User Account

All Pages

Prepare record initial entry and adjustment needed december

Assignment Help Accounting Basics
Reference no: EM132462455

Abt Associates offers a 5% discount if their customers pay upfront for their six month contract. Abt Associates collected $64,000 from customers (which reflects the discounted amount) on October 25th for services that will be provided evenly over the next six months starting on November 1, 2019.

Question 1: Record the initial entry and the adjustment needed on December 31, 2019.

Reference no: EM132462455

Questions Cloud

What is the most the firm can pay for the project : The firm's D/E ratio is 1.2. determine and calculate What is the most the firm can pay for the project and still earn its required return?
Prepare the journal entries to record for interest payment : Prepare the journal entries to record for interest payment using the effective interest method December 31, 2016 Amortization of bond issue costs
Find accounts receivable turnover ratio to one decimal place : Dorchester Company had the following balances at the end of 2018 and 2019 respectively,Calculate the accounts receivable turnover ratio to one decimal place.
Write down the equation for the capital markets line : Write down the equation for the Capital Markets Line using the information on the market portfolio in the table above. What are the betas of X and Y?
Prepare record initial entry and adjustment needed december : Abt Associates collected $64,000 from customers (which reflects the discounted amount) on October 25th for services,Prepare Record initial entry and adjustment
What is the maximum cca allowed combined : What is the maximum CCA allowed combined (rounded to the nearest dollar) for the two cars for 2019? is registered to collect and remit HST
Record the purchase in a horizontal statements model : Golden Manufacturing Company started operations by acquiring $90,000 cash from the issue of common stock. Record the purchase in a horizontal statements model.
What is the fixed portion of Almond Company expense : Almond Company wishes to determine the fixed portion of its maintenance expense (a semi-variable expense), as measured against direct labor hours
Find the difference between implied and book value : Find the difference between implied and book value,Record the entries in Python's books to reflect its transactions with Shark in 2013, assuming the cost method

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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