Journal entry for one year insurance policy

Assignment Help Accounting Basics

Reference no: EM13152436

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?

Reference no: EM13152436

Questions Cloud

What are the firm variable costs : Suppose the firm chooses this input combination. What is the firm's short run cost function? What are the firm's fixed costs? What are the firm's variable costs?

Movie option : Your first movie paper option is on the controversial 1997 movie, Amistad, directed by Stephen Spielberg. You are responsible for securing a copy of this film for viewing.

What is the realized gain and recognized gain : On December 31, Year 5, Tasha sold the property for $102,000, after having taken $47,525 in MACRS depreciation deductions. What is the realized gain, recognized gain and character (1231 (capital) v. ordinary)?

Parable of the prodigal son : I need 2 Paragraph answer to this questions or (16 to 17 sentences). My answer was'nt enough. Question: In the Parable of the Prodigal Son why do you think the father said, "this brother of yours was dead and is alive again;

Journal entry for one year insurance policy : 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?

Price earnings ratio on common stock : Orchard"s net income for the year ended December 31 was $50,000. The yearly preferred dividend was declared. No capital stock transactions occurred. What was the price earnings ratio on Orchard"s common stock at December 31?

Shares authorized-issued and outstanding : Orchard Corporation"s capital stock at December 31 consisted of the following: (a) (b) Common stock, $2 par value; 100,000 shares authorized, issued, and outstanding.

Target population : Target population....I'm working on anti-tanning campaign. about target population........my outline so far is that... target population: 1. who are you targeting? female (age:18-25 usually college student)

User Account

All Pages