ACC 101 Lecture 11: Ch 7 and 8_
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Ch 7 and 8 homework: prepare a bank reconciliation from the following information: Balance per bank statement as of june 30, Balance per books as of june 30, ,479. 48. Calculate the amount of cash and cash equivalents that will be shown on the company"s year-end balance sheet. A: (5,600 + 10,000 + 64,000 + 180,000: accounts receivable aging method. Security service company"s accounts receivable account shows a debit balance of ,000 at the end of the year. An aging analysis of the individual accounts indicates estimated uncollectible accounts to be ,700. Prepare the journal entry to record the uncollectible accounts expense under each of the following independent assumptions: Allowance for uncollectible accounts has a credit balance of before adjustment. Allowance for uncollectible accounts has a debit balance of before adjustment. At the beginning of 2014, the balances for accounts receivable and allowance for uncollectible. In addition, ,500 in uncollectible accounts was written off.