivable on Its December 31, 2018, balance sheet 11 Print Done Choose from any list or enter any number in the input fields and then click Check Answer parts O remaining Clear All Financial Accounting ACCT_2213103_20708_202020_16 Loga Homework: Chapter 8 homework 5 of 6 (2 complete) ~ core: 0 of 10 pts 8-19 (similar to) At January 1, 2018, White Top Flagpoles had Accounts Receivable of $33,000, and Allowance for Bad Debts had a credit bali White Top Flagpoles recorded the following: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize White's transactions that occurred during 2018. The company uses the allowance method. (Recon explanation on the last line of the journal entre table More Info (a.) Sales of $181,000 ($162,000 on accouf Date Accounts and Ex 2018 a. Sales of $181,000 ($162,000 on account; $19,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $134,000. c. Write-offs of uncollectible receivables, $2,100. Print Print Done Done Choose from any list or enter any number in the input fields and then click Check Answer. parts O remaining Clear All
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