5/26/23, 5:08 PMNWP Assessment Player UI Application
AC116 Unit 2 Lab Assignment
Question 2 of 10
-/3
View Policies
Current Attempt in Progress
Record the following transactions on the books of Oriole Co. (Credit account titles are automatically indented when amount is entered. Do
not indent manually.)
a.
On July 1, Oriole Co. sold merchandise on account to Waegelein Inc. for $15,600, terms 4/10, n/30.
b.
On July 8, Waegelein Inc. returned merchandise with a sales price of $5,300 to Oriole Co.
c.
On July 11, Waegelein Inc. paid the balance due.
Account Titles and Explanation
Debit
Credit
a.
b.
c.
eTextbook and Media
List of Accounts
Save for Later
Attempts: 0 of 5 used
Submit Answer
https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchId=3d4a8334-c2e1-4f17-b93f-b41903c12449#/question/1
1/1
5/26/23, 5:25 PM
NWP Assessment Player UI Application
AC116 Unit 2 Lab Assignment
Question 6 of 10
-/3
View Policies
Current Attempt in Progress
The ledger of Marigold Company at the end of the current year shows Accounts Receivable $130,000, Credit Sales $849,000, and
Sales Returns and Allowances $27,000.
Journalize the following independent situations.
(a)
If Marigold uses the direct write-off method to account for uncollectible accounts, journalize the entry at December 15, if
Marigold determines that L. Dole’s $1,700 balance is uncollectible. (Credit account titles are automatically indented when amount is
entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Dec. 15
eTextbook and Media
List of Accounts
Attempts: 0 of 5 used
Save for Later
Submit Answer
(b)
If Allowance for Doubtful Accounts has a credit balance of $2,300 in the trial balance, journalize the adjusting entry at December
31, assuming uncollectibles are expected to be 10% of accounts receivable. (Credit account titles are automatically indented when
amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Dec. 31
eTextbook and Media
List of Accounts
Attempts: 0 of 5 used
Save for Later
Submit Answer
(c)
If Allowance for Doubtful Accounts has a debit balance of $230 in the trial balance, journalize the adjusting entry at December 31,
assuming uncollectibles are expected to be 7% of accounts receivable. (Credit account titles are automatically indented when amount
is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Dec. 31
eTextbook and Media
List of Accounts
Save for Later
Attempts: 0 of 5 used
Submit Answer
https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchId=3d4a8334-c2e1-4f17-b93f-b41903c12449#/question/5
1/2
5/26/23, 5:25 PM
NWP Assessment Player UI Application
AC116 Unit 2 Lab Assignment
Question 6 of 10
-/3
https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchId=3d4a8334-c2e1-4f17-b93f-b41903c12449#/question/5
2/2
5/26/23, 5:37 PM
NWP Assessment Player UI Application
AC116 Unit 2 Lab Assignment
Question 7 of 10
-/4
View Policies
Current Attempt in Progress
Swifty Supply Co. has the following transactions related to notes receivable during the last 2 months of 2022. The company does not
make entries to accrue interest except at December 31.
Nov. 1
Loaned $30,000 cash to Manny Lopez on a 12 month, 10% note.
Dec. 11
Sold goods to Ralph Kremer, Inc., receiving a $85,500, 90-day, 8% note.
16
Received a $87,840, 180 day, 10% note to settle an open account from Joe Fernetti.
31
Accrued interest revenue on all notes receivable.
(a)
Journalize the transactions for Swifty Supply Co. (Ignore entries for cost of goods sold.) (Credit account titles are automatically
indented when amount is entered. Do not indent manually. Use 360 days for calculation. Round answers to 0 decimal places, e.g. 5,275.
Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
eTextbook and Media
List of Accounts
Save for Later
Attempts: 0 of 5 used
Submit Answer
(b)
https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchId=3d4a8334-c2e1-4f17-b93f-b41903c12449#/question/6
1/1
5/19/23, 5:18 PM
NWP Assessment Player UI Application
AC116 Unit 1 Lab Assignment
Question 8 of 10
-/5
View Policies
Current Attempt in Progress
Bonita Wyatt is unable to reconcile the bank balance at January 31. Bonita’s reconciliation is as follows.
