Reference no: EM132981121
Question: Consider the following situations for Shocker:
1. On November 28, 2021, Shocker receives a $3,750 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited.
2. On December 1, 2021, the company pays a local radio station $2,550 for 30 radio ads that were to be aired, 10 per month, throughout December, January, and February. Prepaid Advertising is debited.
3. Employee salaries for the month of December totaling $7,500 will be paid on January 7, 2022 4. On August 31, 2021, Shocker borrows $65,000 from a local bank.
A note is signed with principal and 6% interest to be paid on August 31, 2022
Required: Indicate by how much the assets, liabilities, and stockholders' equity in the December 31, 2021, balance sheet is higher or lower if the adjustment is not recorded. {If none of the categories apply for a particular item, leave the cell blank.)
|
Reimaging global hr operations
: Re-imagining Global HR Operations in the COVID19 environment *Include at least 4 concepts/key terms, e.g., Knowledge work, Human capital, Performance management
|
|
What has experience with patient involvement in treatment
: Changes in culture and technology have resulted in patient. What has your experience been with patient involvement in treatment or healthcare decisions?
|
|
Possible impacts of the escalated customer complaints
: 1. Identify and evaluate at least three (3) possible impacts of the escalated customer complaints on the businesses reputation if this issue is not resolved swi
|
|
Discuss what is non-profit organization
: Discuss what is non-profit organization? What are the accounting standards used in non-profit organization
|
|
Assets, liabilities, and stockholders equity
: How much the assets, liabilities, and stockholders' equity in the December 31, 2021, balance sheet is higher or lower if the adjustment
|
|
Psychology in the workplace and change management
: You are a new health and safety manager coming to work for ACME Widgets. There have been several health and safety managers hired previously (6 in the past 3 ye
|
|
What is the cost of direct materials used
: Return of raw material $ 3,000, purchase discount S 3,000, and transportation $10,000. What is the cost of direct materials used
|
|
Why is important for a mother to see newborn right
: Why is important for a mother to see newborn right after birth? Explain. What do you think is correct or incorrect about your partner
|
|
Describe medigap
: Describe Medigap. Please give reference
|