100% found this document useful (1 vote)

14 views59 pages

Financial Accounting Fundamentals 6th Edition Wild Solutions Manual download

The document provides information on various editions of the 'Financial Accounting Fundamentals' and related solutions manuals available for download. It includes insights into accounting for receivables, methods for handling bad debts, and comparisons between U.S. GAAP and IFRS regarding receivables. Additionally, it features exercises and quick studies related to accounting practices for receivables and credit card transactions.

Uploaded by

gerliemofaq

We take content rights seriously. If you suspect this is your content, claim it here.

Available Formats

Download as PDF, TXT or read online on Scribd

100% found this document useful (1 vote)

14 views59 pages

Financial Accounting Fundamentals 6th Edition Wild Solutions Manual download

Uploaded by

gerliemofaq

We take content rights seriously. If you suspect this is your content, claim it here.

Available Formats

Download as PDF, TXT or read online on Scribd

You are on page 1/ 59

Financial Accounting Fundamentals 6th Edition

Wild Solutions Manual install download

https://testbankfan.com/product/financial-accounting-
fundamentals-6th-edition-wild-solutions-manual/

Download more testbank from https://testbankfan.com

We believe these products will be a great fit for you. Click
the link to download now, or visit testbankfan.com
to discover even more!

Financial Accounting Fundamentals 6th Edition Wild Test

Bank

https://testbankfan.com/product/financial-accounting-
fundamentals-6th-edition-wild-test-bank/

Financial Accounting Fundamentals 4th Edition Wild

Solutions Manual

https://testbankfan.com/product/financial-accounting-
fundamentals-4th-edition-wild-solutions-manual/

Financial Accounting Fundamentals 5th Edition Wild

Solutions Manual

https://testbankfan.com/product/financial-accounting-
fundamentals-5th-edition-wild-solutions-manual/

Financial and Managerial Accounting 6th Edition Wild

Solutions Manual

https://testbankfan.com/product/financial-and-managerial-
accounting-6th-edition-wild-solutions-manual/
Financial Accounting Fundamentals 4th Edition Wild Test
Bank

https://testbankfan.com/product/financial-accounting-
fundamentals-4th-edition-wild-test-bank/

Financial Accounting Fundamentals 5th Edition Wild Test

Bank

https://testbankfan.com/product/financial-accounting-
fundamentals-5th-edition-wild-test-bank/

Financial Accounting Information for Decisions 6th

Edition Wild Solutions Manual

https://testbankfan.com/product/financial-accounting-information-
for-decisions-6th-edition-wild-solutions-manual/

Financial and Managerial Accounting 6th Edition Wild

Test Bank

https://testbankfan.com/product/financial-and-managerial-
accounting-6th-edition-wild-test-bank/

Managerial Accounting 6th Edition Wild Solutions Manual

https://testbankfan.com/product/managerial-accounting-6th-
edition-wild-solutions-manual/
Chapter 7
Accounting for Receivables

QUESTIONS
1. When customers use credit cards, the selling companies can avoid having to directly
evaluate the credit standing of their customers. They also avoid the risk of bad debts and
often are paid cash from the credit card company more quickly than if customers were
granted credit directly. Moreover, they hope to increase sales, and net income, from the
added convenience to buyers.
2. Revenues and expenses usually are not matched under the direct write-off method because
the revenues recorded from the uncollectible accounts often appear on the income statement
of one period while the bad debts expenses of those revenues appear on the income
statement of a later period when the account(s) is known to be uncollectible.
3. The accounting constraint of materiality suggests that the requirements of accounting
standards can be ignored if their effect on the financial statements is unimportant to their
users’ business decisions.
4. Creditors prefer notes receivable to accounts receivable because the notes can be more
easily converted into cash before they are due by discounting (or selling) them to a financial
institution. Also, a note represents a clear written acknowledgment by the debtor of both the
debt and its amount and terms.
5. Writing off a bad debt against the Allowance account does not reduce the estimated
realizable value of a company’s accounts receivable because the write-off reduces the
balances of both Accounts Receivable and the Allowance for Doubtful Accounts by equal
amounts. This means the difference between them (called estimated realizable value)
remains the same.
6. The adjusted balances of Bad Debts Expense and Allowance for Doubtful Accounts are
virtually never equal because the expense amount reflects only the events of the current
period (because it is a temporary account that is closed at the end of each period), and the
allowance is the accumulated result of events over a number of prior periods. The only way
that they could be equal would be if write-offs during the prior period exactly equaled the
beginning balance of the Allowance account.
7. Apple lists its accounts receivable as “Accounts receivable, less allowances of $82 and $86,
respectively” ($ millions) on its balance sheet. This means that Apple’s allowance is $82
million as of September 26, 2015, and $86 million as of September 27, 2014.
8. Google uses the allowance method to account for doubtful accounts as evidenced by the
receivables being reduced by an allowance of $296 million on the December 31, 2015,
balance sheet. The realizable value of accounts receivable as of December 31, 2015, is the
net amount of $ 11,556 million.

QUICK STUDIES
Quick Study 7-1 (15 minutes)
1. Cash ............................................................................... 19,000
Credit Card Expense* ................................................... 1,000
Sales......................................................................... 20,000
Record credit card sales less fees. *$20,000 x 5%

Cost of Goods Sold ...................................................... 15,000

Merchandise Inventory ........................................... 15,000
Record cost of sales.

2. Cash ............................................................................... 4,800

Credit Card Expense* ................................................... 200
Sales......................................................................... 5,000
Record credit card sales less fees. *$5,000 x 4%

Cost of Goods Sold ...................................................... 3,000

Merchandise Inventory ........................................... 3,000
Record cost of sales.

Oct. 1 Bad Debts Expense .....................................................50,000

Accounts Receivable—P. Moore ......................... 50,000
Write off an account.

Quick Study 7-3 (10 minutes)

Oct. 30 Accounts Receivable—P.Moore ................................50,000

Bad Debts Expense ............................................... 50,000
Reinstate an account previously written off.

Oct. 30 Cash ..............................................................................50,000

Accounts Receivable— P. Moore ........................ 50,000
Record cash received on account.

Quick Study 7-4 (15 minutes)

1. DW direct write-off method

2. A allowance method
3. A allowance method
4. DW direct write-off method
5. DW direct write-off method
6. A allowance method

9 Cash ........................................................................... 300

Accounts Receivable—C. Green ....................... 300
Record payment on a receivable.

Quick Study 7-6 (15 minutes)

1.
Dec. 31 Bad Debts Expense ................................................ 885
Allowance for Doubtful Accounts................... 885
Record estimate of uncollectibles.
Desired balance in allowance = $99,000 x 1.5%= $1,485 cr.
Adjustment required = $1,485 - $600 cr. = $885

2. Desired balance in allowance = $1,485 (part 1)

Adjustment required = $1,485 cr. + $300 dr. = $1,785

Quick Study 7-7 (15 minutes)

Dec. 31 Bad Debts Expense ................................................ 1,400

Allowance for Doubtful Accounts................... 1,400
Record estimate of uncollectibles
($280,000 x 0.5%).

1. Maturity date is October 31, which is computed as follows:

Days in August ................................................................ 31
Minus the date of the note .............................................. 2
Days remaining in August .............................................. 29
Add days in September .................................................. 30
Add days in October to equal 90 days (October 31) .... 31
Period of the note in days .............................................. 90

2.
Aug. 2 Notes Receivable—R. Albany .......................... 6,000
Accounts Receivable—R. Albany.............. 6,000
Record receipt of note on account.

Quick Study 7-9 (10 minutes)

Oct. 31 Cash .................................................................... 6,180

Notes Receivable—R. Albany .................... 6,000
Interest Revenue ......................................... 180
Record cash received on note plus
interest ($6,000 x 12% x 90/360).

Quick Study 7-10 (15 minutes)

Dec. 31 Interest Receivable............................................ 50

Interest Revenue ......................................... 50
Record the year-end adjustment for
interest earned ($10,000 x 6% x 30/360).

Maturity date
Jan. 15 Cash .................................................................... 10,075
Interest Receivable ..................................... 50
Interest Revenue ......................................... 25
Notes Receivable ........................................ 10,000
Record cash received on note plus interest.

May 1 Cash .......................................................................121,875

Factoring Fee Expense* ....................................... 3,125
Accounts Receivable ...................................... 125,000
Record sale of receivable.
*($125,000 x 0.025)

Quick Study 7-12 (10 minutes)

Net sales
Accounts receivable turnover =
Average accounts receivable

$861,105
= ($153,400 + $138,500) / 2

= 5.9 times
Interpretation: An accounts receivable turnover of 5.9 implies that the
company’s average accounts receivable balance is converted into cash
5.9 times per year. The 5.9 turnover is about 21% lower than the average
turnover of 7.5 for its competitors. The company needs to identify the
cause of this poor performance and rectify the situation to at least
compete at the average level.

Quick Study 7-13 (10 minutes)

a. Both U.S. GAAP and IFRS have similar asset criteria that apply to
recognition of receivables. Further, receivables that arise from revenue-
generating activities are subject to broadly similar criteria for U.S. GAAP
and IFRS. Specifically, both refer to the realization principle and an
earnings process. However, while these criteria are broadly similar,
differences do exist, and they arise mainly from industry-specific
guidance under U.S. GAAP, which is very limited under IFRS.
b. Both U.S. GAAP and IFRS require receivables to be reported net of
estimated uncollectibles. Further, both systems require that the expense
for estimated uncollectibles be recorded in the same period when
revenues from those receivables are recorded. This means that in the
case of accounts receivable, both U.S. GAAP and IFRS require the
allowance method for uncollectibles (unless immaterial).

Sales Returns and

Accounts Receivable Sales Allowances
Nov. 5 4,615 Nov. 21 209 Nov. 5 4,615 Nov. 21 209
10 1,350 10 1,350
13 832 13 832
30 2,713 30 2,713
Bal. 9,301

ACCOUNTS RECEIVABLE LEDGER

Ski Shop Welcome Enterprises Zia Natara

Nov. 5 4,615 Nov. 10 1,350 Nov. 13 832 Nov. 21 209
30 2,713
Bal. 7,328 Bal. 623

Part 2
Vail Company
Schedule of Accounts Receivable
November 30, 2017
Ski Shop ................................................................................. $7,328
Welcome Enterprises ........................................................... 1,350
Zia Natara ............................................................................... 623
Total ........................................................................................ $9,301

Comparison: The total of the Schedule of Accounts Receivable ($9,301) is

proved with the balance of the Accounts Receivable controlling T-account
from Part 1 ($9,301).

8 Cost of Goods Sold ................................................ 6,000

Merchandise Inventory .................................... 6,000
Record cost of sales.

