{"id":200722,"date":"2018-09-13T22:21:10","date_gmt":"2018-09-13T22:21:10","guid":{"rendered":"http:\/\/localhost\/wordpress\/index.php\/2018\/09\/13\/acct-216-week-3-homework\/"},"modified":"2018-10-24T09:07:13","modified_gmt":"2018-10-24T09:07:13","slug":"acct-216-week-3-homework","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/acct-216-week-3-homework\/","title":{"rendered":"ACCT 216 Week 3 Homework"},"content":{"rendered":"<p>ACCT216\tWeek\u00a03\u00a0Homework\t1.Classify\u00a0the\u00a0following\u00a0items\u00a0as\u00a0(a)\u00a0an\u00a0addition\u00a0to\u00a0the\u00a0bank\u00a0balance,\u00a0(b)\u00a0a\u00a0subtraction\u00a0from\u00a0the\u00a0bank\u00a0balance,\u00a0(c)\u00a0an\u00a0addition\u00a0to\u00a0the\u00a0book\u00a0balance,\u00a0or\u00a0(d)\u00a0a\u00a0subtraction\u00a0from\u00a0the\u00a0book\u00a0balance:\t2.During\u00a02013,\u00a0Jimmy\u00a0Enterprises\u00a0completed\u00a0the\u00a0following\u00a0transactions:\ta.Sales\u00a0revenue\u00a0on\u00a0account,\u00a0$550,000.\tb.Collections\u00a0on\u00a0account,\u00a0$325,000\tc.Write-offs\u00a0of\u00a0uncollectibles,\u00a0$13,000\td.Uncollectible\u00a0account\u00a0expense,\u00a05%\u00a0of\u00a0sales\u00a0revenue\tRequired:\t1.Prepare\u00a0the\u00a0journal\u00a0entries\u00a0for\u00a0the\u00a0above\u00a0transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ACCT216 Week\u00a03\u00a0Homework 1.Classify\u00a0the\u00a0following\u00a0items\u00a0as\u00a0(a)\u00a0an\u00a0addition\u00a0to\u00a0the\u00a0bank\u00a0balance,\u00a0(b)\u00a0a\u00a0subtraction\u00a0from\u00a0the\u00a0bank\u00a0balance,\u00a0(c)\u00a0an\u00a0addition\u00a0to\u00a0the\u00a0book\u00a0balance,\u00a0or\u00a0(d)\u00a0a\u00a0subtraction\u00a0from\u00a0the\u00a0book\u00a0balance: 2.During\u00a02013,\u00a0Jimmy\u00a0Enterprises\u00a0completed\u00a0the\u00a0following\u00a0transactions: a.Sales\u00a0revenue\u00a0on\u00a0account,\u00a0$550,000. b.Collections\u00a0on\u00a0account,\u00a0$325,000 c.Write-offs\u00a0of\u00a0uncollectibles,\u00a0$13,000 d.Uncollectible\u00a0account\u00a0expense,\u00a05%\u00a0of\u00a0sales\u00a0revenue Required: 1.Prepare\u00a0the\u00a0journal\u00a0entries\u00a0for\u00a0the\u00a0above\u00a0transactions.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-200722","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/200722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=200722"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/200722\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=200722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=200722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=200722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}