Bsbwor501 Final Exam

壹 1. Payments to acquire investment in debt securities 2. Dividends received on investments made in the stock of other corporations 3. Payments for the acquisition of inventory 4. Proceeds from issuance of stock 5. Payments for interest on loans 6. Interest received on loans made to outside entities 7. Repayment of the principal on loans 8. Payment to acquire productive assets 9. Proceeds from the sale of productive assets 10. Cash receipts from the sale of services 11. Payments of dividends to stockholders 12. Payments to suppliers and for other expenses
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On the basis of the following data for Cole Co. for the current year and the preceding year ended Dec.31,20--,prepare a statement of cash
Debit bad debt expense, $4,000; credit allowance for uncollectible accounts $4,000 C. Debit allowance for uncollectible accounts,$9,000; credit bad debt expense, $6,500 D. Debit bad debt expense, $9,000;crdit allowance for uncollectible accounts, $9,000 28. suppose that balance of a company’s allowance for uncollectible accounts was $6,200(cr) at the end of 2012, prior to ant adjustments. The compant estimated that the total of uncollectible accounts in its accounts receivable was $44,300 at the end of 2012. Total accounts receivable were $150,000 in December 31 2012, and total credit sales for 2012 were $330,000. What amount of bad debt expense would appear in the company’s 2012 income statement, assuming the company uses the percentage-of-receivable method? 答案：$38,100. 29. At the end of 2012, Murray State Lenders had a balance in its allowance for uncollectible accounts of $4500(cr) before any adjustment. The company estimated its future uncollectible accounts to be $12000 using the percentage-of-receivables method. Murray State’s adjustment on December 31,2012, to record its estimated uncollectible accounts included a: A. credit to allowance for uncollectible accounts of $12,000 B. debit to bad debt expense of