Need Exercise A &B and C
Attached text book
Exercise A: Page 429 (Bottom of the page). Do parts A & B.
. Exercise A The accounts of Stackhouse Company as of 2010 December 31, show Accounts Receivable, USD 190,000; Allowance for Uncollectible Accounts, USD 950 (credit balance); Sales, USD 920,000; and Sales Returns and Allowances, USD 12,000. Prepare journal entries to adjust for possible uncollectible accounts under each of the following assumptions:
. a. Uncollectible accounts are estimated at 1 per cent of net sales.
. b. The allowance is to be increased to 3 per cent of accounts receivable.
Annual Report Analysis C: Page 435 (towards the bottom of the page). I’ve also copied and pasted it here for you so that it’s easier to find. Where it asks for written statement, the expectation is no more than three sentences. Here it is for you:
Annual report analysis C Visit the Internet site: https://investors.coca-colacompany.com/financial-information/financial-results (Links to an external site.)
OR: http://www.cocacola.com, (Links to an external site.) click on menu (top left hand corner), investors, financial info, financial results, FY2020 Fiscal year ended Annual Report
Locate the most recent (use 2020) annual reports of The Coca-Cola Company. Calculate accounts receivable turnover and the number of days’ sales in accounts receivable and prepare a written comment on the results. https://resources.saylor.org/wwwresources/archived/site/wp-content/uploads/2012/10/Accounting-Principles-Vol.-1.pdf
. Locate the most recent annual reports of The Coca-Cola Company. Calculate accounts receivable turnover and the number of days’ sales in accounts receivable and prepare a written comment on the results.