12 Cash ......................................................................... 5,460

Credit Card Expense*............................................. 140
Sales .................................................................. 5,600
Record credit card sales less 2.5% fee. *($5,600 x .025)

12 Cost of Goods Sold ................................................ 3,500

Merchandise Inventory .................................... 3,500
Record cost of sales.

Exercise 7-3 (10 minutes)

Apr. 30 Accounts Receivable ............................................. 1,000
Sales .................................................................. 1,000
Record own-store credit card sales.

30 Cost of Goods Sold ................................................ 650

Merchandise Inventory .................................... 650
Record cost of sales.

May 31 Accounts Receivable ............................................. 4

Interest Revenue .............................................. 4
Interest earned from its own-store credit card.

Exercise 7-4 (15 minutes)

March 11 Bad Debts Expense ....................................................
45,000
Accounts Receivable—Leer Co. .......................... 45,000
Write off an account.

March 29 Accounts Receivable—Leer Co. ................................ 45,000

Bad Debts Expense .............................................. 45,000
Reinstate an account previously written off.

March 29 Cash .............................................................................

45,000
Accounts Receivable—Leer Co. .......................... 45,000
Record cash received on account.

Feb. 1 Allowance for Doubtful Accounts.............................. 580

Accounts Receivable—P. Park ............................ 580
Write off an account.

June 5 Accounts Receivable—P. Park ................................ 580

Allowance for Doubtful Accounts ........................ 580
Reinstate an account.

June 5 Cash .............................................................................. 580

Accounts Receivable—P. Park ............................ 580
Record cash received on account.

Exercise 7-6 (15 minutes)

a.
Dec. 31 Bad Debts Expense ...................................................... 685
Allowance for Doubtful Accounts* ....................... 685
Record estimated bad debts expense.
*
Unadjusted balance = $ 415 credit
Estimated balance ($55,000 x .02) = 1,100 credit
Required adjustment = $ 685 credit
b.
Dec. 31 Bad Debts Expense ......................................................1,391
Allowance for Doubtful Accounts** ...................... 1,391
Record estimated bad debts expense.
**
Unadjusted balance = $ 291 debit
Estimated balance ($55,000 x .02) = 1,100 credit
Required adjustment = $1,391 credit

Exercise 7-7 (30 minutes)

a. Computation of the estimated balance of the allowance for uncollectibles:
Not due: $396,000 x 0.01 = $ 3,960
1 to 30: 90,000 x 0.02 = 1,800
31 to 60: 36,000 x 0.05 = 1,800
61 to 90: 18,000 x 0.07 = 1,260
Over 90: 30,000 x 0.10 = 3,000
$11,820 credit

*
Unadjusted balance ................................ $ 3,600 credit
Estimated balance ....................................... 11,820 credit
Required adjustment ................................ $ 8,220 credit
c.
Dec. 31 Bad Debts Expense.............................................. 11,920
Allowance for Doubtful Accounts ................ 11,920
Record estimated bad debts.*

*
Unadjusted balance ................................ $ 100 debit
Estimated balance ....................................... 11,820 credit
Required adjustment ................................ $11,920 credit

Exercise 7-8 (25 minutes)

a. Computation of the estimated balance of the allowance for uncollectibles:

$570,000 x 0.045 = $25,650 credit
b.
Dec. 31 Bad Debts Expense.............................................. 13,650
Allowance for Doubtful Accounts ................ 13,650
Record estimated bad debts.*

*
Unadjusted balance ........................... $12,000 credit
Estimated balance ............................. 25,650 credit
Required adjustment ......................... $13,650 credit

c.
Dec. 31 Bad Debts Expense.............................................. 26,650
Allowance for Doubtful Accounts ................ 26,650
Record estimated bad debts.*

*
Unadjusted balance ........................... $ 1,000 debit
Estimated balance ............................. 25,650 credit
Required adjustment ......................... $26,650 credit

Feb. 1 Allowance for Doubtful Accounts.............................. 6,800

Accounts Receivable—Oakley Co ....................... 900
Accounts Receivable—Brookes Co .................... 5,900
Write off specific accounts.

June 5 Accounts Receivable—Oakley ................................ 900

Allowance for Doubtful Accounts ........................ 900
Reinstate an account.

June 5 Cash .............................................................................. 900

Accounts Receivable—Oakley ............................. 900
Record cash received on account.

Exercise 7-10 (25 minutes)

a. Expense is 3.0% of credit sales

Dec. 31 Bad Debts Expense............................................... 9,000

Allowance for Doubtful Accounts ................. 9,000
Record estimated bad debts
[$300,000 x .03].

b. Expense is 1.0% of total sales

Dec. 31 Bad Debts Expense............................................... 12,000
Allowance for Doubtful Accounts ................. 12,000
Record estimated bad debts
[($300,000 + $900,000) x .01].

c. Allowance is 6% of accounts receivable

Dec. 31 Bad Debts Expense............................................... 12,500
Allowance for Doubtful Accounts ................. 12,500
Record estimated bad debts.*
*
Unadjusted balance........................................................
$ 5,000 debit.
Estimated balance ($125,000 x 6%) ..............................7,500 credit
Required adjustment ......................................................
$12,500 credit

Dec. 31 Interest Receivable ...................................... 38

Interest Revenue .................................... 38
Record interest earned [$9,500 x .08 x 18/360].

Exercise 7-12 (15 minutes)

2017
Jan. 27 Cash ....................................................................... 9,595
Interest Revenue* ............................................ 57
Interest Receivable ......................................... 38
Notes Receivable—M. Lee ............................. 9,500
Record cash received on note plus interest.
* [$9,500 x .08 x (45-18)/360 = $57]

Mar. 3 Notes Receivable—Tomas Co. ............................ 5,000

Accounts Receivable-Tomas Co ................... 5,000
Record receipt of note on account.

17 Notes Receivable—H. Cheng ............................... 2,000

Accounts Receivable—H. Cheng .................. 2,000
Record receipt of note on account.

Apr. 16 Accounts Receivable—H. Cheng ........................ 2,015

Interest Revenue ............................................. 15
Notes Receivable—H. Cheng ......................... 2,000
Record receivable for dishonored
note plus interest [$2,000 x .09 x 30/360].

May 1 Allowance for Doubtful Accounts ....................... 2,015

Accounts Receivable—H. Cheng .................. 2,015
Write off account.

June 1 Cash ....................................................................... 5,125

Interest Revenue ............................................. 125
Notes Receivable—Tomas Co ....................... 5,000
Record cash received on note with
interest [$5,000 x .10 x 90/360].

Nov. 1 Notes Receivable—K. White ............................. 6,000

Accounts Receivable—K. White ................. 6,000
Record receipt of note on account.

Dec. 31 Interest Receivable ............................................ 80

Interest Revenue .......................................... 80
Record interest earned
[$6,000 x .08 x 60/360].

Apr. 30 Cash .................................................................... 6,240

Notes Receivable—K. White ....................... 6,000
Interest Revenue* ......................................... 160
Interest Receivable ...................................... 80
Record cash received on note plus
interest earned. *[$6,000 x .08 x 120/360]

Exercise 7-14 (20 minutes)

Mar. 21 Notes Receivable—T. Jackson ............................ 9,500

Accounts Receivable—T. Jackson ................ 9,500
Record receipt of note on account.

Sept. 17 Accounts Receivable—T. Jackson ...................... 9,880

Interest Revenue ............................................. 380
Notes Receivable—T. Jackson ...................... 9,500
Record note dishonored plus interest
earned [$9,500 x .08 x 180/360 = $380].

Dec. 31 Allowance for Doubtful Accounts ....................... 9,880

Accounts Receivable—T. Jackson ................ 9,880
Write off an account.

July 4 Accounts Receivable ............................................ 7,245

Sales ................................................................ 7,245
Record sales on credit.

4 Cost of Goods Sold......................................................

5,000
Merchandise Inventory .......................................... 5,000
Record cost of sales.

9 Cash ....................................................................... 19,200

Factoring Fee Expense* ....................................... 800
Accounts Receivable ...................................... 20,000
Record sale of receivable. *($20,000 x .04)

17 Cash ....................................................................... 5,859

Accounts Receivable ...................................... 5,859
Record cash received on account.

27 Cash ....................................................................... 10,000

Notes Payable.................................................. 10,000
Record cash from a loan.

Note to Financial Statements

Accounts receivable in the amount of $12,500 are pledged
as security for a $10,000 note payable to Main Bank.

Year 2016 accounts receivable turnover:

$335,280
($41,400 + $34,800)/2 = 8.8 times

Year 2017 accounts receivable turnover:

$405,140
($44,800 + $41,400)/2 = 9.4 times

Analysis: Raheem Company turned over its accounts receivable 0.6 (9.4 – 8.8)
times more in 2017 than in 2016. This may indicate that the company has
tightened its credit policy or has improved its collection efforts. Also, relative to
competitors’ turnover of 11, Raheem is performing worse than average.

Exercise 7-17 (25 minutes)

(¥ in millions)
a. Expense is 0.4% of total revenues
Dec. 31 Bad Debts Expense............................................... 38,465
Allowance for Doubtful Accounts ................. 38,465
Record estimated bad debts
[9,616,202 x 0.004]. Rounded to nearest dollar.

b. Allowance is 2.0% of trade receivables, gross

Dec. 31 Bad Debts Expense............................................... 45,959
Allowance for Doubtful Accounts ................. 45,959
Record estimated bad debts.*
*
Unadjusted balance ........................................................
10,000 credit
Estimated balance (2,797,935 x 0.02) ...........................
55,959 credit **
Required adjustment ......................................................
45,959 credit
**Rounded to nearest dollar.

Part 2
Current assets
Accounts receivable ...........................................$1,270,100
Less allowance for doubtful accounts ............. (68,650)* $1,201,450

Or: Accounts receivable (net of $68,650*

uncollectible accounts) ................................ $1,201,450

* Adjustment to the allowance ................................

$85,230 credit
Unadjusted allowance balance ................................
16,580 debit
Adjusted balance .........................................................
$68,650 credit

Part 3
Current assets
Accounts receivable ...........................................$1,270,100
Less allowance for doubtful accts. ................... (63,505)** $1,206,595

Or: Accounts receivable (net of $63,505**

uncollectible accounts) ................................ $1,206,595

** See computations in Part 1c.

Part 1

Calculation of the estimated balance of the allowance for uncollectibles

Not due: $830,000 x .0125 = $10,375

1 to 30: 254,000 x .0200 = 5,080
31 to 60: 86,000 x .0650 = 5,590
61 to 90: 38,000 x .3275 = 12,445
Over 90: 12,000 x .6800 = 8,160
$41,650 credit

Part 2

Dec. 31 Bad Debts Expense.............................................. 27,150

Allowance for Doubtful Accounts ................ 27,150
Record estimated bad debts.*

*
Unadjusted balance ........................... $14,500 credit
Estimated balance ............................. 41,650 credit
Required adjustment ......................... $27,150 credit

Part 3

Writing off the account receivable in 2018 will not directly affect year 2018
net income. The entry to write off an account involves a debit to Allowance
for Doubtful Accounts and a credit to Accounts Receivable, both of which
are balance sheet accounts. Net income is affected only by the annual
recognition of the estimated bad debts expense, which is journalized as an
adjusting entry. Net income for Year 2017 (the year of the original sale)
included an estimated expense for write-offs such as this one.

