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Accounting Problems Chapter 5

1. The document presents several accounting problems involving financial statements, aging of accounts, bad debt expenses, and inventory calculations. 2. Specific calculations include determining amounts for accounts receivable, bad debts, allowance for doubtful accounts, cost of goods sold, and current ratios. 3. The problems cover topics such as aging schedules for accounts, calculating bad debt expenses, adjusting accounts, and computing financial metrics like number of days of sales outstanding.

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anu balakrishnan
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356 views7 pages

Accounting Problems Chapter 5

1. The document presents several accounting problems involving financial statements, aging of accounts, bad debt expenses, and inventory calculations. 2. Specific calculations include determining amounts for accounts receivable, bad debts, allowance for doubtful accounts, cost of goods sold, and current ratios. 3. The problems cover topics such as aging schedules for accounts, calculating bad debt expenses, adjusting accounts, and computing financial metrics like number of days of sales outstanding.

Uploaded by

anu balakrishnan
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
  • Problem 5-1
  • Problem 5-3
  • Problem 5-2
  • Problem 5-4
  • Problem 5-5
  • Problem 5-6
  • Ratios and Assets

Phobhm S-1

aSalsa Methad
Fob Man Ap Mo
Sam L1000 4000 13To
Salea &000 13000
2000 1So 58S0 875
ConS 7800
S200 84So 32 50
31 50 4 725

200 y5s0
4 200
nhoea Magn

b) Tnalallment MathAod

Feb Ma Aph Ma
Tan LO SOD S00
OSO0
11 SOO
SalsA 682S 6825 115
Cons S0. 6S0o 7415 3673 3325
61S
38 50 3S0O

PhLcbiom- S-2

milAod
a nplotA - tovbast

Gbme euuudung molel L2S0 0o0


25000 0
7SO O00
9uoe om mebl Prot
2000 000
nlome before. loMRA 12 SO 000
Phuowtaau lomphluen
T
lont yah
TAu yta
I2s0
000
pwuo buluding molul 2so 00bo
300 00
ene hõulpiaul
1S So D00
gme@me bafarelanea 1 70 0 0 0 0

Phobem S-3

To 9wLed usutt o

ud alhed
0DO
dh Bad debt txpenae 2000
n. Actoune Rouuwahlea

AWouwanu Muied
hotaunke 3000 300 0
Allowane fon boutyul
dn
Auounta keceabe

oecerd paslual pouymenl

ute o Method

450
Bad Aebto Racswnm
q5D

tDlaunnu Hlkod

Cash
qSO
AUguam hei doubtjul aucaunt
Phoblem S-4

a.) ayo huunla


Unollelibl
ntollelib
Qutatandung A mBun wivy

Loda tAan 16 HSOOD

6 to 30 S o , DbO b06 000


O 20 S00o

16 o 6o0 4soob 0. 35

61 to T7S [Link] . TSO0


SI 7S0

ts
e halaeow 7Sdaya Asa 01 phobabiluty o
elheluan so tdey would u witlen o mmidualoly

73s00 0
1-)AUounu hor dpuilful AlLounda S 7
Nw Ace Ruuoakbl 6&3 2s0

ADLouonnu han aublyul, autounta


usute ofh a ad auu0un, huk
22S0O
ahoe adgualmnt
hege teo Exenau 2 2 SO
Problem S-

hem LausaS
d outoy n lonauge 2400
2400
O. FUmahLo qoaclo n e n y

CcrAon's bøok
CarAon
tAe. goodo ae not Duneel bu
NO nby

6
heem Laun's Book
50H0
Aueunt Rteuwalle
336 0
CohS
soHd
U
U SaleA
woentey OnLovMAugwevl
3360

CaAon s Boaks.

dhlash Acc Recesahl 120


CoGS So4 D
t. Sales 6720
Alcounle foyable SoHO
Phoblem S-6

Fwed Pui
20xS
20 x
20X
6-95 X0000
Roigeu 0.2x A00 000 o.Sy410Dbo C
-R D000-147bo00
-1800o0
47b00O 22000 0
CoAtA 19DDoD 71S00o
72lb0 oo
2 31 0 0 o 28 0 DD 0 HD000

hoblem 5
Auaumt wasle 3 46S0
)A lous0Ne hor ad debba 1Sb

Neus hte uwab


328 0 0

(Beounung Usewly 6 200


(+) PurnhaA00
I617oo
tndung wtnloy 693o

23100

z
23100+32200+ 61200o
uvemt awselo
25200
Ace ayable 286D0
700
uthemt polion of honda
peuyyahl
25 000
wbheat pmyakle
2s00bo
+770d 4
386OD
usnemb laabilulin
71
7I3OD

nnent Ratio lushent Acoa


Cuhhent Liabilliss
1 2 S200 .76

= (23 |00+ 32s00)


Puwk 9taluo
300
O78

mdual4 Aat
h at nRw haa
hRW 7/
haA 1 /
thello
e wynb
aAAslA EAan Can
ulately Laud
a e taoh Cund
tas shahb hun, but thot daen
dont
OnASetd to M

adoauae
eCn the amound
)
CohS 16170o
DEken enpnal 6 2 DD
231 00 o

ystaah a 22IDO
[Link]
22100
36S

he nalis qua the wo . days nval spehalmg


A tasdA
wilheut addung ke
panADe tan be paud
dOmamy
balane Ae aboue natue mduales
plawnung aLla
aAh , euber t mught heAenkna LaLig
to
it L mat
wnuAual Ppondulnhe

ash a h u i l y

Day'shewuwable _Wet oLevwabe


Uudct Sale
36 S

3 2 P00
O>77)
x
(323 4DU
36

& dauya
peceuwahle
Callution pehuddo
onsthage
dAehau ura
hR W's
tusleneha ant çbalhng
that
wAult ugquato
he paynt pthuod

Phobhm S-1 aSalsa Methad Mo Ap Fob Man 4000 13To Sam L1000 Salea 2000 &000 13000 58S0 875 1So 84So 31 50 4
Phuowtaau lomphluen T TAu yta lont yah pwuo buluding molul I2s0 00 0 2so 00bo ene hõulpiaul 300 00 gme@me bafare
Phoblem S-4 a.) ayo huunla Qutatandung ntollelib wivy A mBun Unollelibl Loda tAan 16 HSOOD b06 000 6 to 30 So,
Problem S- hem LausaS 2400 d outoy n lonauge 2400 O. FUmahLo qoaclo neny CcrAon's bøok CarAon NO nby tAe. goodo ae
Phoblem S-6 Fwed Pui 20 x 20xS 20X 6-95 X0000 -R D000-147bo00 Roigeu o.Sy410Dbo C -1800o0 0.2x A00 000 22000 0 47
Ace ayable 286D0 uthemt polion of honda peuyyahl 700 25 000 wbheat pmyakle usnemb laabilulin 386OD +770d 4 2s00bo 71
) CohS 16170o DEken enpnal 6 2 D D 231 0 0 o ystaah a 22I DO 36.Sdaya 221 00 36S he nalis qua the wo . days nval

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