User Account

All Pages

Find what the adjusting entry on december is a

Assignment Help Accounting Basics
Reference no: EM132689413

Problem 1: On April 1, 2019, ABC Inc. paid for $18,000 for a one-year insurance policy. The adjusting entry on December 31, 2019 is a:

a. debit to Insurance Expense and a credit to Cash
b. debit to Insurance Expense and a credit to Prepaid Insurance
c. debit to Prepaid Insurance and a credit to Cash
d. debit to Prepaid Insurance and a credit to Insurance Expense
e. none of the above

Reference no: EM132689413

Questions Cloud

Calculate the total costs that would be incurred : Identify which costs are variable and fixed, You are then to apply the formula to calculate the total costs that would be incurred in producing 500 surfboards.
Discuss about the type and scope of the proposed change : As a professional, you will be called upon to share expertise, inform, educate, and advocate. Your efforts in these areas can help lead others through change.
What the is adjusting entry on december for abc : ABC received $12,000 in advance for services to be performed over the next 12 months. The adjusting entry on December 31, 2019 is a?
Demonstrate the application of a nursing theory to practice : The purpose of this assignment is to demonstrate the application of a nursing theory to practice. Review the clinical case provided and apply your chosen theory
Find what the adjusting entry on december is a : On April 1, 2019, ABC Inc. paid for $18,000 for a one-year insurance policy. What the adjusting entry on December 31, 2019 is a?
What amount will jb report for net income : JB Company had net income of $100,000 for year before adjusting entries. If the following adjustments are necessary, what amount will JB report for net income?
What is the poverty level in your community : The discussion assignment provides a forum for discussing relevant topics for this week on the basis of the course competencies covered.
Which adjusting entry will result in a decrease in assets : Which adjusting entry will result in a decrease in assets? An adjusting entry to record revenue that is earned. / An adjusting entry to record the expiration
Which would be the effect of the error for metro inc : At the end of the year, the accountant for Metro Inc. failed to record fees earned by the company during the year. The effect of this error would be

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