Accounts receivable will appear on which of the following financial statements? Statement of changes in stockholders’ equity Statement of cash flows Balance sheet Income statement

15,082 results
  1. Accounting

    Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $4,375,000; Allowance for Doubtful Accounts has a debit balance of $21,300; and sales for the year total $102,480,000. Bad debt expense is estimated at 1/4 of 1%

  2. Financial Accounting

    Calculate accounts receivable turnover ratio. Calculate accounts receivable turnover ratio. Selected information from Mystic Corporation’s balance sheet at December 31, 2010 and income statement for the year ended December 31, 2010 is as follows: Cash

  3. accounting

    indicate in the table below the financial statement on which each of the following accounts appear. (FINANCIAL STATEMENTS) ACCOUNTS: CASH IN THE BANK DOES IT BELONG ON INCOME STATEMENT OR STATEMENT OF CHANGES IN OWNERS EQUITY OR BALANCE SHEET. LL I NEED IS

  4. Accounting

    Identify whether each of the following items would appear on the income statement (IS), statement of changes in stockholders’ equity (SE), balance sheet (BS), or statement of cash flows (CF). Some items may appear on more than one statement; if so,

  5. accounting

    Use the following adjusted trial balance of Webb Trucking Company to prepare a classified balance sheet as of December 31, 2005. Account Title Debit Credit Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,000 Accounts receivable . . . .

  6. accounting

    P4-2A The adjusted trial balance columns of the worksheet for Porter Company are as follows. PORTER COMPANY Worksheet For the Year Ended December 31, 2008 Adjusted Account Trial Balance No. Account Titles Dr. Cr. 101 Cash 18,800 112 Accounts Receivable

  7. accounting

    describe a balance sheet, income statement, retained earnings statement, and statement of cash flows? How does a company use these financial statements to make future business decisions?

  8. acc 100

    Metzger Company compiled the following financial information as of December 31, 2010: Revenues $140,000 Metzger, Capital (1/1/10) 70,000 Equipment 40,000 Expenses 125,000 Cash 35,000 Metzger, Drawings 10,000 Supplies 5,000 Accounts payable 20,000 Accounts

  9. Finance

    Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts: ASSETS Cash $25,000 3.4% Accounts receivable $125,000 _____ Inventory _______ 27.1% Total current assets $350,000 ______ Gross plant and equipment

  10. accounting

    Indicate whether each of the followings accounts normally has a debit balance or a or a credit balance 1.Mary Amos,Capital 2.Cash 3.Fees income 4.Accounts Payable 5.Supplies 6.Salaries Expense 7.Accounts Receivable 8.Equipment

  11. Accounting Question?

    What is the distinguishing characteristic between accounts receivable and notes receivable? a. Notes receivable generally specify an interest rate and a maturity date at which any interest and principle must be repaid. b. Accounts receivable are usually

  12. Accounting

    Attached is the actual Financial Statements, Cash Flow, and Taxes associated with the assignment questions below. 2007 & 2008 statements below. We are working on a comprehensive/spreadsheet problem (financial statements, cash flow and taxes). A balance

  13. Balance Sheet

    Use the following information to complete the balance sheet (1) The company was organized on January 1, 2005, and has operated for the full year 2005. (2) Earnings have amounted to $275,000, and dividends of $70,000 have been paid to stockholders. (3) Cash

  14. accounting

    Based on the financial statements for Jackson Enterprises (income statement, statement of owner's equity, and balance sheet) shown below, prepare the following financial ratios. All sales are credit sales. The Accounts Receivable balance on January 1,

  15. fsu

    The individual amounts in the Accounts Receivable Debit column of a sales journal should be posted to the accounts receivable subsidiary ledger, and the column total should be posted to the Accounts Receivable account in the general ledger.is it true or

  16. bookkeeping

    suppose your business caters a party august 23.according to the contract ,your client will pay the 2500 bill on september 1.using the accrual basis of accounting ,how would you record the transaction? (a)on august 23,debit accounts receivable 2500 and

  17. college

    I need help to journalize these transactions for accounting. Samantha purchased inventory costing 125,000 and sold 70% of the goods for 162,500 all purchases and sales were on account She later collected 25% of the accounts receivable Which is the

  18. accounting

    P9-4A (a-d) Wall Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year end. Number of Days Outstanding Total 0-30 31-60 61-90 91-120 Over 120 Accounts

  19. accounting

    Exercise 9-13: Accounts receivable turnover L.O. A1 The following information is from the annual financial statements of Lucilla Company. 2009 2008 2007 Net Sales $ 262,000 $ 193,000 $ 245,000 Accounts Receivable, net (year-end) 42,700 40,500 37,200

  20. Account -2

    Based on the financial statements for Jackson Enterprises (income statement, statement of owner’s equity, and balance sheet) shown below, prepare the following financial ratios. All sales are credit sales. The Accounts Receivable balance on January 1,

  21. Business

    Using the financial statements for the Goodyear Calendar Company, calculate the 13 basic ratios found in the chapter. GOODYEAR CALENDAR COMPANY Balance Sheet December 31, 2008 Assets Current assets: Cash . . . . . . . . . . . . . . . . . . . . . . . . . .

