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a not for profit hospital has contractual adjustments takes charity cases grants discounts to employees and to clergy
discuss the classification options for accounts receivable under
which organizations establish gaap for not for profit health care organizations do these organizations establish gaap
manny saxe college is a small not for profit college known for its excellence in teaching accounting the college uses
under ifrs what criteria must be satisfied in order to recognize receivables at fair
on december 31 harrison company reports the following assetscash on handnbspbank draftschecking accountnbspcertificates
lindley enterprises sells hand woven rugs paige corporation is a regular customer of lindley enterprises on june 30
long corporation is a fabric manufacturing company on january 20 long corporation made sales to lyndsays lace in the
longmire amp sons made sales on credit to alderman sports totaling 500000 on april 18 longmire amp sons estimates 3 of
at the end of the first quarter of year 2 mckinney amp co reevaluates its receivables mckinney amp cos management
mckinney amp co estimates its uncollectible accounts as a percentage of credit sales mckinney amp co made credit sales
on december 1 of the current year jordan inc assigns 125000 of its accounts receivable to mclaughlin company for cash
refer to re7-6 on april 23 year 2 mckinney amp co receives a check from mangold corporation for 8500prepare the journal
questionprimary task response within the discussion board area write 300-500 words that respond to the following
on december 1 newton enterprises sells 100000 of accounts receivable to a factor receives 85 of the value of the
kaseys cake shop made 20000 in sales of wedding cakes in july all of these sales were on bank credit cardsthe credit
on june 1 phillips corporation discounts a 15000 note from a customer at its bank the note has a maturity value of
at the end of april meyer company had a 7890 balance in its cash account while its bank statement for april showed an
on december 8 2010 lynch incorporated sold 9000 of merchandise with terms 210 neom on december 18 2010 collections were
at january 1 2010 the credit balance in the allowance for doubtful accounts of the master company was 400000 for 2010
on december 11 2010 the hooper bank loans a customer 12000 on a 60 day 12 noterequiredprepare the journal entries
in 2011 three years after it began operations the pearce corporation decided to change from the direct write off method
the june 30 2009 balance sheet of the upham company included the following informationthe company is contingently
the 2011 audit of the accounting records of the lane company discloses the following informationnbsprequired1
from inception of operations to december 31 2009 harris corporation provided for uncollectible accounts receivable