Jenkins, inc., which sells household appliances, begins its fiscal year on June 1. A partial balance sheet for jenkins is given next.
Jenkins, Inc.
WRITE THIS ESSAY FOR ME
Tell us about your assignment and we will find the best writer for your paper.
Get Help Now!Partial Balance Sheet
May 31, 2009
Account Receivable $35,000
Allowance for Uncollectible Account (3,500)
Net Realizable Value $31,500
The following transactions took place during June 2009.
June 1 Cash sales for the day totaled $5,100
June 4 Sold $2,000 of merchandise to another appliance retailer,
JLK Company, with terms of 2/10, n/30.
June 6 sold $300 of merchandise to Jae Lee, terms n/20.
June 8 wrote off an uncollectible account receivable from W5 Corp. Of $450.
June 12 JLK Company returned $500 of the merchandise purchased on June 4
Because the merchandise was defective.
June 14 JLK Company paid Jenkins the amount due for the June 4 transaction.
June 20 sold $950 of merchandise to Larissa Rodriguez with terms of n/20.
June 26 Received payment from Jae Lee for merchandise sold to him on June 6.
June 29 Received a check for $450 from W5 Corp. Whose account balance had been
Written off on June 8.
need help to put this information into a balance sheet
Introducing our Online Essay Writing Services Agency, where you can confidently place orders for a wide range of academic assignments. Our reputable homework writing company specializes in crafting essays, term papers, research papers, capstone projects, movie reviews, presentations, annotated bibliographies, reaction papers, research proposals, discussions, and various other assignments. Rest assured, our content is guaranteed to be 100% original, as every piece is meticulously written from scratch. Say goodbye to concerns about plagiarism and trust us to deliver authentic and high-quality work.
WRITE MY ESSAY NOW