2016
a. Accounts Receivable ......................................... 1,345,434
Sales .............................................................. 1,345,434
Record sales on account.

Cost of Goods Sold ......................................................

975,000
Merchandise Inventory ................................ 975,000
Record cost of sales.

b. Allowance for Doubtful Accounts..................... 18,300

Accounts Receivable ................................... 18,300
Write off accounts.

c. Cash ..................................................................... 669,200

Accounts Receivable ................................... 669,200
Record cash received on account.

d. Bad Debts Expense ............................................ 28,169

Allowance for Doubtful Accounts .............. 28,169
Record estimated bad debts.*

*
Beginning receivables ...................... $ 0
Credit sales ....................................... 1,345,434
Collections ........................................ (669,200)
Write-offs........................................... (18,300)
Ending receivables ........................... 657,934
Percent uncollectible ........................ x 1.5%
Required ending allowance.............. 9,869** Cr.
Unadjusted balance .......................... 18,300 Dr.
Adjustment to the allowance ........... $ 28,169 Cr.
** rounded to nearest dollar

2017
e. Accounts Receivable .............................................. 1,525,634
Sales ................................................................ 1,525,634
Record sales on account.

Cost of Goods Sold......................................................

1,250,000
Merchandise Inventory .......................................... 1,250,000
Record cost of sales.

f. Allowance for Doubtful Accounts ......................... 27,800

Accounts Receivable ........................................ 27,800
Record write-off of accounts.

g. Cash ......................................................................... 1,204,600

Accounts Receivable ........................................ 1,204,600
Record cash received on account.

h. Bad Debts Expense................................................. 32,199

Allowance for Doubtful Accounts ................... 32,199
Record estimated bad debts.*

*
Beginning receivables ............................ $ 657,934
Credit sales.............................................. 1,525,634
Collections............................................... (1,204,600)
Write-offs ................................................. (27,800)
Ending receivables ................................ 951,168
Percent uncollectible .............................. x 1.5%
Required ending allowance .................... 14,268** Cr.
Unadjusted balance
Beginning (Cr.) ...................................... $ 9,869
Write-offs (Dr.) ....................................... 27,800 17,931 Dr.
Adjustment to the allowance .................. $ 32,199 Cr.
** rounded to nearest dollar

31 Interest Receivable.............................................. 36
Interest Revenue ........................................... 36
Record interest earned.
[$10,800 x .08 x 15/360 = $36].

2017
Feb. 14 Cash ...................................................................... 10,944
Interest Revenue* .......................................... 108
Interest Receivable........................................ 36
Notes Receivable—D. Todd.......................... 10,800
Record cash received on note with interest.
*[$10,800 x 0.08 x 45/360 = $108]

Mar. 2 Notes Receivable—Midnight Co ........................ 6,100

Accounts Receivable—Midnight Co. ........... 6,100
Record note received on account.

17 Notes Receivable—A. Privet .............................. 2,400

Accounts Receivable—A. Privet 2,400
Record note received on account.

Apr. 16 Accounts Receivable—A. Privet ........................ 2,414

Interest Revenue ........................................... 14
Notes Receivable—A. Privet ........................ 2,400
Record receivable for dishonored
note plus interest [$2,400 x .07 x 30/360= $14].

May 31 Accounts Receivable—Midnight Co. ................. 6,222

Interest Revenue* .......................................... 122
Notes Receivable—Midnight Co .................. 6,100
Record receivable for dishonored note *[$6,100
x 0.08 x 90/360 = $122]

July 16 Cash ...................................................................... 6,286

Interest Revenue* .......................................... 64
Accounts Receivable—Midnight Co. ........... 6,222
Record cash received on account
plus additional interest.
*[$6,222 x .08 x 46/360= $64 (rounded)]

Aug. 7 Notes Receivable—Mulan................................... 7,450

Accounts Receivable—Mulan ...................... 7,450
Record note received on account.

Sept. 3 Notes Receivable—N. Carson ............................ 2,100

Accounts Receivable—N. Carson................ 2,100
Record note received on account.

Nov. 2 Cash ...................................................................... 2,135

Interest Revenue* .......................................... 35
Notes Receivable—N. Carson ...................... 2,100
Record cash received on note plus interest
*($2,100 x .10 x 60/360 = $35).

5 Cash ...................................................................... 7,636

Interest Revenue* .......................................... 186
Notes Receivable—Mulan............................. 7,450
Record cash received on note plus
interest. *($7,450 x .10 x 90/360 = $186)

Dec. 1 Allowance for Doubtful Accounts...................... 2,414

Accounts Receivable—A. Privet .................. 2,414
Record write-off of account.

Part 2
Analysis Component: When a business pledges its receivables as security
for a loan and the loan is still outstanding at period-end, the business must
disclose this information in notes to its financial statements. This is a
requirement because the business has committed a portion of its assets to
cover a specific portion of its liabilities, which means that if the business
dishonors its obligations under the loan, the creditor can claim the amount
of receivables identified in the pledge as collateral to cover the loan. This
arrangement must be disclosed to satisfy the full-disclosure principle.

Part 2
Current assets
Accounts receivable .................................... $575,000
Less allowance for doubtful accounts ...... (41,050)* $533,950

Or: Accounts receivable (net of $41,050*

uncollectible accounts) ............................ $533,950

* Adjustment to the allowance .................... $33,550 credit

Unadjusted allowance balance ................. 7,500 credit
Adjusted balance ....................................... $41,050 credit

Part 3
Current assets
Accounts receivable .................................... $575,000
Less allowance for doubtful accounts ...... (34,500)** $540,500

Or: Accounts receivable (net of $34,500**

uncollectible accounts) ............ $540,500
** See computations in Part 1c.

Part 1

Calculation of the estimated balance of the allowance

Not due: $396,400 x .020 = $ 7,928

1 to 30: 277,800 x .040 = 11,112
31 to 60: 48,000 x .085 = 4,080
61 to 90: 6,600 x .390 = 2,574
Over 90: 2,800 x .820 = 2,296
$27,990

Part 2

Dec. 31 Bad Debts Expense........................................... 31,390

Allowance for Doubtful Accounts ............. 31,390
Record estimated bad debts.*

*
Unadjusted balance ...........................
$ 3,400 debit
Estimated balance ..............................
27,990 credit
Required adjustment .........................
$31,390 credit

Part 3

Writing off the account receivable in 2018 will not directly affect Year 2018
net income. The entry to write off an account involves a debit to Allowance
for Doubtful Accounts and a credit to Accounts Receivable, both of which
are balance sheet accounts. Net income is affected only by the annual
recognition of the estimated bad debts expense, which is journalized as an
adjusting entry. Net income for Year 2017 (the year of the original sale)
included an estimated expense for write-offs such as this one.

2016
a. Accounts Receivable ......................................... 685,350
Sales .............................................................. 685,350
Record sales on account.

Cost of Goods Sold ......................................................

500,000
Merchandise Inventory .......................................... 500,000
Record cost of sales.

b. Cash ..................................................................... 482,300

Accounts Receivable ................................... 482,300
Record cash received on account.

c. Allowance for Doubtful Accounts..................... 9,350

Accounts Receivable ................................... 9,350
Record write-off of accounts.

d. Bad Debts Expense ............................................ 11,287

Allowance for Doubtful Accounts............... 11,287
Record estimated bad debts.*

*Beginning receivables ..................... $ 0

Credit sales ...................................... 685,350
Collections ....................................... (482,300)
Write-offs.......................................... (9,350)
Ending receivables .......................... 193,700
Percent uncollectible ....................... x 1.0%
Required ending allowance............. 1,937** Cr.
Unadjusted balance ......................... 9,350 Dr.
Adjustment to the allowance........... $ 11,287 Cr.
** Rounded to nearest dollar

2017
e. Accounts Receivable .......................................... 870,220
Sales ............................................................... 870,220
Record sales on account.

Cost of Goods Sold ......................................................

650,000
Merchandise Inventory .......................................... 650,000
Record cost of sales.

f. Cash ...................................................................... 990,800

Accounts Receivable .................................... 990,800
Record cash received on account.

g. Allowance for Doubtful Accounts...................... 11,090

Accounts Receivable .................................... 11,090
Record write-off of accounts.

h. Bad Debts Expense ............................................. 9,773

Allowance for Doubtful Accounts................ 9,773
Record estimated bad debts.*

*Beginning receivables ........................... $ 193,670

Credit sales ............................................ 870,220
Collections ............................................. (990,800)
Write-offs................................................ (11,090)
Ending receivables ................................ 62,000
Percent uncollectible ............................. x 1.0%
Required ending allowance................... 620 Cr.
Unadjusted balance
Beginning (credit) ................................$ 1,937
Write-offs (debit) ................................ 11,090 9,153 Dr.
Adjustment to the allowance................. $ 9,773 Cr.

Dec. 31 Interest Receivable.................................................. 64

Interest Revenue ............................................... 64
Record interest earned [$4,800 x .08 x 60/360].

2017
Jan. 30 Cash .......................................................................... 4,896
Interest Revenue* .............................................. 32
Interest Receivable............................................ 64
Notes Receivable—S. Julian ............................ 4,800
Record cash received on note with interest.
*[$4,800 x .08 x 30/360]

Feb. 28 Notes Receivable—King Co ................................... 12,600

Accounts Receivable—King Co. ...................... 12,600
Record note received on account.

Mar. 1 Notes Receivable—M. Shelley ............................... 6,200

Accounts Receivable—M. Shelley ................... 6,200
Record note received on account.

30 Accounts Receivable—King Co ............................. 12,684

Interest Revenue ............................................... 84
Notes Receivable—King Co ............................. 12,600
Record receivable for dishonored note
plus interest [$12,600 x .08 x 30/360].

Apr. 30 Cash .......................................................................... 6,324

Interest Revenue ............................................... 124
Notes Receivable—M. Shelley ......................... 6,200
Record cash received on note plus interest
($6,200 x .12 x 60/360 = $124).

June 15 Notes Receivable—R. Solon ................................ 2,000

Accounts Receivable—R. Solon ..................... 2,000
Record note received on account.

June 21 Notes Receivable—J. Felton ................................ 9,500

Accounts Receivable—J. Felton .................... 9,500
Record note received on account.

