Haskins and jones attorneys-at-law maintain its books on a

Reference no: EM13586780

Haskins and Jones, Attorneys-at-Law, maintain its books on a cash basis. During 2013, the company collected $590,000 in fees from its clients and paid out $421,000 in expenses. You are able to determine the following information about accounts receivable, prepaid expenses, unearned fee revenue, and accrued liabilities:

	January 1, 2013		December 31, 2013
Accounts receivable	$	71,000	$	67,000
Prepaid insurance		5,400		7,200
Prepaid rent		10,100		8,300
Unearned fee revenue		10,100		12,400
Accrued liabilities (for various expenses)		13,100		16,900

In addition, 2013 depreciation expense on furniture and fixtures is $26,500.

Required:

Determine accrual basis net income for 2013.

Reference no: EM13586780

Questions Cloud

The employees of xitrex inc are paid each friday the : the employees of xitrex inc. are paid each friday. the companys fiscal year-end is june 30 which falls on a wednesday

Refer to the financial statements of urban outfitters given : refer to the financial statements of urban outfitters given in appendix c at the end of this book. what is the amont of

Create a power point presentation 25 slides to increase the : create a power point presentation 25 slides to increase the knowledge of and reduce the incidence of salmonella. this

On the rough section the coefficient of friction is not : varying coefficient of friction a box is sliding with a speed of 4.50 ms on a horizontal surface when at point p. it

Haskins and jones attorneys-at-law maintain its books on a : haskins and jones attorneys-at-law maintain its books on a cash basis. during 2013 the company collected 590000 in fees

A proposal is received from an outside contractor who will : davis kitchen supply produces stoves for commercial kitchens. the costs to manufacture and market the stoves at the

Pinewood company purchased two buildings on four acres of : pinewood company purchased two buildings on four acres of land. the lump-sum purchase price was 900000. according to

Poster pamphlet production hifollow the marketing criteria : hi ltbrgtfollow the marketing criteria for the poster and pamphlet presentation. ltbrgtapa style. ltbrgtattractive and

Assuming the above sales mix at what sales revenue will the : nbspassume that painless dental clinics inc. offers three basic dental services. here are its prices and costsprice per

User Account

All Pages

Haskins and jones attorneys-at-law maintain its books on a

Reference no: EM13586780

Reference no: EM13586780

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT