The document outlines several accounting problems, including the journalization of transactions, adjustments for bad debt expense, and calculations related to accounts receivable. Specific tasks involve posting amounts to T-accounts, preparing journal entries, and determining financial ratios such as accounts receivable turnover. Additionally, it includes the preparation of a partial balance sheet and computations for accumulated depreciation of multiple assets.

1. Problem 8-2B
(a) Journalize the transactions, including explanations.
(Note, enter all accounts in one box.
The dates have been included to help with formatting).
Date
Account Titles and Explanation
Debit
Credit
1
2

2. 3
4

3. 5
(b) Enter the January 1, 2014 balances in Accounts Receivable
and Allowance for Doubtful Accounts. Post the transactions to
the ledger T Accounts
Be sure to post the amounts to the correct side of the T-
Account!
Accounts Receivable
Bal.

4. (2)
(1)
(3)
(5)
(4)
(5)
Bal.
Allowance for Doubtful Accounts
(4)
Bal.
(5)
Bal.
(c)
Prepare the journal entry to record bad debt expense for 2014,
assuming that aging the accounts receivable indicates that
expected bad debts are $140,000.
Balance needed
...............................................................................
$
Balance before adjustment [see (b)]
................................................

5. Adjustment required
.......................................................................
$
The journal entry would therefore be as follows:
(d) Accounts Receivable Turnover Ratios:
Enter your answer here
Average Collection Period:
Enter your answer here
Problem 8-6B
(a) Journalize the transactions, including explanations.
(Note, enter all accounts in one box.
The dates have been included to help with formatting).
Date
Account Titles and Explanation

6. Debit
Credit
5
20

7. Feb
18
Apr
20
30

8. May
25
Aug
18

9. Sept.
1

10. Problem 9-2B
(a) Journalize the transactions, including explanations.
(Note, enter all accounts in one box.
The dates have been included to help with formatting).
If there are two entries for the same day, then you do not need
to enter the date again.
Date
Account Titles and Explanation
Debit
Credit
April
1

11. May
1
May
1

12. June
1
Sept

13. 1
PART B
Dec
31

14. 31
(c)
Partial Balance Sheet
TONG CORPORATION
Partial Balance Sheet

15. December 31, 2014
Assets
Plant assets
Account title
Amount
Account title
Amount
Account title
Amount
Account title (or contra account)
Amount
Total plant assets
Amount
Problem 9-7B
(a)

16. BUS 1
Year
Computation
Accumulated Depreciation
Amount
Amount
Amount
BUS 2
Year
Computation
Accumulated Depreciation
Amount
Amount
Amount
BUS 3
Year
Computation
Accumulated Depreciation
Amount

17. Amount
Amount
(b)
BUS 2
Year
Depreciation Expense
Amount
Amount