New Year's Dishonor List Day 2019 is on Tuesday, January 1, 2019: Price drop of games ?
Tuesday, January 1, 2019 is New Year's Dishonor List Day 2019. New Year's Dishonor List Day - Giftypedia New Year's Dishonor List Day
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.
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)