Check Figures for College Accounting, 20Th Edition

Chapter 16

Check Figures for College Accounting, 20th Edition

By Heintz and Parry

SERIES A EXERCISES

E 16-1A (LO1)

P 1. Net realizable value: $42,000

E 16-2A (LO2)

P 1. Dr. Bad Dept Exp.: $5,400

E 16-3A (LO2)

P 2. Dr. Bad Debt Exp.: $4,525

E 16-4A (LO2)

P Sept. 27, Cr. Allow. for Bad Debts: $5,350

E 16-5A (LO2)

P 1(b). Dr. Bad Debt Exp.: $28,570

E 16-6A (LO3)

P July 20, Dr. Bad Debt Exp.: $2,325

E 16-7A (LO3)

P Sept. 2, Cr. Bad Debt Exp.: $1,745

P 16-8A (LO1/2)

P 3. $921,300

P 16-9A (LO2)

P 1(b). Dr. Bad Debt Exp.: $6,620

P 16-10 A (LO2)

P 2. Dr. Bad Debt Exp.: $2,790

P 16-11A (LO3)

P 20-2, Jan. 17, Cr. Uncoll. Accounts Recovered: $6,300

SERIES B EXERCISES

E 16-1B (LO1)

P 1. Net realizable value: $60,025

E 16-2B (LO2)

P 1. Dr. Bad Debt Exp.: $7,600

E 16-3B (LO2)

P 2. Dr. Bad Debt Exp.: $4,495

E 16-4B (LO2)

P Sept. 23, Cr. Allow. for Bad Debts: $6,040

E 16-5B (LO2)

P 1(b). Dr. Bad Debt Exp.: $22,640

E 16-6B (LO3)

P July 19, Dr. Bad Debt Exp.: $1,935

E 16-7B (LO3)

P Sept. 20, Cr. Bad Debt Exp.: $2,360

SERIES B PROBLEMS

P 16-8B (LO1/2)

P 3. $1,107,850

P 16-9B (LO2)

P 1(b). Dr. Bad Debt Exp.: $27,650

P 16-10B (LO2)

P 2. Dr. Bad Debt Exp.: $9,792

P 16-11B (LO3)

P 20-2, Jan. 11, Cr. Uncoll. Accounts Recovered: $5,800

MASTERY PROBLEM

P 5. Net realizable value: $59,000

CHALLENGE PROBLEM

P 2. Dr. Bad Debt Exp.: $25,000