Aug. 14 Cash ........................................................................ 2,034

Interest Revenue* ............................................ 34
Notes Receivable—R. Solon .......................... 2,000
Record cash received on note plus interest.
*[$2,000 x .08 x 72/360] rounded to nearest dollar

Sept. 19 Cash ........................................................................ 9,690

Interest Revenue* ............................................ 190
Notes Receivable—J. Felton .......................... 9,500
Record cash received on note plus interest.
*[$9,500 x .08 x 90/360] rounded to nearest dollar

Nov. 30 Allowance for Doubtful Accounts........................ 12,684

Accounts Receivable—King Co ..................... 12,684
Record write-off of accounts.

Serial Problem — SP 7, Business Solutions (50 minutes)

1. a. Bad debts expense is recorded as 1% of total revenues:
$44,000 x .01 = $440.
2018
Mar. 31 Bad Debts Expense ............................................... 440
Allowance for Doubtful Accounts.................. 440
Record estimated bad debts.

1. b. Bad debts expense is recorded as 2% of accounts receivable:

$22,867 x .02 = $457.34, which is $457 rounded to the nearest dollar.
2018
Mar. 31 Bad Debts Expense ............................................... 457
Allowance for Doubtful Accounts.................. 457
Record estimated bad debts.
Instructor note: It might help to stress that the beginning balance for the Allowance for
Doubtful Accounts is zero, which is unusual and exists because this is the first period that the
company applies the allowance method.

2. Allowance Balance as of 3/31/18 ................... $457 Cr.

Less: Account written off .............................. (100) Dr.
Allowance Balance as of 6/30/18 ................... $357 Cr. (before adjustment)

Required Balance: $20,250 x 0.02 = $405

Required Adjustment: $405 - $357 = $48

2018
June 30 Bad Debts Expense ............................................... 48
Allowance for Doubtful Accounts.................. 48
Record estimated bad debts.

3. Many small business owners use the direct write-off method of

recording bad debts expense. The direct method is a simple and
straightforward method of accounting for bad debts expense. It can
also be justified if the amounts are immaterial. However, when the
amounts are material, the direct write-off method can result in accounts
receivable overstatements, bad debts expense understatements, and net
income overstatements. The method required per GAAP is the
allowance method, which will result in the best matching of a period’s
expenses to revenues.

©2018 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in
any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
452 Financial & Managerial Accounting, 7th Edition
Exploring the Variety of Random
Documents with Different Content
didn’t, merely because the wretched details of trade failed to interest
him. That was the way of people in that class of life—there was a
touch of the miser about all of them. No matter how the money
came in, they persisted in their narrow views as to spending it. And
there was other income, in addition. The lad Johnny—he was almost
a man to look at—brought his mother eight shillings a week at the
time of the wedding, and then ten shillings, and then twelve; more,
it would increase two shillings a year; but in truth his mother was
unduly extravagant in buying him clothes. Still at anyrate there was
something, and there might be more if only Mrs. Butson would turn
the girl out to earn a little, instead of letting her waste her time
reading, and confirming her in habits of idleness. And there was the
rent from the cottage. This came every week by postal order from
Bob Smallpiece, and since it was fitting that a husband should open
letters sent his wife by a single man, Mr. Butson cashed the orders
without troubling her in the matter at all.
So that indeed he was not at all wasteful, considering both his
income and the society he moved in—for he was not slow in making
acquaintances among the affable gentility of the bars. In fact he
would have done it cheaper still but for the pestilent uncertainty of
Spring Handicaps. It would seem impossible for him to put half a
sovereign on any horse without dooming it to something very near
the last place. The distinguished society of the bars was profoundly
astonished, indeed distressed, at his ill-luck; but gave him more
excellent information for future events; information, however, that
brought even worse luck with it.
His wife showed no sympathy for his troubles—and of course there
are vexations and disappointments (such as those of the Spring
Handicaps) which are inseparable from fashionable life—but rather
aggravated them with hole-and-corner snivelling, and ridiculous
attempts at persuading him to a mean and inglorious way of life.
She even hinted vulgar suspicion of his west-end friends, and
suggested that he should associate with a long fool called Hicks,
living next door—a common working man. For a long time—many
months in fact—he bore it with what patience he might, retaliating
only in such terms as seemed necessary to close her mouth, and to
convince her of his contempt for her low habit of mind, and indeed,
for herself; and when at last it grew plain that personal punching
was what was needed, he was so considerate as not to punch her
about the face, where marks would advertise the state of his
domestic affairs; careful, also, to operate not other than quietly,
when they were alone, on the same grounds of decency. And he
knew that she would tell nobody, for at least she had self-respect
enough for that.
Of these things Johnny knew nothing, and Bessy only a little. Both
were glad that their stepfather was so much from home, and though
Johnny’s sentiment toward him was a mere sullen contempt, the lad
made no parade of the fact,—rather aimed indeed at keeping things
quiet for his mother’s sake. But Bessy fretted in secret.
XXIII.

