User Account

All Pages

How to show is the trial balance for dunbar corporation

Assignment Help Accounting Basics
Reference no: EM132597789

Question 1: Shown below is the trial balance for Dunbar Corporation as at June 30, 2017, the company's year end. The company owner provides you with the following additional information:

  1. No interest has been paid yet on the note payable. The note has been outstanding since April 1 and the interest rate is 12%.
  2. The equipment originally cost $200,000 and has an estimated residual value of $10,000 and a useful life of 10 years. 
  3. On June 1 the company renewed its insurance policy and paid a $1,800 premium for the year. It was correctly recorded at that time as prepaid insurance.
  4. On October 1, 2016 the company sold a 12-month service contract to a client for $200,000 and recorded it as Unearned Revenue because at that point they had not yet provided any service to the client.

Reference no: EM132597789

Questions Cloud

What are the advantages of using the time horizons time : What are the advantages of using the time horizons time cones vs. timelines?
Develop trust and transparency in public institutions : Critically state the important moments of the video that you believe have an application to ethics in public administration
How about diversification - conglomerate strategy : How about diversification/conglomerate strategy? Any advantage to diversifying your business? Discuss unrelated diversification and related diversification
Prevent the insurrection of lower participants : 1) Share an example of when a lower participant influenced higher ranking authority in your organization?
How to show is the trial balance for dunbar corporation : How to Show is the trial balance for Dunbar Corporation as at June 30, 2017, the company's year end. The company owner provides
Impact the health care delivery system : Discuss and demonstrate how those changes will impact the health care delivery system
Establish two leadership development goals : Using SMART goals criteria to establish two leadership development goals both of which reflect leadership vision and your summary of current state of leaderhsip
Calculate the correct cost of goods sold for both years : Describe how the error has affected the financial statements for 2013 and for 2014, and for the two years combined. Calculate the correct cost of goods sold
Development of various collaborative initiatives : Is the development of various collaborative initiatives with a variety of businesses a wise strategic move for DonorsChoose?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How many books must JWG sell this year

How many books must JWG sell this year to achieve the breakeven point for the stated operating costs if all figures remain the same as for last year

  Does management discuss cost or cost fluctuations

Comment on any specific cost accounting-related information in the MD&A report. For example, management often explains higher or lower than expected performance

  Ceiling fans by ikes overhead budget for 2009 was as

ceiling fans by ikes overhead budget for 2009 was as follows factory supervision 300000 utilities costs 150000

  Develop a document flowchart

The individual stores in the Mark Goodwin convenience chain prepare two copies of goods requisition form (GRF) when they need to order merchandise from the central warehouse.

  Compute the consolidated gain or loss on a consolidated inco

Keenan Company has had bonds payable of $20,000 outstanding for several years.

  Brief overview of the nature of auditing and ethical issues

Topic: "Ethics in auditing practice". Provide a brief overview of the nature of the auditing/ethical issue/s involved with Ethics in auditing practice

  Open the form in adobe reader

Fill out a 1040 tax form on the following link: www.irs.gov/pub/irs-pdf/f1040.pdf (1 point for each line). You can find additional instructions on Canvas at the end of the description of the assignment

  Develop a screening process of foreign material

In a particular recycling process, the break-even point for each batch occurs when 54 kilograms of raw material remain as unusable foreign matter.

  Transactions occur during the month of july.

Transactions occur during the month of July.

  What are the components of cost-volume-profit analysis

Question - Please Provide References: What are the components of cost-volume-profit analysis? How does a CVP income statement help management make decisions

  Record the transactions on the books of Wang Company

Wang returns defective goods with a selling price of $650 and a fair value of $100. Record the transactions on the books of Wang Company

  Expected disbursements for quarter

The accounts payable balance at the beginning of quarter one is $25,400. What is the amount of the expected disbursements for quarter two given the following expected quarterly sales? Quarter 1: $65,000 Quarter 2: $106,000 Quarter 3: $98,000 Quart..

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