  22. Financing and Budget

    Which of the following financial statements includes the assets, liabilities, and equity accounts of a business? A. Income statement B. Balance sheet C. Form W4 D. Operating budget B.

  23. Accounting

    what are the outside factors upon which the conclusions drawn from financial statements and financial statement analysis are reliant? Please help!! I'm trying to finish a VERY long accounting paper and got stuck with this question, have no clue, someone

  24. finance

    pro forma financial statements are a. the most comprehensive means of financial forecasting b. often required by prospective creditors Thank you for using the Jiskha Homework Help Forum. Here is a definition of Pro Forma Financial Statements: Definition

  25. acc 121

    Bob is investing in a partnership with Andy. Bob contributes as part of his initial investment, Accounts Receivable of $80,000; an Allowance for Doubtful Accounts of $12,000; and $8,000 cash. The entry that the partnership makes to record Bob's initial

  26. Accounting

    Accounts receivable will appear on which of the following financial statements? Statement of changes in stockholders’ equity Statement of cash flows Balance sheet Income statement

  27. accounting

    The following financial data were taken from the annual financial statements of Smith corporation: 2007 2008 2009 Current assets $450,000 $400,000 $500,000 Current liabilities $390,000 $300,000 $340,000 Sales $1,450,000 $1,500,000 $1,400,000 Cost of goods

  28. accounting

    discuss the four financial statements and explain the different components of the statements as well as what the statements tell about a business What four financial statements? What different components? Please note that we don't do students' homework for

  29. Financial Management

    If you make an extra $50.00 principal payment per month, what are the opportunity cost considerations? The sites listed below should be of help to you. 4 Financial Statements http://www.quickmba.com/accounting/fin/statements/ Beginners' Guide to Financial

  30. ACC

    Smithson Corporation had a 1/1/10 balance in the Allowance for Doubtful Accounts of $10,000. During 2010, it wrote off $7,200 of accounts and collected $2,100 on accounts previously written off. The balance in Accounts Receivable was $200,000 at 1/1 and

  31. finance and cost management

    Diazstar corporation sells on terms of 2/10, n/30. 70% of costumers normally avail of the discounts. annual sales are $900,000. 80% of which is made on credit. Cost is approximately 75% of sales. required: 1. average balance in accounts receivable. 2.

  32. finance 34

    34. The retained earnings of the firm belong to A. creditors B. preferred stockholders C. common stockholders D. bondholders I chose (C) common stockholders, because the equity section is divided into two accounts 1. common stock and 2. retained earnings.

  33. accounting II

    A company has $314,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The allowance for doubtful accounts now has a $1,890 debit balance. If the company estimates that $8,160 of accounts will be uncollectible

  34. human resources

    The way a company accounts for human resources is an example of which of the following financial statement limitations?

  35. ashford

    At the beginning of 2012, the Jeater Company had the following balances in its accounts: Cash $4,300 Inventory 9,000 Common Stock 10,000 Retained Earnings 3,300 During 2012, the economy experienced the following events: 1. Purchased inventory that cost

  36. Accounting

    Which of these assets are "quick assets"? -Cash and cash equivalents -Short-term investment -Trading assets -Accounts receivable -Inventories -Deferred tax assets -Other current assets I am thinking "cash and cash equivalents" and "accounts receivable"

  37. ACCOUNTING

    This is our next assignemt due. I do not know where to begin looking. Any ideas? The analysis of financial statements is critical for determining the financial health of any organization. Financial statement analysis, however, demands a thorough

  38. accounting

    I have been hired into a new company to oversee the accounting department. What type of financial reports would I expect to see in the department? How will I use the financial reports available to me to make business decisions? This is what I have so far

  39. accounting

    Anzlyzing financial statement effects of accounting for bad debits using the allownace method. Duffy Bros. uses the allowance method to account for bad debets expense. Duffy experienced the following four events in 2008: 1.Recognition of 64,000 of service