Johnny’s months went uneventfully. At Maidment and Hurst’s he

applied himself zealously to his trade—the more because home was
a dull place now—and he was as smart a lad as any in the shop of
his age, or perhaps of a few months older. He could turn back an
eyelid, too, and whip away an iron filing, or a speck of emery grit,
with such address and certainty as might astonish a surgeon. The
operation was one that every engineer’s apprentice grew apt at, and
exceptional dexterity like Johnny’s was a matter of pride, a
distinction zealously striven for, an accomplishment to exercise at
every opportunity. Johnny felt that he had passed with honours on
the memorable day when Cottam, the gaffer, roared to him from the
other end of the shop to come and attend to his eye, afflicted with a
sharp grain of brass. “No—not you,” quoth Mr. Cottam, in answer to
instant offers of help from those hard by. “This ’ere’ll stick like a nail
in a barn door. Where’s young May? D’y’ear? Where’s young Jack
May?”
Much of his practical knowledge Johnny owed to Long Hicks. That
recluse, whose sole friend hitherto had been his accordion, now
declared for a second hobby, which was to turn Johnny into the best
workman at Maidment and Hurst’s before his time was out. “You’ve
got all the chances,” said Long Hicks. “You’re servin’ yer time on
small work—alwis best for trainin’ a first-rate man. I’m reckoned a
good fitter, but I served time mostly on big work, or I’d ’a’ bin
better.”
He recommended Johnny to qualify as a marine engineer when his
apprenticeship was over, even if he intended to live a shore life.
“You get yer c’tificates, an’ then you’re all right,” he would say. “An’
the better c’tificates you get the better you’ll do, afloat or ashore.
So as soon as your time’s out, off you go an’ serve your year at sea
as fourth or fifth of a good boat, if you can get the job. The rest’ll
be easy as winkin’ to a quick young chap like you. You can draw
nice an’ neat—I can put a thing down acc’rate enough, but I can’t
draw it neat—and what with one thing an’ another I b’lieve you
could pass your second now. I ought to ’a’ done it, p’raps, but I lose
me ’ed at anythin’ like a ’xamination. An’ I never ’ad over-much
schoolin’. Them compound multiplications ’ud ’ave me over ev’ry
time. I s’pose you don’t think nothin’ of a compound multiplication?”
Johnny admitted that he had gone a long way beyond that rule of
arithmetic.
“Yus,” Hicks answered. “I’ve got beyond it, too, teachin’ meself. I
know ’ow to do ’em well enough. But Lord! what a strain they are!
Tons, ’undredweights, quarters, pounds, ounces, an’ grains, an’
multiply ’em by five ’undred an’ twenty-seven thousan’ six ’undred
an’ eighty-three. There ain’t no end to a job like that, an’ yer brain
on the stretch all the time, ’cos a tick out’ll make it about a million
tons wrong in the end. It ’ud send me foamin’ mad, at a ’xamination
an’ all, with a chap waitin’ for the sum! Phew!” And Long Hicks’s
forehead went clammy at the fancy.
“But there,” he proceeded, “you’re all right. You’ll knock auf your
second’s examination easy as marbles; an’ then you’ll do yer chief’s
’an extry chief’s all in one, an’ then you’ll do the Board o’ Trade, an’
be a guarantee chief or anythin’ ye like! You will, by George!” and
the lank man gazed in Johnny’s face (Johnny was sitting on Hicks’s
bed) with much respect and admiration, being fully persuaded, in
the enthusiasm of the moment, that the lad had already as good as
achieved the triumphs he prophesied.
But there was work to do, and Johnny did it. Mechanical drawing,
when its novelty had worn off, was less delightful than the fancy-free
draughtsmanship he had practised as a schoolboy, and it had an arid
twang of decimals and vulgar fractions. Still, for a time there was a
charm in the gradual unfolding of the inner principles of his work,
and in the disclosure, piece by piece, of the cunning complication
that stood ministrant on the main simplicity of a great steam engine;
till the beauty of the thing in its completeness came in sight, with
something of surprise in it. Though this, too, grew a commonplace
as familiarity cheapened it, and then his work was work merely. And
so it went till half the time of his apprenticeship was over, and he
was eighteen, and a sinewy young fellow.
Sometimes he drew at home, and sometimes in Hicks’s room. Hicks
had a few books—editions a little out of date, some of them, but all
useful—and these were at Johnny’s service: Seaton’s Manual, Reed’s
Handbook, Donaldson’s Drawing and Rough Sketching, and the like.
Hicks’s room was inconvenient for drawing, but nothing would tempt
Hicks next door, and once or twice Mr. Butson had come home when
Johnny’s drawing-board and implements littered the table in the
shop-parlour, and made objections.
“My eye!” exclaimed Hicks, one evening, in face of a crank-shaft
elevation and sections, as Johnny held it up on the board; “why
that’s a drawin’ good enough to put in a frame! I tell ye what, me
lad. With a bit more practice, an’ a bit o’ the reg’lar professional
touch, you’ll be good enough for a draughtsman’s job. Lord! you’ll
be a master some day, an’ I’ll come an’ get a job of you! Look ’ere,
no more o’ this gropin’ about alone. Round you go to the Institute,
an’ chip into the Mechanical Drawin’ class. That’s your game.
They’ll put you up to the reg’lar drawin’-auffice capers.”
Thus urged, Johnny went to the Institute. This was an evening
school, founded by a ship-builder twenty years earlier. Here a few
lads, earnest as Johnny, came to work and to learn, and a great
many more, differently disposed, came to dabble. There was a
gymnasium, too, and a cricket-club, and plenty of boxing. And girls
came, to learn cookery and dressmaking: and there were sometimes
superior visitors from other parts, oozing with inexpensive
patronage, who spoke of Johnny and his companions as the
Degraded Classes, who were to be Raised from the Depths.
And so in the Institute Johnny drew, and learned the proper
drawing-office manner of projection. Learned also the muscle-
grinder and the long-arm balance on the horizontal bar, and more
particularly learned to pop in a straight left, to duck and counter, and
to give and take a furious pounding for three minutes on end
without losing wind or good-humour. So that his attention was
diverted from home, and for long he saw nothing of the misery his
mother suffered in secret, nothing of the meek endurance of Bessy;
and for the more reason because both studied to keep him ignorant,
and to show him cheerful faces.
But there came an evening when his eyes were opened—in some
degree, at least. Perhaps something especially perverse had
happened in a Spring Handicap (Spring Handicaps were just
beginning), perhaps it was some other of the vexations that beset a
gentlemanly career: but certainly Mr. Henry Butson came into
Harbour Lane in no amiable mood. At the corner, where a public-
house shed light across the street, he ran into a stout bare-armed
girl in a faded ultramarine hat, and made to push her roughly aside.
But the girl stood her ground, and planted an untender elbow near
the spot where his watch-chain hung resplendent. “Garn!” she cried,
“bought the street, ’ave yer?” And then as he sought to pass on:
“D’y’ear! Ye got yer collar an’ yer chain; where’s yer muzzle?”
Nowise mollified by this outrage, Mr. Butson came scowling in at the
shop door, and taking no notice of Nan, who stood at the counter,
entered the back parlour and slammed the door behind him. It was
barely nine o’clock, and so early a return was uncommon.
Bessy sat by the fireside, sewing. Mr. Butson was angry with the
world, sorely needing someone to bully, and Bessy was providentially
convenient. He put a cigar into his mouth and strode across to the
shelf in the corner, shoving the girl and her chair and her crutch out
of his way in a heap. The shelf carried Bessy’s tattered delight of
old books; and, dragging a random handful of leaves from among
them, while a confused bunch fell on the floor, he twisted up one
leaf and thrust it into the gas flame.
Bessy seized his arm. “O don’t!” she pleaded. “Please don’t! Not
out of the book! There’s a lot I made on the mantelpiece! Don’t, O
don’t!”
Indeed a glass vase stood full of pipe-lights. But he jerked his elbow
into her face, knocking her backward, and swore savagely. He lit his
pipe with the precious leaf, and then, because Bessy wept, he took
another handful from the shelf and pitched it on the fire. At this,
pleading the harder, she limped forward to snatch them off, but Mr.
Butson, with a timely fling of the foot, checked her sound leg, and
brought her headlong on the fender.
“Yus,” he roared, furious at the contumacy, “you take ’em auf, when
I put ’em on! Go on, an’ see what I’ll do to ye? Damn lazy
skewshanked ’eifer!” He took her by the shoulder as she made to
rise, and pushed her forward. “Go an’ earn yer livin’, y’idle slut!”
Nan, in the shop, heard from the beginning, and trembled. Her
impulse to interfere she checked as she might, for she well knew
that would worsen Bessy’s plight; but it was choking hard.
In the midst Johnny burst in from the street, whistling. “Why,
mother,” he said, “what’s up? Ill? You look—what’s that?”
“No—nothing, Johnny. Don’t go in. I’ll go. Stay—”
But there was a cry and a noise of falling. Johnny flung open the
parlour door and stood aghast.
. . . Butson pushed the girl forward. “Go an’ earn yer livin’, y’ idle
slut! Get out o’ this!”
For a second Johnny stared. Then he reached Butson at a spring
and knocked him backward with a swing of his right fist. The crutch
lay behind the man’s heels and tripped him, so that he sat backward
on the floor, mightily astonished. Johnny snatched the poker and
waved it close about Butson’s head.
“Don’t you move!” he cried, white with passion. “Don’t you try to
get up, or I’ll beat your head in!”
Mr. Butson raised his arm to save his skull, but caught a blow across
the bone that sent it numb to his side.
“Johnny—don’t!” cried Nan, snatching at his arm. “O Henry! pray
don’t—”
“Get away, mother,” said Johnny, “or I’ll have to hit his head! You
blackguard coward! You—you’re a meaner hound even than I took
you for! You’ll touch my sister—a lame girl—will you?” At the
thought he struck, but again Nan caught at him, and only Mr.
Butson’s shoulder suffered.
“Don’t, Johnny!” his mother entreated. “Think o’ the neighbours!
They can hear next door!”
So they could, and for the sake of trade the proprieties of Harbour
Lane must be respected. To have a row in the house was a scandal
unpardonable in Harbour Lane. In the height of his anger Johnny
remembered, and instinctively dropped his voice. “Very well,” he
said, “then call a p’liceman—I’ll lock him up!”
Johnny’s anger kept his reason half astray yet, or he would have
remembered that to have a member of the household taken off by a
policeman would be more disgraceful than twenty rows. But Mr.
Butson’s consternation, though momentary, was plain.
“Johnny, Johnny,” pleaded poor Nan, “think of the disgrace! Do let’s
make it up—for my sake, Johnny!”
Bessy was crying in a corner, and Nan was choking and sobbing.
Johnny wavered, and the poker stopped in mid-air. Butson took
heart of grace and moved to get up, though he kept his eye on the
poker. “Better take ’im away,” he growled to Nan, “if ye don’t want
me to smash ’im!”
Straightway the poker waved again, and Mr. Butson changed his
mind as to getting up. “Smash me?” Johnny asked. “Smash me,
eh? Keep a civil tongue, or you shall have it now! See?” and he
thrust the point against Mr. Butson’s nose, leaving a black smear.
“Don’t think I care for you! If this was anywhere else I’d ha’ broken
your head in twenty places! Now you sit there an’ listen to me, Mr.
Butson. What you are we know. You came here starving, with
about half a suit o’ boiler clothes in the world, and my mother fed
you—out o’ charity, an’ worse luck. She fed you, and she put clothes
on your lazy carcase, and you cadged and begged as a mongrel dog
wouldn’t. Stop where you are, or you’ll have it!” This with another
flourish of the poker and another smear on the nose. Mr. Butson sat
up again, a figure of ignominy.
“You talked my mother over, and you married her, and you’ve lived
on her ever since, like a gentleman—or like what you think’s a
gentleman—you, not worth boy’s pay on a mud-barge! Now see
here! I’m not a boy now—or at anyrate I’m not a little one. I’m
within half a head as tall as you. I’m not so strong as you now
perhaps, and I know I’m not as big. But some day I shall be
stronger, because you’re rotting yourself with idleness and booze,
and then I’ll give you a bigger hiding than you can carry, for what I
saw just now! You look forward to that! Until then, if you put your
hand within a foot of my sister again, I’ll brain you with this poker, or
I’ll stick something into you,—I’ll go for you with whatever I can lay
hold of! Now you remember that!”
Johnny’s voice was loud again, and once more Nan appealed.
“All right, mother,” he answered, more quietly, “but I’ll make him
understand. I shall keep a little more at home in the evenings now,
my fine fellow, and I shall take all this table to draw on, whether you
like it or not, unless my sister or my mother want to use it. I’ve got
more right here than you. And if I go out I’ll ask about your
behaviour when I come in. I’ve kept quiet and knuckled under to
you, for the sake of peace, and so as not to worry mother. There’s
been enough o’ that. If you want rows you shall have ’em! I’ll make
you as frightened of me as you are of the p’lice. Ah! you know what
I mean!” Johnny had no idea of what he meant himself, but he had
been sharp enough to observe the effect of his earlier allusion to the
police, and he followed it up. “You know what I mean! You’d look a
deal more at home in gaol than here, in a white shirt, eating other
people’s victuals!”
Mr. Butson decided that bluster would not do just at present. He
wondered if Johnny really did know anything, and how much. But
surely not, or he would go a good deal farther. Anyway, best be
cautious. So Mr. Butson growled, “Oh, all right. Damn lot o’ fuss to
make over nothin’. I don’t want no words.”
And Bessy, still crying, took hold of her brother’s arm and said,
“Don’t say any more, Johnny, please. I—I—p’raps I oughtn’t to ha’
done what I did!”
“What you did!” Johnny answered, not so cheaply appeased. “You
do what you like, Bess—I’ll see he don’t interfere. He says he don’t
want any words—he shan’t have ’em. He’ll have something harder if
he touches you! Let go my arm a minute. Go on, you can get up
now!” This to Butson, with the black nose. “You’d better go an’
wash yourself. But none o’ your tricks! If you try to lay hold o’ me
from behind, or anything like that, you’ll get it, with anything I can
catch hold of! So now you know!”
And Mr. Henry Butson, growling indistinctly, went out to wash his
face, closely watched by Johnny, poker in hand.
Next door, on one side, heads were thrust out at the back-door to
listen to the unwonted noise of quarrelling at the chandler’s; and on
the other side other heads were thrust out at the front door.
Because the law of irregularity in the building of Harbour Lane
decreed a back-garden to the one house and a front-garden to the
other.
XXIV.

