- Last Attempt Please Help Accounting Homework 1 (24.98 KiB) Viewed 30 times
LAST ATTEMPT PLEASE HELP. ACCOUNTING HOMEWORK!
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LAST ATTEMPT PLEASE HELP. ACCOUNTING HOMEWORK!
LAST ATTEMPT PLEASE HELP. ACCOUNTING HOMEWORK!
Question 6 of 12 < View Policies Current Attempt in Progress During its first year of operations, Splish Brothers Inc. had credit sales of $3,104,000, of which $386,700 remained uncollected at year-end. The credit manager estimates that $16,900 of these receivables will become uncollectible. (b) Prepare the current assets section of the balance sheet for Splish Brothers Inc., assuming that in addition to the receivables it has cash of $85,600, merchandise inventory of $191,900, and supplies of $13,700. (List Current Assets in order of liquidity) SPLISH BROTHERS INC. Balance Sheet (partial) -/31
Question 6 of 12 < View Policies Current Attempt in Progress During its first year of operations, Splish Brothers Inc. had credit sales of $3,104,000, of which $386,700 remained uncollected at year-end. The credit manager estimates that $16,900 of these receivables will become uncollectible. (b) Prepare the current assets section of the balance sheet for Splish Brothers Inc., assuming that in addition to the receivables it has cash of $85,600, merchandise inventory of $191,900, and supplies of $13,700. (List Current Assets in order of liquidity) SPLISH BROTHERS INC. Balance Sheet (partial) -/31