For each of the followig separate cases prepare adjusting

Assignment Help Accounting Basics

Reference no: EM13589853

For each of the followig separate cases prepare adjusting entries required of financial statements for the year ended (date of) December 31, 2013.

a) One-third of the work related to $15,000 cash received in advance is performed this period.

b. Wages of $8000 are earned by workers but not paid as of December 31, 2013.

C. Depreciation on the company's equipment for 2013 is $18,531.

d. THe Office Supplies accound had a $240 debit balance on Deceber 31, 2012. During 2013, $5,239 of office supplies are purchased. A physical count of supplies at December 31, 2013, shows $487 of supplies available.

e. The Prepaid Insurance account had a $4000 balance on December 31, 2012. AN analysis of insurance policies hsows that $1200 of unexpired insurance benefits remain at December 31, 2013.

f. The company has earned $1050 of interest from investments in CDs for the year ended December 31, 2013. The interest revenue will be received on January 10, 2014.

Reference no: EM13589853

Questions Cloud

Who in the organization is responsible for the application : 1. what are examples of irregular items?2. how does a change in accounting principles affect the financial

Determine the balance in accounts payable spratt will : spratt inc. sells fireworks. the companys marketing director developed the following cost of goods sold budget for

On january 1 2011 a company issued 1000000 of 5 year 12 : on january 1 2011 a company issued 1000000 of 5 year 12 bonds at an effective interest rate of 13 receiving cash of

You are the cfo of a bank which has three options for : you are the cfo of a bank which has three options for purchasing a piece of land. first you can pay 200000 today.

For each of the followig separate cases prepare adjusting : for each of the followig separate cases prepare adjusting entries required of financial statements for the year ended

Which of the following activities and quickbooks window : which of the following activities and quickbooks window used to record it is incorrect? a sell goods and bill

Lakes that have been acidified by acid rain can be : lakes that have been acidified by acid rain can be neutralized by liming the addition of limestone caco3. how much

Commercial concentrated aqueous ammonia is 28 by mass and : 1 write a balanced net ionic equation for the reactioncalcium sulfite oxalic acid2 write a balanced equation and net

Greg nard added an equivalent of : greg nard added an equivalent of 34-epoxy-4-methylcyclohexanol to an ether solution of methyl magnesium bromide and

User Account

All Pages