Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 17 Feb 2018 My Price 3.00

GAAP for revenue recognition

(Learning Objectives 2, 3, 4: Apply GAAP for revenue recognition, accounts receivable, and uncollectible receivables) On November 30, Windsor Party Planners had a $43,000 balance in Accounts Receivable and a $3,700 credit balance in Allowance for Uncollectible Accounts. During December, Windsor Party Planners made credit sales of $195,000. December collections on account were $164,000, and write-offs of uncollectible receivables totaled $2,820. Uncollectible-accounts expense is estimated as 1% of credit sales.

 

 

Answers

(5)
Status NEW Posted 17 Feb 2018 08:02 PM My Price 3.00

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