Reference no: EM132534957
Cardon's Boat Yard, Inc., repairs, stores, and cleans boats for customers. It is completing the accounting process for the year just ended, November 30, 2012. The transactions during 2012 have been journalized and posted. The following data with respect to adjusting entries are available: (20')
a. On October 1, 2012, Cardon's paid $1,200 to the local newspaper for an advertisement to run every Thursday for 12 weeks. All ads have been run except for three Thursdays in December to complete the 12-week contract.
b. Cardon's borrowed $250,000 at a 12 percent annual interest rate on April 1, 2012, to expand its boat storage facility. The loan requires Cardon's to pay the interest quarterly until the note is repaid in three years. There is a half-year interest expense which need to be recorded on November 30.
s c. The Johnson family paid Cardon's $4,500 on November 1, 2012, to store its sailboat for the winter until May 1, 2013. Cardon's credited the full amount to Unearned Storage Revenue on November 1.
d. Cardon's used boat-lifting equipment that cost $220,000; $22,000 was the estimated depreciation for 2012.
e. Wages earned by employees during November 2012, unpaid and unrecorded at November 30, 2012, amounted to $3,800.
Question 1: The next payroll date will be December 5, 2012.
How the conduct satisfied the different elements
: Research for a crime that has been reported in the media. Prepare a 1-2 page essay addressing the elements of crime-mens rea, actus reus, concurrence.
|
What price must you receive
: After holding the bond for 4 years and receiving 4 interest payments, you sell the bond. What price must you receive (at time 4) if you now want to receive
|
Understand denotative vs. connotative language
: In developing your paper and PPT, it is important to understand denotative vs. connotative language; the former is factual while the latter is expressive.
|
What role does the police subculture play
: What role does the police subculture play if any in fueling law enforcement misconduct? Defend your position. Student expectations for Forum questions.
|
How to the next payroll date will be december
: How to The next payroll date will be December 5, 2012? Cardon's Boat Yard, Inc., repairs, stores, and cleans boats for customers.
|
Discuss the significance of a defendant 6th amendment
: Discuss the significance of a defendant's 6th Amendment guarantee to be able to confront witnesses that would testify and/or offer evidence against the.
|
How to prepare the journal entries for the transactions
: Wolverine World Wide, Inc., manufactures military, work, sport, and casual footwear. How to Prepare the journal entries for the transactions
|
Research common methods for terrorism recruitment
: Research common methods for terrorism recruitment. Discuss the most common method for terrorism recruitment.
|
What is the present value of growth opportunities
: What is the present value of growth opportunities (PVGO)? What is the next year's expected earnings per share (EPS 1 )? What is the return on equity (ROE)?
|