Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 14 Aug 2017 My Price 7.00

Carpenter Associates

Carpenter Associates The following information is for Carpenter Associates at the end of 2008. Sales $800,000 Sales returns & allowances 8,000 Accounts receivable, 12/31/08 175,000 Allowance for doubtful accounts, 12/31/08 (before adjustment for bad debts) 1,000 Estimated uncollectible accounts per aging schedule at 12/31/08 7,500 1. Refer to Carpenter Associates. If bad debts are estimated at 1% of net sales, how much will Carpenter report as bad debts expense for 2008? 2. Refer to Carpenter Associates. If the aging approach is used to estimate bad debts, how much bad debts expense will Carpenter report for 2008? 3. Refer to Carpenter Associates. If the aging approach is used to estimate bad debts, how much is the net realizable value of the accounts receivable at December 31, 2008? 4. Refer to Carpenter Associates. Assume that the net realizable value is $170,000 after the adjustment for bad debts in 2008. How much is the net realizable value of accounts receivable after a customer's account of $2,500 is written off? Explain why. 5. Refer to Carpenter Associates. Determine the effect on Carpenter's accounting equation of the yearend adjustment of bad debts using the aging approach.

Answers

Maurice Tutor
(5)
Status NEW Posted 14 Aug 2017 01:08 AM My Price 7.00

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