Reference no: EM131138964
Colin Mochrie Company has the following balances in selected accounts on December 31, 2010.
Consulting Revenue....... $40,000
Insurance Expense......... 2,100
Supplies Expense........ 2,450
All the accounts have normal balances. Colin Mochrie Company debits prepayments to expense accounts when paid, and credits unearned revenues to revenue accounts when received. The following information below has been gathered at December 31, 2010.
1. Colin Mochrie Company paid $2,100 for 12 months of insurance coverage on June 1, 2010.
2. On December 1, 2010, Colin Mochrie Company collected $40,000 for consulting services to be performed from December 1, 2010, through March 31, 2011.
3. A count of supplies on December 31, 2010, indicates that supplies of $800 are on hand.
Instructions
Prepare the adjusting entries needed at December 31, 2010.
|
How did the development influence american culture
: How did each development influence American culture? What is meant by the term media convergence, and how has it affected everyday life?
|
|
During the execution of project
: During the execution of a project, a risk is identified by a team member. This newly identified risk is currently not in the Risk Register. As a Project Manager, what is the first action you would take after being notified of the risk?
|
|
How this segmentation affects the terms and conditions
: The commercial loan market is segmented between investment-grade borrowers and non-investment grade borrowers. Explain what this means and how this segmentation affects the terms and conditions of loans to each type
|
|
Write a paper that describe area of specialization
: Write a paper that addresses the following: - Describe your area of specialization.- describe how the application of their theories can impact your work practices.
|
|
Colin mochrie company has the following balances
: On December 1, 2010, Colin Mochrie Company collected $40,000 for consulting services to be performed from December 1, 2010, through March 31, 2011.
|
|
Hr issues or claims
: SUMMARIZE in your own words the “HR ISSUES OR CLAIMS” mentioned in the article. PROVIDE COMMENTS which supports that the "HR ISSUE OR CLAIM” from the employer or employee identified above is CREDIBLE and VALID
|
|
What would be the selling price of the bond
: The stated rate of a three year $100,000 annual bond is 10%. The effective rate of interest is 9%. What would be the selling price of the bond? How much cash was used to pay wages for the period?
|
|
What is the average of these five amounts
: What is the average of these five amounts?
|
|
The adjusted trial balance for garcia company
: The adjusted trial balance for Garcia Company is given in E3-13. Instructions. Prepare the income and owner’s equity statements for the year and the balance sheet at August 31.
|