User Account

All Pages

Calculate the total revenue after adjusting the entries

Assignment Help Financial Management
Reference no: EM132363364

Making any month-end adjusting entries. The following data are provided regarding adjusting entries.

(A.) Portion of insurance expiring in May, $2,520.

(B.) A customer has used the facilities for two weeks in May; the fee of $4,200 has not yet been billed.

(C.) Amount owed for salaries accrued in the last week of May, $1,650.

(D.) Depreciation on equipment for May $1,290.

(E.) Supplies used in May, $13,125.

(F.) Fees collected in advance which have been earned during May, $23,400.

Complete the schedule to determine the net income of Ocean View Inc. for May after these adjustments have been recorded. Begin your schedule with income before adjusting entries and then show the effect of each adjustment to arrive at net income after adjustment.

Income before adjusting entries.

Adjustments..........

Net income after adjustments.....

1) Calculate the total revenue after adjusting the entries.

2) Calculate total expenses after adjusting entries are made.

3) What is the total net income after adjustments.

Reference no: EM132363364

Questions Cloud

Prepare the income statement and the balance sheet : Prepare the income statement, the balance sheet, and the statement of cash flows for General Mills for the fiscal year ended May 2018.
Develop a human activity recognition IoT application : COMP255 Software Engineering Assignment: SDLC For Human Activity Recognition Project, Macquarie University, Australia. Develop a human activity
Identify how those consequences affect financial statements : Could you identify how those consequences affect the financial statements of the company? What will be your reporting method?
Creating a program for a pizza shop : Perform internal correctness checking of data and those which do not - effect on the usefulness of a programming language in terms of factors such as its speed
Calculate the total revenue after adjusting the entries : Complete the schedule to determine the net income of Ocean View Inc. for May after these adjustments have been recorded.
What is the current interest payment and par value : A 3.00 percent TIPS has an original reference CPI of 170.6. If the current CPI is 205.9, what is the current interest payment and par value of the TIPS?
What is the effect of the payment on the total amount : What is the effect of the payment on the total amount of the seller's (1) assets, (2) liabilities, and (3) stockholders equity?
Zero-padding and filtering effects on the signal spectrum : Discuss the zero-padding and filtering effects on the signal spectrum and Use the cubic spline interpolation in MATLAB to interpolate the signal "y"
What should the current rate be on two-year treasury : You expect that one year from now, one-year Treasury bill rates will increase to 5.40 percent. The liquidity premium on two-year securities is .160 percent.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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