Make an adjusting entry at the end of the first quarter

Assignment Help Financial Accounting
Reference no: EM132440540

On January 1st Samantha Inc. paid 720 for supplies that can last for one year. What is the consequence of failing to make an adjusting entry at the end of the first quarter for the amount of supplies that been used during the quarter?

Reference no: EM132440540

Questions Cloud

Prepare a presentation on event planning company : Prepare a presentation on event planning company called 6W events - Understand the Personal or Organizational Goals What is the environment
Calculate the expected return-variance : Calculate the expected return, the variance, and the standard deviation for each stock. Then calculate the covariance between their returns.
Expected dividend stream over the next 3 years : Question 1: What is the firm's expected dividend stream over the next 3 years? Question 2: What is the firm's current stock price?
Is it Ethical to Raise Livestock in a Factory Farm : Is it Ethical to Raise Livestock in a Factory Farm,factory farming also has a negative impact on the environment. The waste run-off of fertilizing manure spoils
Make an adjusting entry at the end of the first quarter : What is the consequence of failing to make an adjusting entry at the end of the first quarter for the amount of supplies that been used during the quarter?
Franco inc. is a publicly traded company in the united : Franco Inc. is a publicly traded company in the united states. The company purchased a piece of land for operational usage in 2014.
Calculate the present value of the future cash flows : Calculate the present value of the future cash flows for the advance rental payments of $700,000 for the period from January 1, 2020, through December 31
What is the History of The Gay Rights Movement : What is the History of The Gay Rights Movement and why was it created?What is the current stance of The Gay Rights Movement?
Calculate the present value of the net cash flows required : Calculate the present value of the net cash flows required of Oriole Inc. for: (Round answers to 2 decimal places, e.g. 5,275.25.)

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd