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Type: Posts; User: lnguyen

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  1. Answers
    0
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    2,956

    Bank Reconciliation help

    Hello,
    I am in the process of doing a bank reconciliation in Great Plains accounting software. However, the checkbook is very messy; checks that were dated in 2002 are still in the system. So there...
  2. Answers
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    2,176

    Provision lost- Expense (income statement)...

    Provision lost- Expense (income statement)
    Accumulated Depreciation is a Contra-Asset, so it belongs to Assets. (B/S)
    Allowance for Doubtful Accounts: Assets (B/S)
    (A/R less: allowance for...
  3. Answers
    2
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    2,176

    Provision lost is classified as Expense...

    Provision lost is classified as Expense
    Accumulated Depreciation is a Contra-Asset, so it belongs to Assets.
  4. Answers
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    1,721

    $18000

    key: Purchases of inventory are equal to the next month's cost of Goods Sold (Next month of July means August selling price,) so 30% x $240000 = $72000.

    Key: 25% are paid in the month of...
  5. Question: Re-occuring entry

    by lnguyen
    Answers
    0
    Views
    676

    Re-occuring entry

    Here is the question: Change re-occurring entry to $450. For Aug. as we overpaid them $3000 in July.

    I don't how to make a re-occuring or recurring entry. Would any genious in here please? What do...
  6. Balance Sheet Classified

    Balance Sheet breaks down three categories: asset= Liability+SE

    Asset

    Current Asset (classify the ones that easily convert into cash fast first)
    Cash 20000
    AR ...
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