  40. Accounting

    On Dec 31, 2007, before adjusting entries, the blances of selected accounts for the company were as follows: Accounts receivable 840,000 Allowance for uncollectable accounts (debit balance) 2,000 dr. The company has determined that historically about 2.0

  41. accounting

    The two accounts used to adjust the uncollectible accounts are. A) Uncollectible Accounts Expense and Allowance for Uncollectible Accounts. B) Accounts Receivable and Uncollectible Accounts Expense. C)Accounts Receivable and Allowance for Uncollectible

  42. account/check please

    The two accounts used to adjust the uncollectible accounts are. A) Uncollectible Accounts Expense and Allowance for Uncollectible Accounts. B) Accounts Receivable and Uncollectible Accounts Expense. C)Accounts Receivable and Allowance for Uncollectible

  43. accounting

    Selected year- end financial statements of Cadet Corporation follow. ( All sales were on credit; selected balance sheet amounts at December 31, 2008 (prior year – you will need this to calculate certain averages), were inventory, $ 56,900; total assets,

  44. ACCT 2100

    The bookkeeper for Andy’s Country Music Bar went insane and left this incomplete balance sheet. Andy’s working capital is $95,000 and its debt to assets ratio is 40 percent. Required: Complete the balance sheet by supplying the missing amounts. (Round

  45. Finance

    Use the following financial statements for Lake of Egypt Marina, Inc. LAKE OF EGYPT MARINA, INC Balance Sheet as of December 31, 2012 and 2011 (in millions of dollars) 2012 2011 2012 2011 Assets Liabilities and Equity Current assets: Current liabilities:

  46. Introduction to Finance: Harvesting the Money Tree

    27. Prepare a statement of cash flows for the Crosby Corporation. Follow the general procedures indicated in Table 2–10 on page 38 . Statement of cash flows (L04) Current Assets Liabilities Cash . . . . . . . . . . . . . . . . . . . . . . . . . $ 15,000

  47. Accounting

    Which of these assets are "quick assets"? -Cash and cash equivalents -Short-term investment -Trading assets -Accounts receivable -Inventories -Deferred tax assets -Other current assets I am thinking "cash and cash equivalents" and "accounts receivable"

  48. Accounting

    Which of these assets are "quick assets"? -Cash and cash equivalents -Short-term investment -Trading assets -Accounts receivable -Inventories -Deferred tax assets -Other current assets I am thinking "cash and cash equivalents" and "accounts receivable"

  49. Finance 200

    How do I set this up? How do I do this? I'm not undestanding what she wants me to do. · Complete using the financial statement below to calculate the 13 basic ratios found in the chapter. There is NO need to repeat the financial statements in your

  50. fiance 200

    How do I set this up? What do I do? I'm really confused on what to do. Please Help! · Complete using the financial statement below to calculate the 13 basic ratios found in the chapter. There is NO need to repeat the financial statements in your

  51. accounting

    Post a 200- to 300-word response to the following: You have been hired into a new company to oversee the accounting department. What type of financial reports would you expect to see in your department? How will you use the financial reports available to

  52. Accounting

    Can anyone tell me if this is correct? I have been hired into a new company to oversee the accounting department. What type of financial reports would I expect to see in the department? How will I use the financial reports available to me to make business

  53. accounting

    here is what I need to do; however my problem is I can not find where I can download the financial information on any corporation Select an American corporation. Visit its website and download the Income Statement, Statement of Stockholders Equity, Balance

  54. accounting

    The following financial data were taken from the annual financial statements of Smith corporation: 2007 2008 2009 Current assets $450,000 $400,000 $500,000 Current liabilities $390,000 $300,000 $340,000 Sales $1,450,000 $1,500,000 $1,400,000 Cost of goods

  55. accounting help

    IN 2008, Variman, Incorportated had Gross Accounts receivable of $2,366,420 and management estimated the Allowance for Doubtful accounts to be $243,520. Compute the ratio of Allowance of Doubtful accounts to Net Accounts receivable for Variman, Inc. for

  56. ACCOUNTING !!

    IN 2008, Variman, Incorportated had Gross Accounts receivable of $2,366,420 and management estimated the Allowance for Doubtful accounts to be $243,520. Compute the ratio of Allowance of Doubtful accounts to Net Accounts receivable for Variman, Inc. for

  57. Financial Accounting

    Use the following information to answer multiple-choice questions 5 and 6. At the end of the year, before any adjustments are made, the accounting records for Sutton Company show a balance of $100,000 in accounts receivable. The allowance for uncollectible

  58. Accounting

    When a corporation issues common stock what is the impact on the financial statements (assets, liabilities, stockholders' equity, and net income) and on the following financial ratios: Current ratio, ROA, and ROE?

