CHAPTER 5 Oonoeee oe 0 T5c00 Nocsrecetable 100 ¢00 Tamales eceabe sacc00 Adkaicss osupsins 150,000 Athencrso seidry secon Ci recrble 18000 Sabsaisenseceabhe sacco0 Accedinteesteceable 1.000, (Casimer# rest blaaces Advance item custome Revcvatle. bb Accoumsreciable Allowance for dowel scouts Nets reccealie Tilsen Atkorcesoepliens Cain recidle Subs pion eile Avomed inner reine Total trade aad the rcevables The atherces to bide sheldbe ced as sancareal and peste ae Jong ss avesnoet Thence tl emacs ti est std aie ‘omen Bites andincined on pt of ice onder past” gon auoose 0.000 20009 2.900.009 neo «50.000 109.900 cam 140000 1000 320.000 ‘300 iowProblem 65 a Accoumts vecesble~ anuary 1 Cases Tora ese Collections from estonert Witeot Merchandise ret Mlcwomees to artomers Accom steivable Deweaber 31 , Subssinonecisble Deven oa cote ‘Cham reiene Aoncnioalens Adbesces to lated ‘Aalst “Recents necivdke © Assouasecenabie (Chin ceosatle Advance to cxploree Agierss 0 uper Toa tae nd eter esas 5300 000 38000, ‘40000 2.000 150000 coo ‘0.000 taceo 00.000 sx.c00 4 Thosnbseigionstonsrabe soul be deta fon evbsebad has cpa 0000 soon.a09 6600000 400.009 7200000 80000 2.300 000 60.099 sams —t0000 Taw ‘The depo cn coms shod be cae enone ond peseated oer nonce ae, “The adncesto afte shoal he sified as nencarent md presented ss Toner nese Probe 6 1. asccaasesrade ‘Sie ‘Neco reesrne Devt secon ‘Alovance Fx doubles ‘econ reese Sales ctu ‘Necomtsreeieabe s000 50900 15000, 300.000 60000 9.900 anon 150006 com 2.450.000 7 Sees scant 500 ‘cao roo © cat ‘se,p00 ‘Aiemawaaseate Ler lence fr dowel esoarts [Neale value rable 57 FOR destination and freight collect 1 css bse sco000 Freight oat 1.000, Blown fo frig charge 2 cab 75000 Sales decunt 18000, AllowarcefeGcek charge 10.000 ‘cams evale FOB destination aed fright prepaid Sees co 2 cad 85000 “econ rooseae FOR shipping pint xn fsight callect 1 esos esi s0n.00 sae 2 cua 435,000 a 45.000 70000 —zo00 ‘cao sen.900 2000 10200 0.00FOS sipping peat and frdisht prepaid 2 Ascot teevebe $2000 cosh 2 can ss%c00 Sales count 14000, Problem 6-8 1 Acoont rece 44000 ¢00 ‘Sikes 2 Co reco Soe cna! 4.000 ‘Assovns eee a eh 100,000 ‘scouts eos 1 Saleem ‘00,600 ‘Asso cece 5. Saeresom 4.000 Problem 6.9 My 1 Aosrmstee see iy | deenmaraiate "Recaue ete 2o9coe Problem 6-10 ©. Crodtanes 75% 5,005,500 ‘Doubléal accounts (2% x 3,750,000) a 4.60000 10000 2.04000 00000 750.000 7500esx $000 000) llowees for onic © Regesdatloxance Ler Cre blmes of lisrnse out acoumis “Mlowance or dxf aeons 4 Reaited Aonance (10% x 500,000) Tae Grattan of elownce oniflacoont expense Dott asoants “Alewace fr doubllaxoens Problem 611 2. Reqiesdatlosanc 6 600000) ‘AaE Debit tance a Wowace ascent ©. Reqictllonance ‘Nat Debt tee a aloe Don asovar expense Dow ascuats ‘Alorace Fx doubiful coats © Dull acousts (x 1900000) ‘Alwrace fx doubt cout Probie 612 Dont acouats (44 » 8000000) ‘Mla or dx oon 1 Doub accounts ‘Mlrance oe dx ores sone s0000 eoo00 seom0 6 5000 50.00 $9900 nom 600 soon 20000 20.00 oom sro000‘Aowanee— daar 1 Duel econ (ens) Recrey Teta Accounts writen of Allowarce~Decaber 31s 2.000000) Allowance Jaana 1 Deane aconae (ers) Recovery tad cask Ses issuer Ascent teeta (2,150,000) cat, Alowance fox dni sccomts ‘Acct cin lowes for ntl eccomsts ‘Accor reasons Seeseee 000.000 2as00 sco seonc00 1000 rocco os 10.900 1.900 20900 80.000 Lse000 ea00 020.000 200900 000 10900Rajuireneat ut aeonnts 40900 ‘Mowe for eat! scones Rave = 40,0001 600.00 = 16 Allonsasfor vf acovsts Desay 3] (8x 1,500,000) Lee Allowance bare agaent Recuirancat< Aas cae Dee Allwene For etl