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ACC 291NEW Course Real Knowledge / acc291NEW dotcom

ACC 291 Final Exam Guide (New)<br>For more course tutorials visit<br>www.acc291.com<br>Question 1 An aging of a company's accounts receivable indicates that $4,500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 credit balance, the adjustment to record bad debts for the period will require a<br>Question 2 The financial statements of the Melton Manufacturing Company reports net sales of $300,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days?<br>Question 3 Stine Company purchased machinery with a list price of $64,000. They were given a 10% discount by the manufacturer. They paid $400 for shipping and sales tax of $3,000. Stine estimates that the machinery will have a useful life of 10 years and a residual value of $20,000. If Stine uses straight-line depreciation, annual depreciation will be

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ACC 291NEW Course Real Knowledge / acc291NEW dotcom

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  1. ACC 291NEW Course Real Knowledge / acc291NEW.com The Best way to predict the Future is to create it.....To Best way.... www.acc291NEW.com

  2. ACC 291NEW Course Real Knowledge / acc291NEW.com ACC 291 Final Exam Guide (New) For more course tutorials visit www.acc291.com Question 1 An aging of a company's accounts receivable indicates that $4,500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 credit balance, the adjustment to record bad debts for the period will require a Question 2 The financial statements of the Melton Manufacturing Company reports net sales of $300,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days? Question 3 Stine Company purchased machinery with a list price of $64,000. They were given a 10% discount by the manufacturer. They paid $400 for shipping and sales tax of $3,000. Stine estimates that the machinery will have a useful life of 10 years and a

  3. ACC 291NEW Course Real Knowledge / acc291NEW.com ACC 291 Final Exam Guide For more course tutorials visit www.acc291.com we have another New set of Final Exam Guide which could be found on this link http://www.acc291.com/ACC-290/product-91-ACC-291-Final-Exam-Guide 1)Hahn Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $300,000 and credit sales are $1,200,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to record the bad debts expense?

  4. ACC 291NEW Course Real Knowledge / acc291NEW.com • ACC 291 Week 1 Wileyplus Assignment E8-4, E8-11, BYP8-1, and BYP8-2 (New) • For more course tutorials visit • www.acc291.com • Wiley Plus Assignment Week 1 • ·E8-4, E8-11, BYP8-1, and BYP8-2 in MS Excel • Exercise 8-4 Wainwright Company • Exercise 8-11 Fedex Corporation • Broadening your Perspective 8-1 Tootsie Roll • Broadening your Perspective 8-2 Tootsie Roll and Hershey

  5. ACC 291NEW Course Real Knowledge / acc291NEW.com ACC 291 Week 2 - Fordyce and Atwater (New) For more course tutorials visit www.acc291.com P10-5A Fordyce Electronics issues a $400,000, 8%, 10-year mortgage note on December 31, 2007. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for semi annual installment payments, exclusive of real estate taxes and insurance, of $29,433. Payments are due June 30 and December 31. Complete the installment payments schedule for the first 2 years. (Round answers to 0 decimal places, e.g. 125. Use rounded amounts for future calculations.)

  6. ACC 291NEW Course Real Knowledge / acc291NEW.com • ACC 291 Week 2 Wileyplus Assignment P8-3A, BE9-11, DI9-5, E9-7, E9-8, BYP9, P9-2A (New) • For more course tutorials visit • www.acc291.com • P8-3A, BE9-11, DI9-5, E9-7, E9-8, BYP9, P9-2A. • Problem 8-3A: Bosworth Company • Brief Exercise 9-11: Nike, Inc. • Do It! 9-5 • Exercise 9-7: Wang, Co. • Exercise 9-8: Cleand Company • Broadening Your Perspective 9-1: Tootsie Roll • Broadening Your Perspective 9-2: Tootsie& Hershey • Problem 9-2A: Navaro Corporation • -----------------------------------------------------------------------------

  7. ACC 291NEW Course Real Knowledge / acc291NEW.com • ACC 291 Week 4 Wileyplus Assignment Do It! 11-1, E11-5, E11-7, BYP11-1, BYP11-2, P11-5A, P11-8A (New) • For more course tutorials visit • www.acc291.com • Do It! 11-1, E11-5, E11-7, BYP11-1, BYP11-2, P11-5A, P11-8A. • Do It! 11-1 • Exercise 11-5 Garcia Corporation • Exercise 11-7 Pele Company • Broadening Your Perspective 11-1 Tootsie Roll • Broadening Your Perspective 11-2 Tootsie

  8. ACC 291NEW Course Real Knowledge / acc291NEW.com • ACC 291 Week 5 Wileyplus Assignment E7-3, E12-1, E12-8, P12-9A, P12-10A, E13-3, E13-4, IFRS13-1, P13-2A (New) • For more course tutorials visit • www.acc291.com • E7-3, E12-1, E12-8, P12-9A, P12-10A, E13-3, E13-4, IFRS13-1, P13-2A. • Exercise 7-3 • Exercise 12-1 • Exercise 12-8 • Problem 12-9A

  9. ACC 291NEW Course Real Knowledge / acc291NEW.com The Best way to predict the Future is to create it.....To Best way.... www.acc291NEW.com

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