Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Management Posted 16 Feb 2018 My Price 9.00

Upham Company

Analyzing Accounts Receivable The June 30, 2009 balance sheet of the Upham Company included the following information:

*The company is contingently liable for discounted notes receivable of $38,000

During the company’s fiscal year ending June 30, 2010, the following transactions occurred:

Required

1. Prepare journal entries necessary for Upham to record the preceding transactions.

2. Prepare an analysis and schedule that shows the amounts of the accounts receivable, allowance for doubtful accounts, notes receivable, and notes receivable dishonored accounts that will be disclosed on Upham’s June 30, 2010 balance sheet.

Answers

Maurice Tutor
(5)
Status NEW Posted 16 Feb 2018 05:02 PM My Price 9.00

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