New Year's Dishonor List Day 2018 is on Monday, January 1, 2018: Price drop of games ?

Monday, January 1, 2018 is New Year's Dishonor List Day 2018. New Year's Dishonor List Day - Giftypedia New Year's Dishonor List Day

Price drop of games ?

I look around. There's really no best day to get games at the best discount.

Sign up to receive emails from stores that sells video games. For example, this week, I got an email from toys r us saying that I can get some fairly new games (diablo 3, rayman legends, blacklist, and several others) for 60 with a $10 gift card. Anyway, went there to pick up diablo 3, but there was a promotion that said I can get 2 games on the list and get a $40 gift card, so in a way I got 2 games for 80.

Sometimes best buy has a buy 2, get 1 free.

For PSN games, join PSN+ and sometimes you can get some good games for free or at a deep discount.

Amazon Gold Box

Accounting-Singletary Company had the following select transactions?

Accounting-Singletary Company had the following select transactions?

6. Singletary Company

Apr.1,2010Accepted Wilson Company's 1-year, 12% note in settlement of a $20,000 account receivable.

Dr Notes receivable $20,000

Cr Account receivable $20,000

July1,2010Loaned $25,000 cash to Richard Dent on a 9-month, 10% note.

Dr Notes receivable $25,000

Cr Cash $25,000

Dec.31,2010Accrued interest on all notes receivable.

Dr Interest receivable $1,800 ($20,000 x 12% x 9/12)

Cr Interest revenue $1,800

(To record interest on April 1 note - 9 months)

Dr Interest receivable $1,250 ($25,000 x 10% x 6/12)

Cr Interest revenue $1,250

(To record interest on July 1 note - 6 months)

You can combine the above if you wish.

Apr.1,2011Received principal plus interest on the Wilson note.

Dr Cash $22,400

Cr Notes receivable $20,000

Cr Interest receivable $1,800

Cr Interest revenue $600 (Full year's interest is $2,400, less $1,800 already taken up)

Apr.1,2011Richard Dent dishonored its note; Singletary expects it will eventually collect.

Dr Accounts receivable $26,875

Cr Notes receivable $25,000

Cr Interest receivable $1,250

Cr Interest revenue $625 (9 mths' interest $1,875 less $1,250 already taken up)

7. Wall Inc.

Total.......... .......... ....... 0-30 .. /. 31-60 ./ . 61-90./ 91-120/ Over 120

Accounts receivable $200,000/$77,000/$46,000/$39,000/$23,000

% uncollectible .......... ....2% ./ ....5% ../ ....8% ../ ...10% ./ ...15%

Amt uncollectible ...... $4,000/ $3,850/ .$3,680./$3,900/ .$3,450 ==>total $18,880

a) Calculate the total estimated bad debts based on the above information

$18,880, as above

b)Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined in the question above. Assume the current balance in Allowance for Doubtful Accounts is a $8,000 debit

Dr Bad debts expense $26,880

Cr Allowance for Doubtful Accounts $26,880

c) Of the above accounts, $5,000 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account.

Dr Allowance for Doubtful Accounts $5,000

Cr Accounts receivable $5,000

d)The company collects $5,000 subsequently on a specific account that had previously been determined to be uncollectible in the question above. Prepare the journal entry(ies) necessary to restore the account and record the cash collection

Dr Accounts receivable $5,000

Cr Allowance for Doubtful Accounts $5,000

(to restore the account)

Dr Cash $5,000

Cr Accounts receivable $5,000

(to record the cash collection)

Agoda
Holidays also on this date Monday, January 1, 2018...