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Journal entry to show the effect of sales.
Unearned revenues - ticket sales. Kirkland theatre sells seasons tickets for six events at a price of $252. For the season 2009, 1,200 season tickets were sold.
a) Write the journal entry to show the effect of the sale of the season tickets.
b) Write the journal entry to show the effect of presenting an event.
c) Where on the balance sheet would the account balance representing funds received for performance not yet presented be classified?
Define distributions to owners and provide examples of this type of transaction. Illustrate what financial statement element other than equity is typically affected by distributions?
These 5,000 puzzles used 50,000 diodes at an actual cost $0.28 per diode. All 50,000 diodes were used and there was no ending inventory. Compute the Direct materials price and quantity variances. Use the back of your answer sheet.
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cost of goods maufactured? direct labor cost? direct materials cost? manufacturing overhead applied? manufacturing overhead was (how much) over or under applied?
At the beginning of the year, Addison Company's assets are $178,000 and its equity is $133,500. During the year, assets increase $80,000 and liabilities increase $55,000. What is equity at the end of the year?
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The direct materials for Job #045391 were purchased in July and put into production in August. The job was not completed by the end of August. At the end of August, in what account would the direct material cost assigned to Job #045391 be located?
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