His home in Harbour Lane grew less sufferable than ever to Mr.
Butson’s tastes. His contempt remained for the sordid surroundings,
the vulgar trade, the simple wife—for everything about the place in
fact, with the reasonable exceptions of the money he extracted from
it and the food he ate there; and now there was the new affliction of
an unsubmissive stepson. A stepson, moreover, who watched, and
who kept alert ears for any expedient assertion of authority whereat
he might raise mutiny; a most objectionable stepson in every way,
far too big, and growing bigger every day; who would not forget
bygones, and who had a nasty, suggestive way of handling the
poker—a large poker, an unnecessarily heavy poker for a sitting-
room. And he seemed to suspect things too, and talked
unpleasantly of the police; a thing that turned one hot and cold
together. So Mr. Butson went more up West, and sought longer
solace in the society of the bars.
As for Johnny, finding Butson ceasing, so far as he could see, from
active offence, he gave thought to other things; though watching
still. His drawing was among the other matters that claimed his
care; but chief of them all was a different thing altogether.
For at the Institute he had found the girl he first saw on the dark
morning when he set out to be an engineer. He had seen her since
—once as he was on his way to a ship-launch, and twice a little
later; then not at all for eighteen months at least, till he began to
forget. But now that he saw her again and found her a woman—or
grown as much a woman as he was grown a man—he wondered
that he could ever have forgotten for a moment; more, when he had
seen her twice or thrice, and knew the turn of her head and the
nearing of her step, he was desperately persuaded that nothing in
the world, nor time nor tide, could make him forget again. So that
he resolved to learn to dance.
But the little society that danced at the Institute saw nothing of her,
this radiant unforgettable. She came twice a week to the
dressmaking class; wherein she acted as monitor or assistant to the
teacher, being, as Johnny later discovered—by vast exertions—a
dressmaker herself, in her daily work. She made no friendships,
walked sedately apart, and was in some sort a mystery; being for
these reasons regarded as “stuck-up” by the girls of the class, and
so made a target for many small needle-thrusts of spite. Johnny
had a secret notion that she remembered him; because she would
pass him with so extreme an unconsciousness in her manner, so
very blank an unacquaintance in her eyes. Neat and grey in her
dress, she had ever a placid gravity of air, almost odd by contrast
with the unceasing smirk and giggle of the rest of the girls of the
Institute. And her name—another happy discovery, attained at great
expense of artless diplomacy—was Nora Sansom.
And now for awhile the practice of orthographic projection suffered
from neglect and abstraction of mind. Long Hicks, all ignorant of the
cause, was mightily concerned, and expostulated, with a face of
perplexed surprise, much poking of fingers through the hair, and
jerking at the locks thus separated. But it was a great matter that
tugged so secretly at Johnny’s mind, and daily harder at his heart-
strings, till he blushed in solitude to find himself so weak a creature.
Nora Sansom did not come to the dancing. She knew nobody that
he knew. She was unapproachable as—as a Chinese Empress. How
to approach Nora Sansom? And at the thought he gulped and
tingled, and was more than a little terrified. He was not brought to
a stand by contemplation of any distinct interposing labyrinth of
conventional observance, such as he who can see can pick his way
through in strict form; but by a difficulty palpable to instinct rather
than figured in mind: an intangible barrier that vexed Johnny to
madness, so that he hammered the Institute punching-ball with
blind fury. And again, because the world was now grown so many
heavens wider, he would sit and dream of things beyond its farthest
margin yet. And between plan and section, crank-shaft and piston,
he would wake to find himself designing monograms of the letters N.
S. and J. M. Altogether becoming a sad young fool, such as none of
us ever was in the like circumstances.
But an angel—two angels, to be exact, both of them rather stout—
came one night to Johnny’s aid. They came all unwitting, in a cab,
being man and wife, and their simple design was to see for
themselves the Upraising of the Hopeless Residuum. They had been
told, though they scarce believed, that at the Institute, far East—
much farther East than Whitechapel, and therefore, without doubt,
deeper sunk in dirt and iniquity—the young men and women danced
together under regular ball-room conventions, neither bawling
choruses nor pounding one another with quart pots. It was even
said that partners were introduced in proper form before dancing—a
thing so ludicrous in its incongruity as to give no choice but
laughter. So the two doubters from the West End (it was only
Bayswater, really) took a cab, to see these things for themselves.
But, having taken no pains to inform themselves of the order of
things at the Institute, they arrived on an evening when there was
no dancing. This was very annoying, and they said so, with
acerbity. They were, indeed, so very indignant at the disconformity
of the arrangements to their caprice, and so extremely and so
obviously important, and the lady waggled her gilt-handled lorgnon
with such offended majesty, that it was discussed among those in
direction whether or not something might be done to appease
them. And in the end, after a few hasty inquiries, the classes were
broken up for the evening and an off-hand dance was declared, to
the music extracted from the Institute piano and the fiddle of a
blushing young amateur.
The girls came in gay and chattering from the dressmaking class,
and the lads rushed to exchange gymnasium-flannels for the clothes
they had come in—all unconscious that they were to be made a
show of. They who kept their dancing-shoes on the premises
triumphed in their foresight, and Johnny was among them. As for
him, he had seen Nora Sansom coming in with the others, alone and
a little shy, and he resolved to seize occasion with both hands.
And he did so very gallantly, with less trepidation than at a calmer
moment he would have judged possible. First a quadrille was called,
and Johnny’s courage rose—for as yet he had no great confidence in
his dancing in general, but he did know the figures of a quadrille,
having learned them by rote, as most boys learn Euclid. He laid
hands on the mild young shopman who had unexpectedly found
himself appointed master of ceremonies, and in two minutes he was
standing in a set with Nora Sansom at his side. The sheer pride of it
disorganised his memory, so that it was lucky they were a side
couple, or there would have been a rout in the first figure. Johnny’s
partner knew very little or nothing of dancing, but she was quick to
learn, and Johnny, a rank beginner himself, had a proud advantage
in his knowledge of the figures—unstable as it was. So that the
thing went very joyfully, and the girl’s eyes grew brighter and her
face gayer each moment to the end. For her life had been starved
of merriment, and here was merriment in plenty, of the sort a girl
loves.
Four or five dances were all there were, for the place shut at ten. To
dance them all with Nora Sansom were impossible and scandalous,
for everybody was very “particular” at the Institute. But Johnny
went as far as two and a “sit out,” and extracted a half-promise that
she would come and dance some other time. More, he walked two
streets of the way home with her, and the way was paved with
clouds of glory. Why he might go no farther he could not guess, but
there he was dismissed, quite unmistakably, though pleasantly
enough.
Fair, very fair were the poor little streets in the moonlight as Johnny
walked home, and very sweet the air. It was a good world, a kind
world, a world as one may see it who has emptied a bottle of good
champagne. Johnny would have shaken hands with anybody on the
way—probably even with Butson if he had met him; but nobody
made the offer, and even the baked-chestnut man—he was still
there, by the high wall—growled merely when Johnny gave him
good night. And so Johnny went to dreams of gentle grey eyes in a
dimpled face with brown hair about it. For few of the song-book
beauties were Nora Sansom’s. Her hair was neither golden nor
black, but simple brown like the hair of most other people, and her
eyes were mere grey; yet Johnny dreamed.
As for the two angels from Bayswater who caused all these things to
come to pass, they looked at the dancing from the gallery, and said
that it was really very creditable, considering; quite surprising,
indeed, for people of that class, and they hoped it didn’t lead to
immorality. And they went home virtuously conscious of having
done their duty toward the Submerged. But the lady left her gilt-
handled lorgnon in the cab, whereof the gentleman hadn’t thought
to take the number. And the lady said a great many times before
they went to bed (and after) that it was Just Like a Man.
XXV.

The weeks went, and the time neared when dancing at the Institute
would end for the season—would end with a bang and a dazzle in a
“long night,” when dancing would be kept up shamelessly till
something nearer one o’clock than twelve. Johnny counted, first the
weeks, then the days, and last the hours. Not because of the
dancing, although that was amusing, but because he was to take
Nora Sansom with his double ticket. For herself, she may have
counted days and hours, or may not; but true it was that she sat up
late on several nights, with nun’s veiling and ribbons, making a dress
for the occasion—the first fine frock that had been hers. And every
night she hid it carefully.
Each dressmaking-class night of late it had been Johnny’s privilege
to guard her home-going to the end of that second street—never
farther. Twice she had come to dancing, and by that small practice
was already Johnny’s superior at the exercise; for a big-shouldered
novice of eleven stone two is a slower pupil than any girl of eighteen
in the world. And they were very welcome one to the other, and
acquaintance bettered day by day. Once Johnny ventured a
question about the adventure of the morning, now more than three
years ago, but learned little from Miss Sansom’s answer. The lady
who was ill was her relation, she said, and she found her; and then
she talked of something else.
And so till the evening before the “long night.” It was the rule at the
Institute to honour the long night with gloves and white ties, by way
of compromise with evening dress; and Johnny bought his gloves
with discretion and selected his tie with care. Then he went to the
Institute, took a turn or two at the bars, climbed up the rope, and
gave another member a lesson with the gloves. Thus refreshed, he
dressed himself in his walking clothes, making sure that the tie and
the gloves were safe in his pocket, and set out for home. There was
no dressmaking class that night, so that he need not wait. But
outside and plainly waiting for him, was Nora Sansom herself.
Johnny thought she had been crying: as in fact she had.
“Oh, Mr. May,” she said. “I’m very sorry, but—I thought you might
be here, and—and—I’m afraid I shan’t be able to come to-morrow!”
“Not come! But—but why?”
“I’m sorry—I’m very sorry, Mr. May; but I can’t tell you—really.”
There was a quiver of the lip, and her voice was a little uneven, as
though there were danger of more tears. But Johnny was not
disappointed merely; he was also angry, and it was hard to conceal
the fact. So he said nothing, but turned and walked a few steps by
her side.
“I—hope you won’t mind,” she pursued, uneasy at his silence. “I’m
very much disappointed—very much indeed.” And it was plain that
she was. “But there’ll be a good many there. And you’ll have plenty
of partners.” This last she found a hard thing to say.
“I don’t care how many’ll be there,” Johnny replied. “I shan’t go.”
It was said curtly, almost angrily, but Nora Sansom heard it with an
odd little tremor of pleasure. Though she merely said, “But why
not? There’s no reason why you should be disappointed too.”
“Anyhow, I’m not going,” he said; and after a pause added: “Perhaps
you might ha’ gone if I hadn’t asked you!”
“Oh, I shouldn’t!” she answered, with tears in eyes and voice. “You
know I shouldn’t! I never go anywhere!”
Johnny instantly felt himself a brute. “No,” he said. “I know you
don’t. I didn’t mean anything unkind. But I won’t go.”
“Do you really mean it?”
“Of course. I’m not going without you.” He might have said
something more, but a little group of people came straggling past.
And the girl, with her eyes on this group, said the first thing that
came to her tongue.
“Where will you go then?”
“Oh anywhere. I don’t know. Walk about, perhaps.”
She looked shyly up in his face, and down again. “I might go for a
walk,” she said.
Johnny’s heart gave a great beat. “Alone?” he asked.
“I don’t know. Perhaps.”
But she would be questioned into nothing definite. If she took a
walk, she might go in such and such a direction, passing this or that
place at seven o’clock, or half-past. That was all. And now she
must hurry away, for she had already been too long.
What mattered the dance to Johnny now? A fig for the dance. Let
them dance that liked, and let them dance the floor through if it
pleased them. But how was it that Nora Sansom could take a walk
to-morrow evening, yet could not come to the Institute? That was
difficult to understand. Still, hang the dance!
For Nora it would be harder to speak. Howbeit indeed the
destruction of the looked-for evening’s gladness, in her first fine
frock, had been a bitter thing. But that day her hiding-place had
been discovered, and now the dress that had cost such thoughtful
design and such hopeful labour was lying, rolled and ticketed, on a
pawnbroker’s shelf.
XXVI.

