User Account

All Pages

How do journalize the december adjusting entry to adjust

Assignment Help Financial Accounting
Reference no: EM132987331

The balance in the unearned fees account, before adjustment at the end of the year, is $97,770. Of these fees,$39,750 have been earned. In addition,$24,650 of fees have been earned but not been billed.

Problem (A) Journalize the December 31 adjusting entry to adjust the unearned fees account. Refer to the chart of accounts for exact wording of account titles

 

Reference no: EM132987331

Questions Cloud

Competitive position in fast-paced information-age : The process of effectively managing complex projects is ongoing and evolving and will be that way for the foreseeable future. As a result, there are continuous
Outline a plan to deliver a web presence : As Manager of Information Technology for Fashion Land, a retailer of women's clothing and accessories, you have a staff of two primarily focused on computer and
What is the yield to maturity on the bonds for dan : The bond is currently selling for $900. Par value of the bond is $1,000. What is the yield to maturity on the bonds if you purchased the bond today?
What level of need will improved product meet : Based on Maslow's Hierarchy of Needs, what level of need will your 'improved' product meet? Explain.
How do journalize the december adjusting entry to adjust : The balance in the unearned fees account, before adjustment at the end of year, Journalize the December 31 adjusting entry to adjust the unearned fees account
Energy poverty to decrease in new zealand : How can Anglo-American model of governance justify making profits when Energy Poverty has been increasing in New Zealand? And how could such businesses help Ene
How large must the annual payments : John and Daphne are saving for their daughter Ellen, How large must the annual payments at t = 5, 6, and 7 be to cover Ellen's anticipated college costs?
Develop a code of ethics : As a newly appointed Chief Ethics Officer of a major corporation in Ghana, make a presentation to the Board of Directors explaining six (6) reasons on the need
Find what must be investors expectation of price of stock : A share of stock with a beta of 0.71 now sells for $46. What must be investors' expectation of the price of the stock at the end of the year?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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