Make entries should company record at its fiscal year end

Assignment Help Accounting Basics
Reference no: EM133166076

Question - A company has a December 31 year end. The company estimated that $550 of cell phone services were used in December but would not be paid for until January 12 of the subsequent year. Make entries should the company record at its fiscal year end?

Reference no: EM133166076

Questions Cloud

Compute the annual gross profit for the peanut division : Olam International Limited sources and processes agricultural products including edible nuts and spices. Compute the annual gross profit for the Peanut Division
Explain and discuss regional trading blocks : 1. Explain and discuss regional trading blocks. 2. Explain and discuss business benefit from corporate social responsibility.
Evaluate the methods of communication : Evaluate the methods of communication in the situation: Listening, writing, talking, reading, non-verbal expression.
Characteristics of challenging customers : Describe the response of the employee. Evaluate the effectiveness- was the situation resolved? Why or why not?
Make entries should company record at its fiscal year end : The company estimated that $550 of cell phone services were used in December. Make entries should company record at its fiscal year end
What are the initial and continuing expenses : GENERATE an abstract for your research paper. The abstract is designed as an executive summary of the content of your article and will allow potential readers
What is the operating cash flow for the project in year two : The tax rate is 21 percent and the required return on the project is 9 percent. What is the operating cash flow for the project in year 2
Organization is multi-level concern : Organization is a multi-level concern. This means that organization can be an issue at the local level, such as sentences clearly relating to nearby sentences
What is the ending retained earnings that the company report : Azure Inc. had opening retained earnings of $225,000 on January 1. What is the ending retained earnings that the company report

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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