That they must come to Blackwall Pier was assured. For there were
no streets, no crowds, no rumbling waggons; there were the wide
sky and the unresting river, the breeze, the ships, and the endless
train of brown-sailed barges. No unseamanlike garden-seats
dishonoured the quay then, and strolling lovers sat on bollards or
chains, or sat not at all.
Here came Johnny and Nora Sansom when the shrinking arc of
daylight was far and yellow in the west, and the Kentish hills away to
the left grew dusk and mysterious. The tide ran high, and tugs were
busy. A nest of them, with steam up, lay under the wharf wall to the
right of the pier-barge, waiting for work; some were already lighted,
and, on the rest, men were trimming the lamps or running them up,
while a cheerful glow came from each tiny cabin and engine-room.
Rascal boys flitted about the quays and gangways—the boys that are
always near boats and water, ever failing to get drowned, and ever
dodging the pestered men who try to prevent it.
The first star of the evening steadied and brightened, and soon was
lost amid other stars. Below, the river set its constellations as
silently, one after another, trembling and blinking; and meteor tugs
shot across its firmament, in white and green and red. Along shore
the old Artichoke Tavern, gables and piles, darkened and melted
away, and then lit into a little Orion, a bright cluster in the
bespangled riverside. Ever some new sail came like a ghost up
reach out of the gloom, rounded the point, and faded away; and by
times some distant voice was heard in measured cry over water.
They said little; for what need to talk? They loitered awhile near the
locks, and saw the turning Trinity light with its long, solemn wink,
heard a great steamer hoot, far down Woolwich reach. Now the
yellow in the sky was far and dull indeed, and a myriad of stars
trembled over the brimming river. A tug puffed and sobbed, and
swung out from the group under the wharf, beating a glistering tail
of spray, and steaming off at the head of a train of lighters. Out
from the dark of Woolwich Reach came a sailing-ship under bare
spars, drawn by another tug. In the middle of the river the ship
dropped anchor, and the tug fell back to wait, keeping its place
under gentle steam.
They walked on the wharf, by the iron cranes, and far to the end,
under the windows of the abandoned Brunswick Hotel. Here they
were quite alone, and here they sat together on a broad and flat-
topped old bollard.
Presently said Johnny, “Are you sorry for the dance now—Nora?”
And lost his breath at the name.
Nora—he called her Nora; was she afraid or was she glad? What
was this before her? But with her eyes she saw only the twinkling
river, with the lights and the stars.
Presently she answered. “I was very sorry,” she said slowly . . . “of
course.”
“But now—Nora?”
Still she saw but the river and the lights; but she was glad; timid,
too, but very glad. Johnny’s hand stole to her side, took hers, and
kept it. . . . “No,” she said, “not sorry—now.”
“Say Johnny.”
What was before her mattered nothing; he sat by her—held her
hand. . . . “Not sorry now—Johnny!”
Why came tears so readily to her eyes? Truly they had long worn
their path. But this—this was joy. . . . He bent his head, and kissed
her. The wise old Trinity light winked very slowly, and winked again.
So they sat and talked; sometimes whispered. Vows, promises,
nonsense all—what mattered the words to so wonderful a tune?
And the eternal stars, a million ages away, were nearer, all nearer,
than the world of common life about them. What was for her she
knew now and saw—she also: a new heaven and a new earth.
Over the water from the ship came, swinging and slow, a stave of
the chanty:—

“I’m a flying-fish sailor straight home from Hong-Kong—

Aye! Aye! Blow the man down!
Blow the man down, bully, blow the man down—
O give us some time to blow the man down!
Ye’re a dirty Black-Baller just in from New York—
Aye! Aye! Blow the man down!
Blow the man down, bully, blow the man down—
O give us some time to blow the man down!”

Time went, but time was not for them. Where the tug-engineer,
thrusting up his head for a little fresh air, saw but a prentice-lad and
his sweetheart on a bollard, there sat Man and Woman, enthroned
and exultant in face of the worlds.
The ship swung round on the tide, bringing her lights square and her
stem for the opening lock. The chanty went wailing to its end:—

“Blow the man down, bully, blow the man down—

To my Aye! Aye! Blow the man down!
Singapore Harbour to gay London town—
O give us some time to blow the man down!”

The tug headed for the dock and the ship went in her wake with
slow state, a gallant shadow amid the blue.
Soon the tide stood, and stood, and then began its ebb. For a space
there was a deeper stillness as the dim wharves hung in mid-mist,
and water and sky were one. Then the air stirred and chilled, stars
grew sharper, and the Thames turned its traffic seaward.
XXVII.

Happiness never stayed long with Nora Sansom. Little, indeed, had
been her portion, and it was a poor sort at best. But this new joy
was so great that it must needs be short of life; and in truth she saw
good reason. From the moment of parting with Johnny doubts had
troubled her; and doubts grew to distress—even to misery. She saw
no end—no end but sorrow. She had been carried away; she had
forgotten. And in measure as her sober senses awoke she saw that
all this gladness could but end in heart-break and bereavement.
Better, then, end all quickly and have done with the pang. But
herein she misjudged her strength.
Doubts and perplexities assailed Johnny also, though for a time they
grew to nothing sharper. He would have gone home straightway,
proud and joyful, if a little sheepish, to tell his mother the tale of
that evening. But Nora had implored him to say nothing yet. She
wanted time to think things over, she said. And she left him at the
familiar corner, two streets beyond the Institute, begging him to
come no farther, for this time, at anyrate. Next evening was the
evening of the dressmaking class. He saw her for a few minutes, on
her way through those two familiar streets, and he thought she
looked unwell.
A few nights later he saw her again. Plainly she had been crying.
When they came to a deserted street of shut-up wharves he asked
her why.
“Only—only I’ve been thinking!” she said.
“What about?”
“About you, Johnny—about you and me. We—I think—we’re very
young, aren’t we?”
That had not struck him as a difficulty. “Well,” he said, “I don’t know
about that. I s’pose we are, like others. But I shall be out o’ my
time in two years and a half, or not much more, and then—”
“Yes, then,” she said, catching at the word, “p’raps then it will be
different—and—I mean we shall be older and know better, Johnny.
And—now—we can often see one another and talk like friends—and
—” She looked up to read his eyes, trembling.
Something cold took Johnny by the throat, and checked his voice.
“But—what—you don’t mean—that?”
“Yes,” she said, though it was bitter hard. “It’ll be best—I’m sure,
Johnny!”
Johnny gulped, and his voice hardened. “Oh!” he said, “if you want
to throw me over you might say so, in straight English!”
“Oh—don’t talk like that, Johnny!” she pleaded, and laid her hand on
his arm. “It’s unkind! You know it’s unkind!”
“No—it’s only plain an’ honest. I don’t understand this half-and-half
business—seeing each other ‘like friends’ an’ all that.”
One more effort she made to hold her position—but her strength
was near gone. “It’ll be better, Johnny—truly it will! You—you might
meet someone you’d like better, and—”
“That’s my look-out; time to talk about that when it comes. The
other night you let me kiss you, and you kissed me back—told me
you loved me. Now you don’t. Maybe you’ve met someone you like
better.”
She held out no more. Her head fell on his shoulder, and she broke
into an agony of tears. “O Johnny, Johnny, that is cruel! You don’t

