For Online Class Help or Private Tutoring Service email us at [email protected] or WhatsApp us at +1 (781) 656-7669

Homework Provider

 
  • Take My Class
  • Take My Exam
  • How It Works
  • Solutions
    • Questions
  • Testimonials
  • Blog
  • Who Are We
  • Contact Us
  • Take My Class
  • Take My Exam
  • How It Works
  • Solutions
    • Questions
  • Testimonials
  • Blog
  • Who Are We
  • Contact Us
  1. Home
  2. Questions
  3. Liberty ACCT 211 Connect Homework Chapter 7 Exercises Answers Complete Solutions

Contents

  • 1 Liberty ACCT 211 Connect Homework Chapter 7 Exercises Answers Complete Solutions
      • 1.0.1 Question 1
      • 1.0.2 Question 2
      • 1.0.3 Question 3
      • 1.0.4 Question 4
      • 1.0.5 Question 5
    • 1.1 STATUS
      • 1.1.1 Question 6
      • 1.1.2 Question 7

Liberty ACCT 211 Connect Homework Chapter 7 Exercises Answers Complete Solutions

Just put your values given in Excel and automatically provide answers for you!

Question 1

Vail Company recorded the following selected transactions during November Current Year.

1. Prepare a general ledger having T-accounts for Accounts Receivable, Sales, and Sales Returns and Allowances. Post these entries to both the general ledger and the accounts receivable ledger.

Question 2

2. Prepare a schedule of accounts receivable.

Question 3

Levine Company uses the perpetual inventory system and allows customers to use two credit cards in charging purchases. With the Suntrust Bank Card, a 4% service charge for credit card sales is assessed. The second credit card that Levine accepts is the Continental Card. Continental assesses a 2.5% charge on sales for using its card.

Question 4

Dexter Company applies the direct write-off method in accounting for uncollectible accounts.

Prepare journal entries to record the above selected transactions of Dexter.

Question 5

At year-end (December 31), Chan Company estimates its bad debts as 0.40% of its annual credit sales of $711,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $356 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written off.

Prepare the journal entries for these transactions.

take-my-online-class-thumbnail
Play Video
pay-someone-to-take-my-online-class

Name: Jennifer Lucas
Status: Online ⬤
Classes Taken: 3878
Ratings: ⭐⭐⭐⭐⭐

Hire Me

STATUS

Question 6

At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31, 2017, it has outstanding accounts receivable of $137,000, and it estimates that 3% will be uncollectible.

Prepare the adjusting entry to record bad debts expense for year 2017 under the assumption that the Allowance for Doubtful Accounts has:

(a) a $2,329 credit balance before the adjustment.

(b) a $685 debit balance before the adjustment.

Question 7

Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis.

a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using the aging of accounts receivable method.

b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $3,700 credit.

c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $200 debit.

Facebook
Twitter
Reddit
Pinterest
WhatsApp
Email
pdf-answers
Get Solved Answers
$2.99
Add to cart

GET QUICK PRICE ESTIMATE FOR THIS TASK

WHY CHOOSE US

  • Over 300 Experts to Work on Your Papers
  • 100% Privacy and Confidentiality
  • Amazing Discounts and Special Offers
  • Delivery within Every Deadline Level
  • Secure Payment Process
  • High-Quality Papers
  • 24/7 Live Customer Support
  • Free Revisions If Required
  • Fair & Cheap Prices
  • Rated 4.9/5 By Students

COMPLETED TASKS

SOCS 325 Week 8 Final Exam (Version 2)

July 13, 2020

SOCS 325 Week 8 Final Exam (Version 1)

July 13, 2020

SOCS 325 Week 8 Final Exam (Collection)

July 13, 2020

SOCS 325 Week 8 Collaborative Group Project Discussion

July 13, 2020

SOCS 325 Week 7 Bundle: Assignments + Group Project + Discussions

July 13, 2020

SOCS 325 Week 6 Bundle: Assignments + Discussions

July 13, 2020

SOCS 325 Week 5 Bundle: Assignments + Discussions

July 13, 2020

SOCS 325 Week 4 Midterm (Version 4)

July 13, 2020

Homework Provider

Facebook-f Twitter Pinterest Whatsapp Reddit Envelope

WE ACCEPT

PayPal
VISA Light
AMERICAN EXPRESS LIGHT
Bitcoin
  • Take My Online Class
  • Do My Case Study
  • Take My Online Exam
  • Online Class Help
  • Do My Homework
  • Take My Online Test
  • Original Homework Help
  • Premium Plagiarism Checker
  • Take My Midterm Exam
  • Research Paper Writing
  • Case Study Writing Help
  • Dissertation Writing Service
  • Online Coursework Help
  • Pay Someone To Write My Paper
  • Pay For Online Classes
  • Programming Classes Help
  • MyMathLab Answers
  • MyStatLab Answers
  • MyAccountingLab Answers
  • Need Help With Online Class
  • Cheap Assignment Help
  • Write My Online Essay
  • Online Student Problems
  • Math Homework Help

Contact Us

  • [email protected]
  • WhatsApp (781) 656-7669
  • twitter.com/hwp_helper
  • fb.com/homeworkprovidercom
  • Privacy Policy
  • Terms of Use
  • DMCA
  • Cookie Policy
  • Money Back Guarantee
  • Premium Plagiarism Checker
  • Contact Us

HomeworkProvider.com is not endorsed or affiliated by any university or college. The services provided are meant to assist the client by providing a guideline and the product provided is intended to be used for research or study purposes.

© 2013-2020 HomeworkProvider. All rights reserved.

ORDER THIS
WHATSAPP

Yay! You are just one step away to get rid of homework stress

  • How It Works
  • Testimonials
  • We are committed to ensuring that your information is secure with us
hire-an-expert-to-do-my-exam

Don't Waste Your Time Searching For Old Plagiarized Courses

Get Your Job Done By Our Anonymous Quality Experts

  • How It Works
  • Reviews
  • 24/7 Support
doc icon homework provider

CIS 155 Lab Help, Leslie​
Thank you for doing my CIS 115 lab. Homework Provider is the best.

Rated By Client
 5/5
doc icon homework provider

Dream Service, William
Thanks God, you came to my rescue. Thanks for your help.

Rated By Client
 5/5
doc icon homework provider

Mind blowing service, Eddie
I could have failed quite a few exams if you guys did not help me

Rated By Client
 5/5
doc icon homework provider

Got A grade in final exam, John
I still couldn’t believe I got an A grade in my exam. Highly vouched service.

Rated By Client
 5/5
doc icon homework provider

Linda, opted for private tutoring
Subscribed to get online class help for devry acct 212 week 1-8 class​​

Week 5 65%
doc icon homework provider

Acct Course Project, Ryan
Thanks a lot to my writer who followed all my requirements.

Rated By Client
 5/5
xls-icon

Genuine service, Steven
The research paper was much more than I expected! Thanks a lot.

Rated By Client
 4.5/5
doc icon homework provider

Karen, opted for private tutoring
Subscribed to get online class help for liberty BUSI 536 week 1-8 class.

Week 7 88%
doc icon homework provider

Marcus, opted for private tutoring
Subscribed to get online class help for ashford psy week 1-5 class.

Week 3 58%
doc icon homework provider

I got A grade in class, Amanda
with the help of homework provider I made it to pass my acct 505 class.

Rated By Client
 5/5