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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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 05 May 2018 My Price 3.00

Mega Sales

Mega Sales has Gross sales of $1,525,000. Of these sales, $1,175,000 were on accounts receivable. During the year of 2007, there were sales returns and allowances and sales discounts on sales made on account of $55,000. Mega Sales calculates that 6 1/2% of the period sales less sales returns and allowances and sales discounts will be uncollectible. Calculate the net realizable value of sales and write the journal entry to recognize the period expense of uncollectible accounts. Show all work

 
 

Answers

(5)
Status NEW Posted 05 May 2018 08:05 PM My Price 3.00

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