Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Guyer Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $20 per year. During November 2012, Guyer sells 12,000 subscriptions beginning with the December issue. Guyer prepares financial statements quarterly and recognizes subscription revenue earned at the end of the quarter. The company uses the accounts Unearned Subscriptions and Subscription Revenue. Prepare the entry in November for the receipt of the subscriptions. Date Description Debit Credit Nov. 30 Prepare the adjusting entry at December 31, 2012, to record subscription revenue earned in December 2012. Date Description Debit Credit Dec. 31 Prepare the adjusting entry at March 31, 2013, to record subscription revenue earned in the first quarter of 2013. Date Description Debit Credit Mar. 31
darden enterprises determined that materials costs totaling 158400 and conversion costs totaling 130200 were charged to
xyz company recorded the following information related to their inventory accounts for 2009 january 1 december 31
Apollo Shoes is satisfied with the services your firm offers and wants to continue with the audit. Apollo Shoes would like you to prepare a letter explaining how you plan to begin the audit process.
The equipment's fair market value is estimated at $180,000 by an outside appraisal. On the date of the exchange, the stock was being actively traded at $17 per share on a major stock exchange. Prepare the necessary journal entry to properly record..
sandra owned an equipment rental business in her sole name for four years. in january of 2013 sandra transferred the
In addition, Austin estimates that the new machine will increase the company's annual net cash inflows by $35,000. The machine will have a 12-year useful life and no salvage value.
the general ledger account for accounts receivable shows a debit balance of 40000. the allowance for uncollectible
Distinguish between controllable and uncontrollable aspects of revenue and costs. Can a manager tototally control all revenue and costs? why or why not? Describe some of the drawbacks of using budgets as a control device
Selected transactions from the journal of Dewitt Inc. during its first month of operations are presented here. By posting the above transactions to T-Accounts complete the following trial balance.
balance per books at october 31 41847.85 receipts 173523.91 disbursements 164893.54. balance per bank statement
Compare and contrast the Fair-Value Method (FAS 115) covered in your Intermediate Accounting courses (touched on in our textbook) and Equity Method. When should you use each method and why? What are some of the limitations of the Equity Method? (T..
If Edsel uses the sales revenue approach for estimating bad debt expense, the income statement should show an expense of??
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd