UPM:1 dep per unit = (cost-sal val)/ total un of production
2. dep ex=deprec per unit x number of units produces in the period.

UPM:1 dep per unit = (cost-sal val)/ total un of production
2. dep ex=deprec per unit x number of units produces in the period.

SL: dep exp = (cost- salve val)/useful life
Dep= 9000

SL: dep exp = (cost- salve val)/useful life
Dep= 9000

5/30 Co. A can’t pay the note or interest
5/30 Co. A can’t pay the note or interest
Principal of the note x annual interest rate x time expressed in x/360 = interest
Principal of the note x annual interest rate x time expressed in x/360 = interest
Estimated bad debt expense= current period credit sales x bad debt %
Estimated bad debt expense= current period credit sales x bad debt %
8/4 co. A determines it cannot collect $350 from co B.
8/4 co. A determines it cannot collect $350 from co B.
6/16/13 Co. A has a cc sale of $500. The cc co charges a proc fee of 2%. Co A remits the cc sale to the cc co. and waits for the payment that is received 6/28
6/16/13 Co. A has a cc sale of $500. The cc co charges a proc fee of 2%. Co A remits the cc sale to the cc co. and waits for the payment that is received 6/28
On July 16, Co. A has a bank cc sale of $500 to a customer. The bank charges a proc fee of 2%. Cash is immediate.

On July 16, Co. A has a bank cc sale of $500 to a customer. The bank charges a proc fee of 2%. Cash is immediate.

On July 31, Co. A collects $500 from Co. B and $800 from Co. C on acct.

On July 31, Co. A collects $500 from Co. B and $800 from Co. C on acct.

On July 16, Co. A sells $950 of merch on credit to Co. B and $1000 sales of merch on acct to Co. C.

On July 16, Co. A sells $950 of merch on credit to Co. B and $1000 sales of merch on acct to Co. C.