Accountant made adjusting entries at the end of the period

Assignment Help Financial Management

Reference no: EM13952231

X Company's accountant made adjusting entries at the end of the period for the following reasons:

$1,157 of unpaid interest on a bank loan,

$586 of wages that were earned by employees but not paid, and

$1,490 of insurance that expired.

As a result of these entries, total equities decreased by_____

Reference no: EM13952231

Questions Cloud

Estimate the radius of the asteroid if it has an albedo : A newly discovered faint asteroid and Mars are observed at opposition. Mars is observed to be 100 million times brighter than the asteroid. Assume Mars and the asteroid are 1.5 and 3.0 AU from the Sun respectively. Estimate the radius of the aster..

Estimate budgeted cash receipts for april : Estimate budgeted cash receipts for April, May, and June.

Definition of service : State your personal definition of service, and give an example of a time when you received quality service and an example of when you did not receive quality service. Determine what they could have done to correct the quality of service.

What was her monthly mortgage payment : Jayne purchased a home for $240,000.00 with a down payment of $48,000.00. The rate of interest was 5-3/4 for 30 years. What was her monthly mortgage payment?

Accountant made adjusting entries at the end of the period : X Company's accountant made adjusting entries at the end of the period for the following reasons: As a result of these entries, total equities decreased by_____

What is the greatest value w can have before loose rocks : Suppose the asteroid spins about an axis through its center, like the Earth, with an angular speed w. What is the greatest value w can have before loose rocks on the asteroid's equator begin to fly off the surface?

What is required to apply it into business : Does business need IT? Why IT is important for business survival? What is required to apply IT into business? (Cost, planning, designing, equipment, installation, training, etc) How does business use IT? (internally such as staff, employees, and exte..

Calculate the generated emf and the load angle : Calculate the generated e.m.f. And the load angle if the generator operates at its full load under Lagging power factor of 0.82.

Problems associated with using roi as performance measure : ROI has been so popular in many companies around the world almost for a century. Why do you think that was the case? What are the problems associated with using ROI as a performance measure? Do you recommend any other financial measures to be used? W..

User Account

All Pages