receivable

  1. L

    Journalize notes receivable, dishonored notes, accrued interest?

    Journalize all transactions Round to nearest dollar. 2011 Dec 6- Received a $5,000, 60 day, 9% note on account from Hey There Music 31- Made an adjusting entry to accrue interest on the Hey There Music note 31-Made a closing entry for interest revenue 2012 Feb 4 Collected the...
  2. C

    Finding Cash Eqivilance GRADE 12 ACCOUNTING /w Interest & Accounts Receivable!?

    WAF Company's general ledger included the following accounts at November 30, 2008: Accounts payable$ 131,200 Interest receivable$ 995 Accounts receivable $103,000 Inventory $112,800 Allowance for doubtful accounts $2,850 Note receivable- due April 23, 2009$23,000 Bad...
  3. M

    calculate interest receivable?

    in Dec 15, a $10,000 note issued due in 8 yrs with the annual interest rate of 10% ? wat would be interest receivable in Dec31 ?
  4. U

    12/31/06 Accounts receivable $1,050,000 Allowance (90,000) Cash realizable value

    $960,000 During 2007 sales o? Accounts receivable $1,050,000 Allowance (90,000) Cash realizable value $960,000 During 2007 sales on account were $290,000 and collections on account were $172,000. Also during 2007 the company wrote off $16,000 in uncollectible accounts. An analysis of...
  5. T

    What are net credit sales in relation to Accounts Receivable Turnover Ratio?

    In the accounts receivable turnover ratio. It is: Net Credit Sales Revenue / Average Receivables Balance What is Net Credit Sales? Is it the same as sales? How do you calculate it? Also how do you calculate Average Receivables Balance.
    • titankai2000
    • Thread
    • accounts credit net ratio receivable relation sales turnover
    • Replies: 0
    • Forum: MarketPlace
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