econ Neves valve Prublew 6-14 Reguireneat = Asoo esses sam00 Sale (520.000 108) 2 can easom Sales ecuat (5064 720.00) 3600, “Accor renee 10M 7.200 000) 3. com 540 000, ‘Accoumareesnaie 4 Sales sisonat 10,000 “Awan foc sales dasouat S$. Saeseom apo “Aesoue eee 6 Allowansefor dota aecues aco Accom erie ‘200 ‘Mowe fre dob oeroints cot, 10,900 ‘Accoutessecable 61000 22.00 1.s00000 ‘o00) Tx.o00 000.00 sinn0 1.000Dost acousts ‘Allowance for deli exsouls Reged alovance~December 31 (5% 2 2400,000) Donel eso Rave = 100000',000,000 = $8 Regent Accom tescivebie Tlexe Allowmcs for doe! accents lowe farses soe Necsedeevitie Problem 6-15 Revwiremeat » 1 Aceoantrscvble ‘Sales 07D D00- 470.005 cash 2.185.000 1.488.000) ca ‘Aceoot 2oseabe (1. 155,007978) ‘Recounts reoaraile cnt ‘Stes Satesreianfationamces ‘Accounts tecvabie Sassi cad llowencee an Shennan “Alowance for doo coon 120000 40,000, 2.630.000 ‘0.000 435,000 s7ag00 5000 0.00 66 ow 79000 2.00000 130000 Troon 20000 1,300,000 20000 sr0co0 ss000 0900 somRequiraacat Dott acount: ‘Mowe foc ett acon Cotes Tew Se scot Sales rn an allo aces Retard ade Dewbsel acon (50.000 «29 Reawivaaeat Accent seeable (ae Aller fx eal scl Detreainsble alee Problem 616 Sales coone “Ascent seetale (110.0004 96%) 3. Cat 4 scons eceatie “Allomance oe dnt scones con ‘Accontstesivaile cut Accmlarenseie "0.090 4410000 2478000 — 6, Allows fr dob coats “Accontsreeawale Sales tem ‘Aecoan rl: sono 45000 15000) 0000 2620000 25000 "0.003 $65,000 13000 100000 5.000 0.000Resiraaat ae (on.900/ 1.300.000) ate Requbed ovine ites 1250.00) Allowance tefere jeter (S0.00~ 15 000~ $5,000) Teer dlooamce otal acoarts S000 ‘Allow for dental acess Reqsiremente Assonne geewsble Dsesabo 31 ‘Allovance fr debt scents ‘Net ratzatle aoe Problem 617 Percent of Amenst — eecallale 2, Reevet due 100090 1-30 darspastce 200.000 se 31 @hdayapeetce 100 000 = 61-90 darspas due 130000 Sm Ore 90 dive past be Lame 200% samo Devil accounts expense (aquere) Toad Less: Witt 23,000 20.00) Hemuseasliowsnce Desauber 31 ‘Less: Allowance foe dou acount Nevoaloatevale 4 000000 x 386 109,000 & 5 ‘6.000 100% sseno%0 68 200 00) 0200 sis00 5000 258000 380,000 Eeico 10900 2000 1900 wag002 Allowance Jansen 1 ieee Deal acon (seers) Toad Les teat 10.000 30000) Allowance—Deceer 31 3, Dail acount snow ‘Alonance or dxf occosnts ones anoent ecard (29.00.00) Undesotenet ‘Ler lowes for cow evonets Neveeizde value Problem 519 209 wo aL 1 Witeast 36000 23.000 30.000 Lest Recoveries 2.000 200 4000 Netwsteath Mo = ie ea 76.000 Percennge to eased comping the llomamce = =n 3.600.000 2 Cyoditsles foe 2012 ‘Maly by bad del pentane Province for denbil scents © At Grit sales for 2012 3,000,990 Recovais S000 Total Lest Calleetons in 2012 2.618000 Waeot 40.036 Accounts ecivebie~ Dessbcr 3, 2012 44 Allowance fr dbf! accounts Januar ‘Add Dosti scconstsfor 2012 9.000 Recoveries $000 ot Los Wate ‘Allowance fer dob cceos~Descabe 31 6 0500 200 smnaen seco "40,000 ‘70,000, ‘Total 5000 3000 600 000.000 SSS000 2aeecon a0 65000 $5,000Problem 6.20 1 Astoune reousehle~Deceiber 31,2011 Recovery of amounts write off cata ‘eco sated by omens fate Accounts esas - Desanber 31,2012 2. Mowencefer doubt! usouts~Daseesber 31,2011 Leer Acsoitte ten of Alene Ualosadjacanet ~ Deca 31,2012 (Gee alares) ‘On pct a gescos 302000 30%) rata 1. Reqaced aionance—Deseabe 31,2012 [AaL Debt bance betes chin at ‘llearesfor ent soars ‘,ee.c00 1 Remained waings (015 1.260000) ‘lowe for ent aecoat Recoveries 2012 Denil econai 2012 (gassed) Leer Witeott 2012 Allowance Decaoa 51 (017 = 2900000) 3. Accouse rcavatie 70 en00 spi0co 4usieco Lpoe000 so 50.000 59.900 5200 10800 1.000000 . 