Exercise Cycles Company Sells Exercise Equipment To Gyms On Account

Our knowledge of cardio equipment strength equipment gym packages and accessories makes us the number 1 company in the world. A company has a fiscal year end of december 31.

Solved Xercise Cycles Company Sells Exercise Equipment To

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Our company rebuilds and re sells commercial grade fitness equipment to commercial gyms in jamaica.

Exercise cycles company sells exercise equipment to gyms on account. We have been in business for the last 20 years and have extensive experience in the remanufactured fitness industry. Johnson fitness wellness stores offer the best selection of home exercise equipment. Principal and interest at 9 are due in one year.

At year end the following accounts receivable were uncollected required. 1 calculate the number of days unpaid using the excel days function fx. Having the right fitness equipment can help you work towards goals that include losing weight toning muscles and other important health objectives.

Xercise cycles company sells exercise equipment to gyms on account and has provided its accounts receivable balances that were uncollected at the year end. We accept trade ins for all types of exercise equipment including cardio machines strength machines and fitness accessories like dumbbells and benches. Sears has the best exercise cycles.

Build your own private workout area in the garage basement or whatever extra space you have in your home with strength training machines exercise cycles yoga mats and more. Minimum trade in value is based on a large cardio or strength machine treadmill elliptical exercise bike rower or home gym in good working condition. 1 xercise cycles company sells exercise equipment to gyms on account.

We have been in business for the last 20 years and have extensive experience in the remanufactured fitness industry. Find exercise bikes from top brands like proform and nordictrack. 1 on october 1 14400 was paid for a one year fire insurance policy.

And 3 equipment costing 63000 was purchased at the beginning of the year for cash. 4 1 calculate the number of days unpaid using the excel days function fx number of customer amount invoice date todays date days unpaid 8 fitness mania 9 health for life 10 holistic health. 2 on june 30 the company lent its chief financial officer 12000.

Number of customer amount invoice date todays date days unpaid 517201612312016 fitness mania. Our knowledge of cardio equipment strength equipment gym packages and accessories makes us the number 1 company in the world. At year end the following accounts receivable were uncollected 3 required.

With over 90 retail showrooms throughout the united states were the nations premiere retailer for exercise equipment. Our company rebuilds and re sells commercial grade fitness equipment to commercial gyms in new england. The controller has asked you to prepare an aging of accounts receivable schedule and related adjusting journal entries.

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