Reference no: EM132809750
The following are account balances of Graham Corpora on:
Account Title Amount in Balance Unadjusted are
Trial Balance Adjustment
Interest Receivable $ -0- $110
Prepaid Insurance 1,800 600
Interest Payable -0- 90
Salaries Payable -0- 450
Unearned Rent 700 200
Required:
Problem a. Enter the unadjusted balance for each account in the following T-accounts: Interest Receivable,
Prepaid Insurance, Interest Payable, Salaries Payable, Unearned Rent, Interest Earned,
Rent Earned, Insurance Expense, Interest Expense, and Salaries Expense.
Problem b. Reconstruct the adjusting entry that must have been recorded for each account.
Problem c. Post these adjusting entries and agree ending balances in each T-account to the adjusted balances above.
Problem d. List revenue and expense amounts for the period.
|
Performance management and learning management systems
: 1.) arun has worked in Compensation, Hiring, Training, Performance Management and Learning Management Systems for the past 5 years in the same organisation.
|
|
Find what is total net effect of the errors on the amount
: An insurance premium of $90,000 was prepaid in 2020, What is the total net effect of the errors on the amount of Langley's working capital at December 31, 2021?
|
|
What intangible assets to be recognized in the statement
: Jollibee sold Patent B in an exchange for a P 5,000,000. What Intangible assets to be recognized in the statement of financial position as of December 31, 2020
|
|
What is the amount of income tax expense for sheridan co
: Sheridan Company has a tax rate of 20% and income taxes payable of $190000 at the end of 2021. What is the amount of income tax expense for 2021?
|
|
Find and list revenue and expense amounts for the period
: Enter the unadjusted balance for each account in the following T-accounts: Interest Receivable, List revenue and expense amounts for the period.
|
|
Find balance at the end of the year for share premium is
: If the beginning balance of the share capital for the year was $100,000. The balance at the end of the year for share premium is
|
|
What moorman should report retained earnings
: What Moorman should report retained earning, 31/12/10, as adjusted at? Correction of understatement of depreciation expense in prior years, net of tax $ 430,000
|
|
Would record a change in cash of depreciation
: If you are setting up a worksheet for a Statement of Cash Flows, Would record a change in cash of depreciation as that positive number?
|
|
Define liquidity coverage ratio
: Define in full details Liquidity coverage ratio and net stable funding ratio, and how such ratios can be used to monitor liquidity adequacy of bank
|