Reference no: EM132668685
Problem 1: Accumulated depreciation-equipment on 1 January 2019 was $460,000. On 31 December 2019, the balance of the account was $540,000. During 2019, one piece of equipment was sold. The equipment had an original cost of 120,000 and was 3/4 depreciated when sold. You are to prepare the missing adjusting entry.
Problem 2: WXB leased a piece of equipment for 3 years at the beginning of 2018. The leasing price for the equipment is $5,000 per month. WXB paid $180,000 for the 3-year on 1 Jan. 2018. You are to prepare the missing adjusting entry related to the prepaid rent for 2019.
Problem 3: Revenue for 2019 is $300,000 and total expense is $200,000. Net income for the year was $100,000 (assuming no tax). During 2019, total dividends of $160,000 were declared and $120,000 were paid in cash. Please prepare the closing journal entries for the revenue, expense, and dividend accounts.
|
Reflection on human development
: Reflection should be based on chapters - HUMAN DEVELOPMENT - Write how if will be usefull in carrier and just take one module
|
|
Knowledge worker position
: Are you a knowledge worker? Is your current job or a job you have worked at before considered to be a knowledge worker position?
|
|
What kinds of queries would be useful to woodcraft
: What kinds of queries would be useful to Woodcraft, assuming that it wants to improve its sales, relationship with its customers,
|
|
Show the journal entry on december for the valuation
: Show the journal entry on 31 December 2017 for the valuation of the watches and state how the valuation of these watches affected Maze Inc.'s net income
|
|
Prepare missing adjusting entry related to the prepaid rent
: The equipment had an original cost of 120,000 and was 3/4 depreciated when sold. You are to prepare the missing adjusting entry.
|
|
Analyze the weekly appliance warehouse case study
: Review and analyze the weekly Appliance Warehouse case study content and resources. Create a 3- to 4-page document (to submit in Blackboard) that includes.
|
|
The fascinating field of marketing
: The topic for this week is the fascinating field of marketing, which consists of the famous four P's: product, price, place, and promotion.
|
|
Prepare the missing adjusting entry
: The total rental price for the 2 years is $96,000. Joto Inc. paid the total price $96,000 on 1 Jan. 2018. You are to prepare the missing adjusting entry.
|
|
How does fintech compare to regular banking
: How does Fintech compare to regular banking? What are some of the applications of cords and strategies of growing and expanding?
|