Cash balance per bank
$3,800.20
Add: NSF check
570.00
Less: Bank service charge
30.00
Adjusted balance per bank
$4,340.20
Cash balance per books
$4,115.20
Less: Deposits in transit
650.00
Add: Outstanding checks
935.00
Adjusted balance per books
$4,400.20
(a)
What is the proper adjusted cash balance per bank? (Round answer to 2 decimal places, e.g. 52.75.)
Adjusted cash balance per bank
$
eTextbook and Media
List of Accounts
Attempts: 0 of 5 used
Save for Later
Submit Answer
(b)
What is the proper adjusted cash balance per books? (Round answer to 2 decimal places, e.g. 52.75.)
Adjusted cash balance per books
$
eTextbook and Media
List of Accounts
Attempts: 0 of 5 used
Save for Later
Submit Answer
(c)
Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books. (List all debit entries before credit
entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal
places, e.g. 52.75.)
No.
Account Titles and Explanation
Debit
Credit
1.
(To record NSF check.)
2.
https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchId=674f97c3-52b5-49e4-9d60-796ff5dc12a4#/question/7
1/2
5/19/23, 5:18 PM
NWP Assessment Player UI Application
AC116 Unit 1 Lab Assignment
(To record bank service charge.)
eTextbook
and Media
Question
8 of 10
-/5
List of Accounts
Save for Later
Attempts: 0 of 5 used
Submit Answer
https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchId=674f97c3-52b5-49e4-9d60-796ff5dc12a4#/question/7
2/2
5/19/23, 5:23 PM
NWP Assessment Player UI Application
AC116 Unit 1 Lab Assignment
Question 9 of 10
-/5
View Policies
Current Attempt in Progress
Bonita Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August.
Aug. 1
Established the petty cash fund by writing a check payable to the petty cash custodian for $215.
15
Replenished the petty cash fund by writing a check for $211.20. On this date, the fund consisted of $3.80 in cash and
these petty cash receipts: freight-out $94, entertainment expense $45.90, postage expense $41.40, and miscellaneous
expense $28.00.
16
Increased the amount of the petty cash fund to $320 by writing a check for $105.00.
31
Replenished the petty cash fund by writing a check for $304.30. On this date, the fund consisted of $15.70 in cash and
these petty cash receipts: postage expense $142.00, entertainment expense $93.80, and freight-out $67.30.
(a)
Journalize the petty cash transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when
amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.)
Date
Account Titles and Explanation
Debit
Credit
Drop down options:
– Aug 1
– Aug 15
– Aug 16
– Aug 31
eTextbook and Media
List of Accounts
Assistance Used
Accounts Payable
Accounts Receivable
Accumulated Depreciation-Equipment
Bank Charge Expense
Cash
https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchId=674f97c3-52b5-49e4-9d60-796ff5dc12a4#/question/8
1/2
5/19/23, 5:23 PM
NWP Assessment Player UI Application
AC116 Unit 1 Lab Assignment
Cash Over and Short
Charitable Contribution Expense
Question 9 of 10
-/5
Cost of Goods Sold
Delivery Expense
Depreciation Expense
Entertainment Expense
Equipment
Freight-In
Freight-Out
Insurance Expense
Interest Receivable
Interest Revenue
Inventory
Miscellaneous Expense
Notes Receivable
Owner’s Capital
Petty Cash
Postage Expense
Prepaid Insurance
Salaries and Wages Expense
Sales Discounts
Sales Revenue
Supplies
Supplies Expense
Travel Expense
Save for Later
Attempts: 0 of 5 used
Submit Answer
Attempts: 0 of 5 used
Submit Answer
(b)
Post to the Petty Cash account.
Petty Cash
Drop down options
8/1
8/16
8/31 Bal
eTextbook and Media
List of Accounts
Save for Later
https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchId=674f97c3-52b5-49e4-9d60-796ff5dc12a4#/question/8
2/2
Order an Essay Now & Get These Features For Free:
Turnitin Report
Formatting
Title Page
Citation
Outline
