Please see the attachment document. I ask that you show work and if at all possible use the provided document for supplying the answers.

Please see the attachment document. I ask that you show work and if at all possible use the provided document for supplying the answers.

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Problem 5-24
Determining account balances: percent of revenue allowance method of
accounting for uncollectible accounts
The following information pertains to Leslie’s Floor Store sales on account and accounts
receivable.
Accounts receivable balance, January 1,2012
$52,500
Allowance for doubtful accounts, January 1,2012
4,725
Sales on account, 2012
925,000
Cost of goods sold, 2012
615,000
Collections of accounts receivable, 2012
835,000
After several collection attempts, Leslie’s wrote off $3,100 of accounts that could not be
collected.
Leslie’s estimates that bad debts expense will be 0.5 percent of sales on
account.
Required
a.
Compute the following amounts.
(1) Using the allowance method, the amount of uncollectible accounts
expense for 2012.
(2) Net realizable value of receivables at the end of 2012.
b.
Explain why the uncollectible accounts expense amount is different from the
amount that was written off as uncollectible.

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Problem 6-25
Calculating depreciation expense using four different methods
O’Brian Service Company purchased a copier on January 1, 2012, for $17,000 and
paid an additional $200 for delivery charges.
The copier was estimated to have a life
of four years or 800,000 copies.
Salvage was estimated at $1,200.
The copier
produced 230,000 in 2012 and 250,000 copies in 2013.
Required
Compute the amount of depreciation expense for the copier for calendar year 2012
and 2013 using the methods.
a.
Straight-line
b.
Units-of-production
c.
Double-declining-balance.

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