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1. The prepaid insurance account shows a debit of $6,624, representing the cost of a 2-year fire insurance policy dated August 1 of the current year.
2. On November 1, Rental Revenue was credited for$3,144, representing revenue from a subrental for a 3-month period beginning on that date.
3. Purchase of advertising materials for $847 during the year was recorded in the Advertising Expense account. On December 31, advertising materials of $349 are on hand.
4. Interest of $854 has accrued on notes payable.
Write adjusting entries for these four and reversing entries where applicable.
Stoker Corporation applies fixed overhead at the rate of $0.65 per unit. For May, budgeted fixed overhead was $524,745. The production volume variance amounted to $5,070 unfavorable, and the price variance was $11,100 unfavorable.
1. haywood company sells a single product with a contribution margin of 5 per unit fixed costs of 74400 and sales for
John Brown is a PA, but not a partner, with three years of professional experience with lyle and lyle, public accountants, a one-office public accountanting firm. he owns 25 shares of stock in an audit client of the firm,but he does not take part ..
the payroll of grich company for september 2014 is as follows. total payroll was 960000 of which 220000 is exempt from
as a result management is considering moving from a direct-labor based overhead rate to an activity-based costing
Determine the gross margin mix, selling price, and sales volume variances. Calculate the net gross margin variance directly; then as a check see if it equals the sum of the three variance components you calculated individually.
bulldetermine the benefit derived from deductions for and from adjusted gross incomebulldetermine the special rules
question earnings per share. santana corporation has 400000 shares of common stock outstanding throughout 2010. in
Rey uses the method prescribed in Part 1b, what adjusting journal entry must be made to recognize bad debts expense on June 30, 2012? (Round your intermediate calculation to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign in your re..
At December 31, 2009, M's unadjusted balance of liability for compensated absences was $30,000. M estimated that there were 200 vacation days available at December 31, 2009. M's employees earn an average of $150 per day. In its December 31, 2009, ..
the auditor is most likely to seek information from the plant manager with respect to thea adequacy of the
On April 1, 2005, Hofiani Company purchased a one year insurance policy for $3,600. What was the journal entry which Hofiani Company made on April 1, 2005?
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