2024 – I need these answered by Friday at 8am Willing to pay 20

WyliePLus Accounting Homework – 2024

I need these answered by Friday at 8am.  Willing to pay $20.  Not interested or comfortable giving log in info to site…looking for answers only.  

 

 

Brief Exercise 9-11

Partially correct answer. Your answer is partially correct.  Try again.
   
Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $979.0; land $237.8; patents and trademarks (at cost) $545.8; machinery and equipment $2,110.8; buildings $966; goodwill (at cost) $190.2; accumulated amortization $47.0; and accumulated depreciation $2,167.

Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Equipment.)

NIKE, INC.
Partial Balance Sheet
As of May 31, 2014
(in millions)
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Journalize the adjusting entry for bad debts at December 31, 2014, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $1,400 and the aging schedule indicates that total estimated bad debts will be $48,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation
Debit
Credit
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