Employ the following account titles service revenue

Assignment Help Accounting Basics
Reference no: EM13394483

The bookkeeper for Bradbury Company asks you to prepare the following accrued adjusting entries at December 31.

1.


Interest on notes payable of $400 is accrued.

2.


Services provided but not recorded total $1,900.

3.


Salaries earned by employees of $900 have not been recorded.

Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable.

Reference no: EM13394483

Questions Cloud

Write a plan which will assess effectiveness of market : 1.outline a plan that will assess the effectiveness of the market structure for the companys operations.2.suppose the
Analyze the pricing strategy relative to the companyrsquos : you created a fictional start-up company entering a foreign non u.s. market with a good or service. here you will
As a quality analyst you are also responsible for : as a quality analyst you are also responsible for controlling the weight of a box of cereal. the operations manager
Assess whether or not you believe a us-based company : 1 assess the value of having a supplier code of conduct when outsourcing operational functions to international markets
Employ the following account titles service revenue : the bookkeeper for bradbury company asks you to prepare the following accrued adjusting entries at december
Explain how the financial markets can be utilized by your : explain how the financial markets can be utilized by your company in the united states.middot assess the role of ethics
Select one of the given scenarios and explain how you would : you have just been hired as the new director of tinkerbells kindercare. you are familiar with food safety principles
Indicate the type of adjustment prepaid expenses accrued : moteki company accumulates the following adjustment data at december 31.indicate the type of adjustment prepaid
Project managers whenever engaging stakeholders use : project managers when engaging stakeholders use techniques mentioned in this module. are some of these techniques

Reviews

Write a Review

Accounting Basics Questions & Answers

  What do you think were the possible reasons

Both Mr. Jones and Mrs. Green earned $50,000 gross in 2009. Yet, Mr. Jones owed IRS $600 on his tax return while the IRS owed Mrs. Green $600 on her tax return.

  Deviance in public accounting firms

How has public criticism of the Public Accounting Profession contributed to workplace deviance? What solution are there to decrease deviance in public accounting firms? At least 150 words, thanks for your help in this matter.

  Interest in continuing the partnership

Barry owns a 25% interest in a continuing partnership. the partnership distributes a $20,000 year-end cash bonus to all the partners. in a proportionate nonliquidating distribution, the partnership also distributed property (basis of $2,000; fair ..

  Heather and terry have a mortgage on their primary residence

Heather & Terry have a mortgage on their primary residence of $750,000 and a mortgage on their vacation home of $410,000. In 2013, they incurred $46,400 of mortgage interest expense. How much, if any, of that interest is deductible on Schedule A?

  Gross profit (loss) recognition

Requirement 1 ($ in millions) 2011 2012 2013 Contract price $340 340 340 Actual costs to date $70 150 200 Estimated costs to complete $150 90 0 Total estimated costs $220 240 200 Estimated gross profit (actual in 2013) $ 120 100 140

  Estimated revenues control account

The estimated revenues control account of star city general fund is eliminated when:

  Prepare the necessary journal entries

Prepare the necessary journal entries for the years ending December 31, 2009, 2010, and 2011. Show all computations.

  Why are noncash transactions such as the exchange of common

why are noncash transactions such as the exchange of common stock for a building for example included on a statement of

  Net income

Chen, Inc. purchases 1,000 shares of its own previously issued $5 per common stock for $12,000. Assuming the shares are held in the treasury, what effect does this transaction have on (a) net income, (b) total assets, (c) total paid-in capital,..

  Units conversion costs for the current period

Barnes and Miller manufacturing is trying to determine the equivalent units for coversion costs with 3000 units of ending work in process at 80% completion and 14000 physical units. there are no beginning units in the department.conversion costs o..

  Excuses formissed appointments

Randy has been asked to develope an estimate of the perunit selling price (the price that each unit will be sold for) on a new line of hand crafted booklets that offer excuses formissed appointments.

  Challenges related to comparing financial statement

Discuss the challenges related to comparing financial statement prepared in different accounting methods. For example, US GAAP and IFRS.

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