Before making its year-end adjustments the net income for

Assignment Help Accounting Basics
Reference no: EM13595942

Before making its year-end adjustments, the net income for Barton Company was $98,000. Adjusting entries are necessary for the following items:

1. Salaries owed to employees at year-end but still unpaid amount to $4,000

2. Interest accrued to December 31 on deposits in the bank totaled $7,000

3. Revenues earned in December that were collected in advance (i.e., prior
to December) totaled $2,800.

Calculate Barton Company's net income for the year after the necessary adjustments are made

Reference no: EM13595942

Questions Cloud

Determine the effect on the companys total net operating : ries corporation has received a request for a special order of 8000 units of product r34 for 34.60 each. the normal
During october alcorn company had 109750 of cash receipts : during october alcorn company had 109750 of cash receipts and 107555 of cash disbursements. the october 31 cash balance
The higher heating value hhv of a fuel is its standard heat : the higher heating value hhv of a fuel is its standard heat of combustion at 25 c with liquid water as a product the
The area of the patio is 90 square meters if the bricks : the area of the patio is 90 square meters. if the bricks measure 20 centimeters by 4 centimeters how many bricks will
Before making its year-end adjustments the net income for : before making its year-end adjustments the net income for barton company was 98000. adjusting entries are necessary for
Galati products also has an assembly division that : galati products inc. has just purchased a small company that specializes in the manufacture of electronic tuners that
Describe how a linear sequence of amino acids gives rise to : describe how a linear sequence of amino acids gives rise to the three-dimensional structure of proteins. detail the
A square is divided into 3 pieces of equal area by 2 : questionnbsp a square is divided into 3 pieces of equal area by 2 parallel lines diagonally. the distance between the
Mark was injured in an auto accident the insurance company : mark was injured in an auto accident. the insurance company is offering a settlement of 450000 to be paid in a lump sum

Reviews

Write a Review

Accounting Basics Questions & Answers

  Company forecasts the free cash flows

A company forecasts the free cash flows (in millions) shown below. The weighted average cost of capital is 13%, and the FCFs are expected to continue growing at a 5% rate after Year 3.

  Derivation from prices in observed transactions

The fair value of which of the following was determined using a Level 3 input? A building whose price per square foot is derived from prices in observed transactions involving similar buildings in similar locations.

  Grading companys cash and cash equivalents consist of cash

grading companys cash and cash equivalents consist of cash and marketable securities. last year the companys cash

  Find out the variable and fixed cost components of firms

luke ricci cpa is the owner of a firm that provides tax services. the firm charges 50 per return for the direct

  Calculate the present worth of future cash flow

How long will this product be profitable?  All the above estimates are in constant value dollars so that inflation has been accounted for.  If the interest rate is 12%, what is the PW of this product?

  Question 1timbatown pty ltd is a manufacturer of timber

question 1timbatown pty ltd is a manufacturer of timber tables and chairs. the company mostly sells on a retail basis

  What is the amount of the overall tax

For the current year, Maple Corporation, a C corporation, reports taxable income of $200,000 before paying salary to its sole shareholder, Diane.

  Explain the advantages and disadvantages of using analysis

discuss the advantages and disadvantages of using analysis trees. do you think using an analytical tree approach would

  What is the expected return on the stock

The two factor model on a stock provides a risk premium for exposure to market risk of 12%, a risk premium for exposure to silver commodity prices of 3.5% and a risk free rate of 4.0%. What is the expected return on the stock?

  How much of the payments will be included in len taxable

len is entitled to receive monthly payments of 1,500 over his life from his employer's qualifield pension plan the payments begin january 1, 2011 he contributed 71,500 to the plan prior to his retirement at age 62. using the simplified method, how..

  Arun company has had poor operating results for the past

arun company has had poor operating results for the past two years. as the accountant for arun company you have the

  Cmpute the current ratio current cash debt coverage

nordstrom inc. operates department stores in numerous states. suppose selected financial statement data in millions for

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd