Complete problems EX 9-14 and EX 9-19 on page 469 using the attached templates.
Book:
https://www.academia.edu/39308660/Cengage_Learning…
Exercise 9-19
Name:
Section:
Score:
Key Code:
0%
[Key code here]
Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry.
Due Date
a.
b.
c.
d.
e.
Principal
x
Rate
x
Portion
of Year
=
Interest
Exercise 9-14
Name:
Section:
Score:
0%
Key Code:
[Key code here]
Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry.
If no journal entry is required, select “No entry” and enter zeros in the amount columns.
JOURNAL
Date
a.
June
Account
Debit
Credit
Debit
Credit
8
Aug. 14
Oct. 16
16
Dec. 31
31
JOURNAL
Date
b.
June
Account
8
Aug. 14
Oct. 16
16
Dec. 31
31
Aging Class
(Number of Days Past Due)
Allowance Method
Receivables Balance
on December 31
0 – 30 days
31 – 60 days
61 – 90 days
91 – 120 days
More than 120 days
Total
Unadjusted credit balance of allowance account
Adjustment
c.
Bad debt expense under:
Allowance method
Direct write-off method
Difference
$ 320,000
110,000
24,000
18,000
43,000
$ 515,000
Estimated Doubtful Accoun
Percent
Amount
1%
3%
10%
33%
75%
timated Doubtful Accounts
Amount
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Title Page
Citation
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