  59. Financing and Budget

    Which of the following financial statements includes the assets, liabilities, and equity accounts of a business? A. Income statement B. Balance sheet C. Form W4 D. Operating budget B.

  60. accounting

    How do you think the accounts receivable system contributes to the overall success of a business? What impact does the accounts receivable systems has on cash flows and on customer service?

  61. Business Maths

    How do i calculate this problem. In 2007 the Pearl Boutique had net credit sales of $750,000. On January 1, 2007, Allowance for Doubtful Accounts had a credit balance of $16,000. During 2007, $30,000 of uncollectible accounts receivable were written off.

  62. accounting

    A tabular analysis of the transactions made during August 2010 by Witten Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities + Stockholders' Equity Cash +

  63. acc/220

    Write a 350- to 700-word paper describing a balance sheet, an income statement, a retained earnings statement, and a statement of cash flows. How does a company use these financial statements to make future business decisions? Use and define the following

  64. Accounting

    A company's ______ include the financial statements and notes to the financial statements as well as management's extensive discussion and analysis. A. Balance Sheet B. Internal Audit Report C. Annual Report D. Income Statement My answer is B, is this

  65. finacial question

    is there anywhere i can find this information or if someone could help me with it... who are the internal and external users of a company's financial statements? For what purposes do they use this information? External users include stockholders and

  66. accounting 100

    The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2014: Accounts payable $ 18,000 Accounts receivable 11,000 Accumulated depreciation – equipment 28,000 Advertising expense 21,000 Cash

  67. Managerial Accounting

    Please give an example of how you would use each of the financial reports (income statements, balance sheets, CVP income statements, statement of cash flows, and retained earnings statements) in order to make a business decision.

  68. accounting

    Unusable Financial Statements Malissa is an accountant. Sometimes printouts of financial statements have errors and are not usable. Malissa doesn't like to waste anything, so she takes the unusable financial statements to her son's day care center to use

  69. fin220

    Collins Office Supplies is considering a more liberal credit policy in order to increase sales The following data is available for the company: Uncollectable new accounts 7% Collection costs 6% of new sales Production and selling costs 79% Accounts

  70. acct ii

    A company has $314,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The allowance for doubtful accounts now has a $1,890 debit balance. If the company estimates that $8,160 of accounts will be uncollectible

  71. Accounting

    I am working on a problem that wants me to make a balance sheet and income statement for the Argo Sales Company based on some information given that I have no idea how to compute. I have been able to figure out how to do a ratio correctly if I am given the

  72. Accounting

    The comparative statements of Lucille Company are presented here. LUCILLE COMPANY Income Statements For the Years Ended December 31 First number are 2012 2012 then 2011 Net sales $1,890,540 $1,750,500 Cost of goods sold 1,058,540 1,006,000 Gross profit

  73. ACCOUNTING

    What is the difference between cash basis and accrual basis accounting? Why do accrual basis financial statements provide more useful information than cash basis financial statements? Describe when each statement would be appropriate to use.

  74. Accounting/Financing

    I am so weak at this new class I started no matter how many times I read my textbook, I cannot understand how to calculate ratios can someone please show me or guide me how to work these problems, I would really appreciate it, thank you please help me..

  75. accounting

    40. The following items are taken from the financial statements of Pelatihan OSN Company for the year ending December 31, 2016: Accounts payable 18,000 Accounts receivable 11,000 Accumulated depreciation – equipment 28,000 Advertising expense 21,000 Cash

  76. Kaplan

    How do I find the bad debt expense percent when all the info I have is sales, credit sales, collections on accounts receivable, and receivable written off?

  77. acc/291

    I got problem P-13-9-A allfigured out I just can'tP13-9A Condensed financial data of Arma Inc. follow. ARMA INC. Income Statement For the Year Ended December 31, 2011 Sales $392,780 Less: Cost of goods sold $135,460 Operating expenses, excluding

  78. finance 200

    · Complete using the financial statement below to calculate the 13 basic ratios found in the chapter. There is NO need to repeat the financial statements in your assignment. Just show the calculations of each ratio: FORD MOTOR CORPORATION Balance Sheet

  79. Accounting

    Argo Sales Corporation has in recent years maintained the following relationships among the data on its financial statements: Gross profit margin 40% Net profit margin 10% Rate of selling expenses to net sales 20% Accounts receivable turnover 8 times per

  80. business

    Using the financial statements for the Goodyear Calendar Company, calculate the 13 basic ratios found in the chapter. December 31, 2008 Assets Current assets: Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

