Exam help please!

[jayjay]

i have an accounting exam on sunday and i get 3 hours to finish it, is anyone willing to give me solutions if i post the problems in this forum? please? i dont even want to be an accountant i just need to pass this class so i can finally get my degree, i took my first 2 accounting classes like 4 years ago and i am taking the 3rd one now and i have no idea what im doing it would be a great blessing if someone was willing to help me

 

[bklynboy]

That is unethical. Man up and take the test yourself and repeat the course if you fail.

 

[jayjay]

if i post some question that are similar to the ones on the test will you show me how to do them

 

[chinweike]

Jayjay, give the question a go, ask for help on whatever area you are having problem, I trust that someone will be kind enough to help. Better still, do a google search on any problem you have. Goodluck!!

 

[jayjay]

Jayjay, give the question a go, ask for help on whatever area you are having problem, I trust that someone will be kind enough to help. Better still, do a google search on any problem you have. Goodluck!!

are u confident with intermediate accounting?

 

[jayjay]

That is unethical. Man up and take the test yourself and repeat the course if you fail.

i dont have that kind of money

 

[jayjay]

At the end of 2012, Sorter Company has accounts receivable of $944,790 and an allowance for doubtful accounts of $48,910. On January 16, 2013, Sorter Company determined that its receivable from Ordonez Company of $6,430 will not be collected, and management authorized its write-off.

(a) Prepare the journal entry for Sorter Company to write off the Ordonez receivable.


(b) What is the net realizable value of Sorter Company’s accounts receivable before the write-off of the Ordonez receivable?


(c) What is the net realizable value of Sorter Company’s accounts receivable after the write-off of the Ordonez receivable?

 

[jayjay]

Sandel Company reports the following financial information before adjustments.

Dr.
Cr.
Accounts Receivable $141,900
Allowance for Doubtful Accounts $2,700
Sales Revenue (all on credit) 806,000
Sales Returns and Allowances 52,600

Prepare the journal entry to record bad debt expense assuming Sandel Company estimates bad debts at (a) 2% of net sales and (b) 5% of accounts receivable.

 

[bsiamc]

those were damn easy.Use basic arithmetic to sort it out and reasoning. Problem is accounting is too simple and due to that novice accountant are always sheepish