20,000 iecoo oaa00 2000.00Problem 6 22 1 Allonans2—Faney 12012 Donal asonas ect (2%% 2,000,000) Reovery To Lest: Wakes 300 000+ 109.030) 2. $9000 5% 22000000 « 128 {0000 2855 5000 100.000 755 Reqied lon ance Decetnbes 31,2012 3 Doub sccousis ssac00 Alswanssfor deal sccsats (000,000 80,00) Problem 623 2 Allowance L1/2012 (84 2800000) © Simin semarecordntin 212 18s 30,000) Recover “Tota ‘Alvan before aja son008 6 60.000. 2085 near ees “Tene inwatment resco 0.98 ~ $0,000) Accounts eee fom afcr= ‘Acces whch posta checks aebeld ea tnd ccnarts rei n ‘e000 000) 0000 50.000 ‘00009 200 000 22.0%) 000 now asan00 ‘e000 10000n Problen 625 Answer B Asmara: 2om000 ‘Allowance for dba ccnats (6x 3.90.00 tonc0p ‘Netveizabe value ‘Lan Problem 626 Answer A Allowaace for doa accuses © 00,900) Cian recta smg00 Problem 627 Anrwer B Accomm eessble amas 30000 Cede Sales ‘Acton welt ff (100,000) Slovene for al sees (20.000), ‘Mlowancs free ene Acco esisble— Janay 1 ss0000 ‘ad Crediton swooo00 ‘accom ion of 125000 4.e74,000 ‘Acton eetalia~ December 31 TEE000 ‘Accons ecb (gueezeh s7nge0 ‘Allowance for db cuss 09,990 260090) a0 c00) Netedibie valve ‘Soxoc0 Alera Tanase soon Dowbel acount epese 650.000 Recovery o accounts writen of ooo Ta ‘oro,e00 conn wen of 000 ‘low ance December 31 0,009Problem 6:31 Answer D Altoraace— Jaa 1 Useaect arcoees expect ogee) Recovery of acente wees 28 Tas Accents writen ff ‘Atomics Decanter 31 (2.700 000 -250.000) Problem 632 Answer A ‘Allowaace — Deceabat 31,2011 Assonma stim of (asses) ‘Mowancs ~ Decanter 31,2012 Problem 638 Answer B 0-69 aysq1.2t0 000% 1) 61120 dye G00 0004 24) (Over 120 dye (L 000003 6%) Allowasce~Decembes 21,2001 clic coos expense ope bone) Recovery Tad emeaesa ‘Alowance = December 31,2012 Problem 626 Answer D ‘Allowance frsaes acount (3.00000 28 5084) Problem 635 Answer A Problem 626 Anrver B Doub! acount xpese (548 5001000 10000) Problem 637 Answer A owt wooants pense 20 7000000) 20000 iouao ‘00 reco (@s0.000) 1.000 30,000, 1001 Problom 6:38 ansver D Dont acon expose (4x 090000) e000 Recowmy of acne einen of 0.090 ‘Arent writin of once Allowsnss Decombse 31 soot Atowance— danny 1 Dail acon expense (neneh Toul ienawanna Preble 6-40 Asser € Allowance 112012 20.0 Donal acouni expense (etch sn000 Taal ron c00 ites @an.coay Allowaece 12902012 an Problam 6.41 Aasvee A ya Compass 00.000 ibe accom esate (S47 8200.00) ‘0.000 Total mpd rent ios soo Problem $43 Ansrer B (Only the tt de expense deseses working capital The vic does aor af sync te woes ‘opi Pecase eet lseing sam 6:44 Anseor A Allononce 12912011 (860,000 4.728600) 300 ecver of seuss wt: of 000 Din acouneapese (ened 100 Tea Fiac00 Accoats wot of cago ‘llomance~ (231 2012 (6.250000 5.100.000) 00Prabhas 645 Aawrer A Allonance for bud debts— (2512011 Tors : Allowance forbade — 1212012 ‘Accounts in in 201 Problem 646 ‘Question | Answer A Acconac evs — 12312001 (Ceedtnde (5900.00 2.100.000 (Ca res ie cet esters Sales aoe (024.0096 ‘Accor ese 12 312 ‘scc00=3 024.0005 Question newer Cette Sac deat Sales rears an aloances Neco sles Allonenseforbud debts — 12512011 ancy eerie of Desa espe for 2012 = 3404 00; Teta conte wien of Problen 647 Anover D 0 ~ 60a nooacons st) 61= 189 ae. s00.000= 12%) 181360 ye 00.0002 286) Over 30 days 50.900 S0.0001 80%) 5 0.200 ‘50.900 sa 10000 500000 024.000) (16000) (soon ( 20.00, 00000 sg00000 © 126000) on. x00 489 Eo Co.00 am.00 409.000,pease (aqua) Wie cl 990 $0000) Rogue allowence 12/9/2012 Des oconmt xpese Rectded want 34 2000,00) Vented son000 enon 20000