. cdn.student.uae.examus.net/?rldbqn3D1&sessi...ACCT101 FEX_2021_2_MaleA company failed to post a SR50 debit to the cashe18account. The effect of this error will be that:31 - 34a.The total debits in the trial balance will be larger than the total3.11295°The error will overstate the debits listed in the journalb.95abe18C.The trial balance will not balanced.9.5abe18c33The cash account balance will be overstatedabe18ce95abe18ce3395a95abe18ce3395abe18ce3395abe18ce33MacBook ProF3000F4FSF6E5F76&DII7.7 VT.8AY9U****S4

Correct Option A i.e. The trial balance will not balance.

- cdn.student.uae.examus.net/ridbqn1 ACT101_FEX_2021_2_Male A comp iny failed to post a SR50 debit to the cash account. The effect of this error will be that: 31 - 34 a. The total debits in the trial balance will be larger than the total 11 95 b. The error will overstate the debits listed in the journal 95abe18 C. The trial balance will not balance 3.5ab. edits3 d. The cash account balance will be overstated abe18ce33 95abe18ce33 95abe18ce33 95abe18ce33 95abe18ce33 MacBook Pro 204 FS 4 % 61 F7 Dl & DO T. V 8A Y TO SARH 15

- cdn.student.uae.examus.net/ridbqn1 ACT101_FEX_2021_2_Male A comp iny failed to post a SR50 debit to the cash account. The effect of this error will be that: 31 - 34 a. The total debits in the trial balance will be larger than the total 11 95 b. The error will overstate the debits listed in the journal 95abe18 C. The trial balance will not balance 3.5ab. edits3 d. The cash account balance will be overstated abe18ce33 95abe18ce33 95abe18ce33 95abe18ce33 95abe18ce33 MacBook Pro 204 FS 4 % 61 F7 Dl & DO T. V 8A Y TO SARH 15

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Assume that accounts receivable and the allowance for doubtful accounts (AFDA) ending balances were OMR500,000 debit and OMR5000 credit balances respectively at December 31, and the uncollectible accounts are estimated to be 5% of accounts receivable. Find out the ending balance of ADFA from the above given information . a . None of the given options b . OMR 30000 C. OMR 25000 d . OMR 20000
4. A trial balance was extracted from the books of Phax Mohutsiwa. It was found that the debit side exceeded the credit side by P40. The following errors were later discovered. i) Purchases were overcast by P20. ii)An amount paid to L Lesego was debited to the control account as P98 instead of P89. iii) Sales were undercast by P11 Required: Enter the above information in the suspense account and balance it off. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
One company has estimated that $3150 of its accounts receiable will be uncollectible. If allownace for doubtful accounts already has a credit balance of $1102, and the percentage of receivables method is used, it sadjustment to recrod for the period will require a debit to what for what amount?
4G Vo) .l i 15:42 u. ♡ LTE2 7, 15% 40 แบบฝึกหัดท้ายบท 3. H : Required 1. Use the preceding analysis to compute the estimated amount of uncollectible receivables. 2. Prepare the journal entry to record Nana Company estimated uncollectibles, assuming the balance in the Allowance for Doubtful Accounts prior to adjustment is: a. 0 b. $3,000 (Debit) c. $2,800 (Credit) da 8 (Estimating Bad Debts from Receivables Balances) The following information is extracted from the accounting records of the Shelton Corporation at the beginning of 2012: Accounts Receivable $63,000 Allowance for Doubtful Accounts 1,400 (Credit) During 2012 sales on credit amounted to $575,000, $557,400 was collected on outstanding receivables, and $2,600 of receivables were written off as uncollectible. On December 31, 2012, Shelton estimates its bad debts to be 4% of the outstanding gross accounts receivable balance. Required 1. Prepare the journal entry to record Shelton's estimate of bad debt expense for 2012. 2.…
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