  81. Finance

    Calculate the accounts receivable period, accounts payable period, inventory period, and cash conversion cycle for the following firm: Income statement data: Sales 5,000 Cost of goods sold 4,200 Balance Sheet Data: Beginning of Year End of Year Inventory

  82. business

    Which of the following statements most represents a drawback to receiving financing through factoring? The business that buys the accounts receivable takes responsibility for collecting them. It’s available to companies who don’t qualify for unsecured

  83. accounting

    After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $673,400, and Allowance for Doubtful Accounts has a balance of $11,900. Describe how the accounts receivable and the allowance for doubtful

  84. human resources

    As the company bookkeeper reviewing delinquent accounts receivable, you find that a relative of yours has not paid his account amounts of $550. You know that he has been experiencing financial difficulties, and so you set his account aside and do not

  85. human resources

    As the company bookkeeper reviewing delinquent accounts receivable, you find that a relative of yours has not paid his account amounts of $550. You know that he has been experiencing financial difficulties, and so you set his account aside and do not

  86. accounting/help please

    The two accounts used to adjust the uncollectible accounts are. A) Uncollectible Accounts Expense and Allowance for Uncollectible Accounts. B) Accounts Receivable and Uncollectible Accounts Expense. C)Accounts Receivable and Allowance for Uncollectible

  87. account/check please

    The two accounts used to adjust the uncollectible accounts are. A) Uncollectible Accounts Expense and Allowance for Uncollectible Accounts. B) Accounts Receivable and Uncollectible Accounts Expense. C)Accounts Receivable and Allowance for Uncollectible

  88. Accounting

    Help with Crosby Corporation? Can you please help me. I am completly stuck. Prepare a statement of cash flows for the Crosby Corporation. Follow the general procedures indicated in Table 2–10 on page 38 . Statement of cash flows (L04) Current Assets

  89. accounting

    In 2002, construction work began on a three-year contract at a price of $7,525,000. The firm uses the percentage-of-completion method of financial accounting purposes. The income to be recognized each year is based on the proportion of cost incurred to the

  90. Business

    Which one provide the necessary information to determine the liquidity of a company? a. Government agency b. Stockholders c. Contract negotiations d. Financial statements

  91. college-Finance

    any help? thank you Diazstar corporation sells on terms of 2/10, n/30. 70% of costumers normally avail of the discounts. annual sales are $900,000. 80% of which is made on credit. Cost is approximately 75% of sales. required: 1. average balance in accounts

  92. Economics

    As a manager of a financial planning business you have two financial planners, Phil and Francis. In an hour, Phil can produce either one financial statement or answer 8 phone calls, while Francis can either produce 4 financial statements or answer 10 phone

  93. accounting

    Situation Parent, Inc. is contemplating a tender offer to acquire 80 percent of Subsidiary Corporation's common stock. Subsidiary's shares are currently quoted on the New York Stock Exchange at $85 per share. In order to have a reasonable chance of the

  94. accounting

    A credit customer paid $850 toward his accounts receivable. The accountant recorded a credit to the revenue account. This error would cause __________. A. revenue to be understated B. cash to be overstated C. accounts receivable to be overstated D.

  95. Accounting

    Can financial statement users of not-for-profit hospitals’ financial statements expect to be fully informed regarding affiliated parties, such as the linkage between St. Jude Children’s Research Hospital, ALSAC, and the foundation cited?

  96. Finance

    . Pretty Lady Cosmetic Products has an average production process time of forty days. Finished goods are kept on hand for an average of fifteen days before they are sold. Accounts receivable are outstanding an average of 35 days, and the firm receives

  97. Math

    From the ff. account balances picked up from the ledger of Morgan Industries on July 15, 2008, prepare a trial balance in good form Morgan, Drawing Drawing 1, 800 Accounts Payable 38, 000 Land 30,000 Sales Discount 3, 600 Purchase Returns and Allowances

  98. Accounting

    Which of these assets are "quick assets"? -Cash and cash equivalents -Short-term investment -Trading assets -Accounts receivable -Inventories -Deferred tax assets -Other current assets I am thinking "cash and cash equivalents" and "accounts receivable"

  99. Financial Accounting

    From the information that follows, prepare an income statement and balance sheet for ABC Management Consulting for presentation at the annual board of directors meeting. Use proper formatting of financial statements by reviewing the various illustrations

  100. Finance

    From the information that follows, prepare an income statement and balance sheet for ABC Management Consulting for presentation at the annual board of directors meeting. Use proper formatting of financial statements by reviewing the various illustrations

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