Reference no: EM13949579
Make the year end, 12-31-12, general journal adjustments for May-berry Mold Company.
Company only prepares adjustments and financial statements once a year on 12-31.
Here is this information to make the adjustments:
1. Supplies acct. balance is now 3,110 but an inventory shows on hand...... 875.00
2. On 12-1-12 we were paid 2,000 up front for a job we will finish sometime in 2013. On 12-31-12 this job is 85% completed. The orig. collection was credited to unearned rev.
3. For the year, Depreciation on Machinery is 3,200 and on Office Furniture 2,000
4. At 12-31-12 20% of a 15,000 service was completed but cannot be invoiced until March, 2013.
5. On 3-1-12 Company paid for a one yr. liab. insurance policy where coverage begins 3-1-12. Paid and Debited to the acct. Prepaid Insurance ........... 3,150.00
6. Company wages are 9,000 a week, paid weekly on Monday for the previous week worked.
Assume Dec 31, 2012 falls on a ................ Wednesday
7. During the year the company borrowed money from a bank. Interest will be paid 8-06-13 but accrued int @ 12-31-12 is ..... 275.00
What is the purpose for the second stage
: The repeated-measures analysis of variance can be viewed as a two-stage process. What is the purpose for the second stage? Compare the repeated-measures analysis of variance with the regular ANOVA.
|
What type of information would jordan want to keep track
: If Jordan charges a price that is one-and-one-half times cost, what price is charged for each home? What type of information would Jordan want to keep track of on a simple labor time ticket?
|
Why does popcorn pop
: 1. Why does popcorn pop? 2. A plastic milk jug filled with water and stored within a freezer ruptures. Why? 3. Apart from keeping food and beverages cool, what are other uses for dry ice?
|
Relationship between the department of homeland security
: Per the text, a poor working relationship between the Department of Homeland Security and FEMA contributed to the failed response to the devastation Hurricane Katrina caused. Take a position on this statement, and provide a rationale and examples ..
|
Company only prepares adjustments and financial statements
: During the year the company borrowed money from a bank. Interest will be paid 8-06-13 but accrued int @ 12-31-12 is ..... 275.00
|
Calculate the balance in work in process at the end of month
: Calculate the balance in Work in Process at the end of the month. Calculate the balance in Finished Goods at the end of the month. Calculate Cost of Goods Sold for the month.
|
Determine the maximum theoretical value
: An inventor claims to have devised a refrigeration cycle operating between hot and cold reservoirs at 300 K and 250 K, respectively, that removes an amount of energyQC by heat transfer from the cold reservoir that is a multiple of the net work inpu..
|
Find the degrees for freedom for factor a, factor b
: Write out the contrast for comparing the PowerPoint presentation without audio to the smart-board presentation with audio in terms of the ANOVA model parameters α,β, and (αβ).
|
Cold and hot reservoirs
: 1. A reversible refrigeration cycle operates between cold and hot reservoirs at temperatures TC and TH, respectively. (a) If the coefficient of performance is 3.5 and TH 5 808F, determine TC, in 8F.
|