In december 2008 ace consulting performed services for a

Reference no: EM13600388

In December, 2008, Ace Consulting performed services for a customer for $12,000 on account. On June 1, 2009, after several unsuccessful attempts to collect, Ace replaced the customer's account receivable with a 6% note, due and collected in full on January 31, 2010. Ace's accounting year end is December 31.

Required: Prepare all necessary journal and adjusting journal entries for Ace Consulting for 2008, 2009 and 2010

Reference no: EM13600388

Questions Cloud

Russell corporation sells three different models of : russell corporation sells three different models of mosquito zapper. model a12 sells for 54 and has variable costs of

On february 15 paid 190000 cash to purchase american : a. on february 15 paid 190000 cash to purchase american generals 120-day short-term notes at par which are dated

The final processing department in carols production : the final processing department in carols production facility began the year with no work in process inventories.

Harry was experiencing financial difficulties and could not : harry was experiencing financial difficulties and could not make the mortgage payments on his home. the mortgage holder

In december 2008 ace consulting performed services for a : in december 2008 ace consulting performed services for a customer for 12000 on account. on june 1 2009 after several

Cash paid to suppliers during the year amounted to 677000 : for each of the following items calculate the amount of revenue or expense that should be recognized on the income

Andretti company has a single product called dak the : andretti company has a single product called dak. the company normally produces and sells 60000 daks each year at a

Management is attempting to maintain an overhead rate of : management is attempting to maintain an overhead rate of 175 for an assembled product. the problem area is the

Motorola inc fired its cfo paul liska in january for a : motorola inc. fired its cfo paul liska in january for a number of reasons related to his performance as stated by

User Account

All Pages