Chapter 7 Solution of Fundamental of Financial Accouting by EDMONDS (4th Edition)
50% (4)
Chapter 7 Solution of Fundamental of Financial Accouting by EDMONDS (4th Edition)
152 pages
Credit and Collections: The Real World
From Everand
Credit and Collections: The Real World
John Kovalchek
No ratings yet
Reimers Finacct03 Sm04
No ratings yet
Reimers Finacct03 Sm04
46 pages
Tutorial 7
No ratings yet
Tutorial 7
74 pages
Receivables (Part 1) With Answers
88% (8)
Receivables (Part 1) With Answers
7 pages
Tally Exercise 1
91% (11)
Tally Exercise 1
1 page
Financial Accounting Information for Decisions 7th Edition Wild Solutions Manualdownload
100% (4)
Financial Accounting Information for Decisions 7th Edition Wild Solutions Manualdownload
42 pages
Financial Accounting Information for Decisions 7th Edition Wild Solutions Manual - Fast Download To Start Reading Immediately
100% (5)
Financial Accounting Information for Decisions 7th Edition Wild Solutions Manual - Fast Download To Start Reading Immediately
43 pages
Financial Accounting Information for Decisions 7th Edition Wild Solutions Manual download pdf
100% (3)
Financial Accounting Information for Decisions 7th Edition Wild Solutions Manual download pdf
42 pages
All chapter download Financial Accounting Information for Decisions 7th Edition Wild Solutions Manual
100% (3)
All chapter download Financial Accounting Information for Decisions 7th Edition Wild Solutions Manual
46 pages
Fundamental Accounting Principles 22nd Edition Wild Solutions Manual instant download
100% (3)
Fundamental Accounting Principles 22nd Edition Wild Solutions Manual instant download
47 pages
Fundamental Accounting Principles 22nd Edition Wild Solutions Manualinstant download
100% (7)
Fundamental Accounting Principles 22nd Edition Wild Solutions Manualinstant download
57 pages
Instant Download for Financial Accounting Fundamentals 6th Edition Wild Solutions Manual 2024 Full Chapters in PDF
100% (18)
Instant Download for Financial Accounting Fundamentals 6th Edition Wild Solutions Manual 2024 Full Chapters in PDF
66 pages
Financial and Managerial Accounting 4th Edition Wild Solutions Manual download
100% (2)
Financial and Managerial Accounting 4th Edition Wild Solutions Manual download
54 pages
Financial and Managerial Accounting 4th Edition Wild Solutions Manualinstant download
100% (3)
Financial and Managerial Accounting 4th Edition Wild Solutions Manualinstant download
64 pages
Financial and Managerial Accounting 4th Edition Wild Solutions Manual - Full Version With All Chapters Is Ready For Download
100% (3)
Financial and Managerial Accounting 4th Edition Wild Solutions Manual - Full Version With All Chapters Is Ready For Download
54 pages
Download complete Financial and Managerial Accounting 4th Edition Wild Solutions Manual (DOCX) and get instant access
100% (12)
Download complete Financial and Managerial Accounting 4th Edition Wild Solutions Manual (DOCX) and get instant access
66 pages
Financial and Managerial Accounting 4th Edition Wild Solutions Manual 2024 scribd download full chapters
100% (3)
Financial and Managerial Accounting 4th Edition Wild Solutions Manual 2024 scribd download full chapters
60 pages
Financial Accounting Fundamentals 6th Edition Wild Solutions Manual - Read Online Or Download Now
100% (5)
Financial Accounting Fundamentals 6th Edition Wild Solutions Manual - Read Online Or Download Now
49 pages
Free Access to Financial Accounting Fundamentals 6th Edition Wild Solutions Manual Chapter Answers
100% (24)
Free Access to Financial Accounting Fundamentals 6th Edition Wild Solutions Manual Chapter Answers
51 pages
Reporting and Analyzing Receivables: Questions
No ratings yet
Reporting and Analyzing Receivables: Questions
25 pages
Grade 8 NS Term 3 Questions and answers
No ratings yet
Grade 8 NS Term 3 Questions and answers
24 pages
Financial and Managerial Accounting 2nd Edition Weygandt Solutions Manual download
100% (1)
Financial and Managerial Accounting 2nd Edition Weygandt Solutions Manual download
54 pages
Cash and Receivables
No ratings yet
Cash and Receivables
13 pages
Chap 009
100% (1)
Chap 009
38 pages
Weekly Summary For Self Study - Week 4 (Ch7-Receivables) (Rev F23)
No ratings yet
Weekly Summary For Self Study - Week 4 (Ch7-Receivables) (Rev F23)
3 pages
Porter Chapter 7 Solns
No ratings yet
Porter Chapter 7 Solns
42 pages
Fundamentals of Financial Accounting 5th Edition Phillips Solutions Manualdownload
100% (7)
Fundamentals of Financial Accounting 5th Edition Phillips Solutions Manualdownload
43 pages
Fundamentals of Financial Accounting 5th Edition Phillips Solutions Manual pdf download
100% (1)
Fundamentals of Financial Accounting 5th Edition Phillips Solutions Manual pdf download
67 pages
CH 09 SM
100% (2)
CH 09 SM
54 pages
Fundamentals of Financial Accounting 5th Edition Phillips Solutions Manual instant download
100% (1)
Fundamentals of Financial Accounting 5th Edition Phillips Solutions Manual instant download
64 pages
Financial and Managerial Accounting 6th Edition Wild Test Bankdownload
100% (3)
Financial and Managerial Accounting 6th Edition Wild Test Bankdownload
46 pages
Accounting Assignment 02
No ratings yet
Accounting Assignment 02
10 pages
Pa2 Receivables
No ratings yet
Pa2 Receivables
75 pages
Chapter 6 (1)
No ratings yet
Chapter 6 (1)
5 pages
Chapter 07 - Accounts and Notes Receivable. Chapter Outline
No ratings yet
Chapter 07 - Accounts and Notes Receivable. Chapter Outline
6 pages
Accounting Principles 13th Edition Weygandt Solutions Manual download
100% (2)
Accounting Principles 13th Edition Weygandt Solutions Manual download
56 pages
Fundamentals of Financial Accounting 5th Edition Phillips Solutions Manualdownload
100% (2)
Fundamentals of Financial Accounting 5th Edition Phillips Solutions Manualdownload
49 pages
Accounting Global 9th Edition Horngren Solutions Manual download
100% (1)
Accounting Global 9th Edition Horngren Solutions Manual download
47 pages
Accounting Lecture V Handouts
No ratings yet
Accounting Lecture V Handouts
34 pages
Financial and Managerial Accounting 6th Edition Wild Test Bank - Quickly Download And Experience The Full Content
100% (3)
Financial and Managerial Accounting 6th Edition Wild Test Bank - Quickly Download And Experience The Full Content
54 pages
Accounting Final
No ratings yet
Accounting Final
40 pages
Accounting For RECEIVABLES PDF
No ratings yet
Accounting For RECEIVABLES PDF
3 pages
Financial & Managerial Accounting: Information For Decisions
No ratings yet
Financial & Managerial Accounting: Information For Decisions
80 pages
Intermediate Accounting 2014 FASB Update 15th Edition Kieso Test Bankinstant download
100% (10)
Intermediate Accounting 2014 FASB Update 15th Edition Kieso Test Bankinstant download
42 pages
Chaper 9 Solutions To Students
No ratings yet
Chaper 9 Solutions To Students
49 pages
Libby Chapter 6 Study Notes
No ratings yet
Libby Chapter 6 Study Notes
6 pages
Financial Accounting Global Edition 8th Edition Libby Test Bankdownload
100% (8)
Financial Accounting Global Edition 8th Edition Libby Test Bankdownload
56 pages
14427
No ratings yet
14427
46 pages
Intermediate Accounting, Part 1
No ratings yet
Intermediate Accounting, Part 1
7 pages
Aaccounting Chap 9
No ratings yet
Aaccounting Chap 9
12 pages
Accounting ch9 Solutions Question
No ratings yet
Accounting ch9 Solutions Question
49 pages
The Business Owner's Guide to Reading and Understanding Financial Statements: How to Budget, Forecast, and Monitor Cash Flow for Better Decision Making
From Everand
The Business Owner's Guide to Reading and Understanding Financial Statements: How to Budget, Forecast, and Monitor Cash Flow for Better Decision Making
Lita Epstein
4/5 (4)
Accounting and Marketing: How They Work Together
From Everand
Accounting and Marketing: How They Work Together
Subodh Jain
No ratings yet
The Entrepreneur’S Dictionary of Business and Financial Terms
From Everand
The Entrepreneur’S Dictionary of Business and Financial Terms
Khwaja Masoom
No ratings yet
Managing Trade Credit and Risk
From Everand
Managing Trade Credit and Risk
Shivam Sirohi
No ratings yet
Accounting Workbook For Dummies
From Everand
Accounting Workbook For Dummies
Tage C. Tracy
3/5 (1)
Family Inc.: Using Business Principles to Maximize Your Family's Wealth
From Everand
Family Inc.: Using Business Principles to Maximize Your Family's Wealth
Douglas P. McCormick
5/5 (1)
Principles of Financial Accounting
From Everand
Principles of Financial Accounting
Himadri Deshpande
No ratings yet
A Beginners Guide to QuickBooks Online: The Quick Reference Guide for Nonprofits and Small Businesses
From Everand
A Beginners Guide to QuickBooks Online: The Quick Reference Guide for Nonprofits and Small Businesses
James.W Henson
No ratings yet
Balance Sheet Basics: Financial Management for Nonfinancial Managers
From Everand
Balance Sheet Basics: Financial Management for Nonfinancial Managers
Ronald C. Spurga
3/5 (1)
(Ebook) Precalculus Solutions Manual by Satō, Naoki., Rusczyk, Richard., Rusczyk, Richard. ISBN 9781934124178, 1934124176 download
100% (2)
(Ebook) Precalculus Solutions Manual by Satō, Naoki., Rusczyk, Richard., Rusczyk, Richard. ISBN 9781934124178, 1934124176 download
52 pages
(Ebook) The Resilience and Wellbeing Toolbox: Building Character and Competence through Life’s Ups and Downs by Nawana Parker, Madhavi ISBN 9780367490294, 9780367490287, 9781003044062, 9781000197846, 0367490293, 0367490285, 1003044069, 1000197840 pdf download
100% (2)
(Ebook) The Resilience and Wellbeing Toolbox: Building Character and Competence through Life’s Ups and Downs by Nawana Parker, Madhavi ISBN 9780367490294, 9780367490287, 9781003044062, 9781000197846, 0367490293, 0367490285, 1003044069, 1000197840 pdf download
57 pages
(Ebook) A Short Introduction to Psychoanalysis by Civitarese, Giuseppe, Ferro, Antonino ISBN 9780367415501, 9780367815165, 9781000028188, 9780367415488, 036741550X, 0367815168, 1000028186, 0367415488 download
100% (2)
(Ebook) A Short Introduction to Psychoanalysis by Civitarese, Giuseppe, Ferro, Antonino ISBN 9780367415501, 9780367815165, 9781000028188, 9780367415488, 036741550X, 0367815168, 1000028186, 0367415488 download
57 pages
(Ebook) Origins and Development of the Arab-Israeli Conflict by Lesch, Ann M. instant download
100% (2)
(Ebook) Origins and Development of the Arab-Israeli Conflict by Lesch, Ann M. instant download
49 pages
Financial Accounting IFRS Edition 2nd Edition Weygandt Solutions Manual download
100% (1)
Financial Accounting IFRS Edition 2nd Edition Weygandt Solutions Manual download
40 pages
Financial Accounting The Impact on Decision Makers 10th Edition Porter Solutions Manual download
100% (1)
Financial Accounting The Impact on Decision Makers 10th Edition Porter Solutions Manual download
59 pages
Financial Accounting Global Edition 8th Edition Libby Solutions Manual instant download
100% (1)
Financial Accounting Global Edition 8th Edition Libby Solutions Manual instant download
57 pages
Design and Analysis of Experiments 8th Edition Montgomery Solutions Manual download
100% (1)
Design and Analysis of Experiments 8th Edition Montgomery Solutions Manual download
58 pages
Michael D Nieves - TransUnion Personal Credit Report - 20140730
No ratings yet
Michael D Nieves - TransUnion Personal Credit Report - 20140730
5 pages
Commercial Promissory Note
No ratings yet
Commercial Promissory Note
12 pages
Resume Jane Kyla Natividad - Bed
No ratings yet
Resume Jane Kyla Natividad - Bed
2 pages
AS 11
No ratings yet
AS 11
17 pages
(Ebook) Short Course in International Payments : Letters of Credit, Documentary Collections and Cyber Payments in International Transactions by Edward G. Hinkelman ISBN 9781607800828, 1607800829 - Download the ebook now for the best reading experience
100% (1)
(Ebook) Short Course in International Payments : Letters of Credit, Documentary Collections and Cyber Payments in International Transactions by Edward G. Hinkelman ISBN 9781607800828, 1607800829 - Download the ebook now for the best reading experience
61 pages
Pre Contract
No ratings yet
Pre Contract
51 pages
Aiboc PPT Umesh
No ratings yet
Aiboc PPT Umesh
73 pages
5013c Filing Procedure
No ratings yet
5013c Filing Procedure
8 pages
Loan Agreement With Security
No ratings yet
Loan Agreement With Security
2 pages
Introduction To Macro and Micro Economics
No ratings yet
Introduction To Macro and Micro Economics
3 pages
UTI Quant Fund (2)
No ratings yet
UTI Quant Fund (2)
48 pages
Micro Economics Questions
100% (1)
Micro Economics Questions
51 pages
Premises on Rental Policy
No ratings yet
Premises on Rental Policy
10 pages
Sweep Out Facility
No ratings yet
Sweep Out Facility
3 pages
(At) 03 Planning
No ratings yet
(At) 03 Planning
14 pages
1 - Interest Rates and Interest Rate Instruments Part II
No ratings yet
1 - Interest Rates and Interest Rate Instruments Part II
62 pages
Summer Internship of Angel Broking
0% (1)
Summer Internship of Angel Broking
11 pages
Part 2: Schedule of Requirements Section 6: Schedule of Requirements
No ratings yet
Part 2: Schedule of Requirements Section 6: Schedule of Requirements
17 pages
Transaction Details PayPal
No ratings yet
Transaction Details PayPal
1 page
Affidavit of Consolidation
No ratings yet
Affidavit of Consolidation
2 pages
Gr 11 Acc 3in1 Extract Mar 2024
No ratings yet
Gr 11 Acc 3in1 Extract Mar 2024
19 pages
5 6248879817396060958
No ratings yet
5 6248879817396060958
6 pages
Application and Comparison of Classification Techniques in Controlling Credit Risk
0% (1)
Application and Comparison of Classification Techniques in Controlling Credit Risk
16 pages
Railway Budget by Mamta Banerjee 2010
No ratings yet
Railway Budget by Mamta Banerjee 2010
6 pages
CH 11 Lessee Accounting - Other Issues
No ratings yet
CH 11 Lessee Accounting - Other Issues
4 pages
10 Assignmt of Contract Proceeds (LEG-049) 260614
No ratings yet
10 Assignmt of Contract Proceeds (LEG-049) 260614
64 pages
SANGO 8
No ratings yet
SANGO 8
1 page
KEC Corporate Presentation
No ratings yet
KEC Corporate Presentation
33 pages
Challan
No ratings yet
Challan
1 page