ACC 281 Week 3 Exercise E9 3
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ACC 281 Week 3
Exercise E9-3
(a) Dec. 31 Bad Debts Expense 1,400
Accounts Receivable-Fell 1,400
(b) (1) Dec. 31 Bad Debts Expense 8,100
??[(840,000 - 30,000) X 1%]
Allowance for Doubtful
??Accounts 8,100
(2) Dec. 31 Bad Debts Expense 9,900
Allowance for Doubtful
Accounts 9,900
??[(120,000 X 10%) - 2,100]
(c) (1) Dec. 31 Bad Debts Expense 6,075
??[(840,000 - 30,000) X .75%]
Allowance for Doubtful
??Accounts 6,075
(2) Dec. 31 Bad Debts Expense 7,400
Allowance for Doubtful
Accounts 7,400
??[(120,000 X 6%) 200]
Ch. 10:
Exercises E10-2
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Factory Machinery
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Truck
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Factory Machinery
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Land
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Prepaid Insurance
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Land Improvements
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Land Improvements
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Land
- Building
E10-7
(a) (1) 2008: (30,000 - 2,000)/8 3,500
2009: (30,000 - 2,000)/8 3,500
(2)...
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