User Account

All Pages

Complete the adjustments and the adjusted trial balance

Assignment Help Accounting Basics
Reference no: EM133153290

Question - Last Stop Truckstop has completed all of its journal entries for the month of September 2016, and posted them to the general ledger. An unadjusted trial balance has been prepared. The following adjustments must be entered.

Sep 30 The amount of prepaid insurance is for 12 months. One month has been used.

Sep 30 Depreciation for the month on equipment was $140.

Sep 30 Unearned revenue of $980 has now been earned.

Sep 30 A count of office supplies shows that $980 remains.

Required - Using the following unadjusted trial balance, complete the adjustments and the adjusted trial balance in the worksheet.

Reference no: EM133153290

Questions Cloud

Dilemma between ethical obligations towards society : "Corporate Social Responsibility (CSR) is said to be resting on a fundamental dilemma: a dilemma between ethical obligations towards society versus economic dut
Govern social responsibility in business : Ethics, governance and corporate crime: Challenges and consequences. Emerald Group Publishing. (pp. 1-17).
What amount should joey report as prior period adjustment : Both the P170,000 and the P130,000 are net of related income taxes. What amount should Joey report as prior period adjustment in 2023
Identify the single cell that contains the values : The row input cell is where you identify the single cell that contains the values being changed not the range of values being changed
Complete the adjustments and the adjusted trial balance : Using the following unadjusted trial balance, complete the adjustments and the adjusted trial balance in the worksheet
Establish a production schedule that minimizes production : a. Establish a production schedule that minimizes production and inventory costs and satisfies the labor-smoothing, demand, and inventory requirements.
How do you convert net income to a cash flow : Calculate the after-tax yield on a $10,000 investment with a 6% return and a 33% tax rate.
Explain the flywheel effect : 1. Explain the flywheel effect. Why was the flywheel effect in the great companies?
Compute the synergy and the npv of the acquisition : Question 1 - Penn Corp. is analyzing the possible acquisition of Teller Company. Compute the synergy and the NPV of the acquisition

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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