Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The ledger of Beckett Rental Agency on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared.
Debit
Credit
Supplies
$3,550
Prepaid Insurance
4,140
Equipment
24,700
Accumulated Depreciation-Equipment
$7,410
Notes Payable
19,100
Unearned Rent Revenue
11,440
Rent Revenue
58,500
Interest Expense
0
Salaries And Wages Expense
14,600
An analysis of the accounts shows the following.
1. The equipment depreciates $330 per month.
2. Half of the unearned rent revenue was earned during the quarter.
3. Interest of $310 is accrued on the notes payable.
4. Supplies on hand total $830.
5. Insurance expires at the rate of $460 per month.
Required:
Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly.
sales were 64000. cost of merchandise sold was 60 of its sales price. 60 of the sales were on open account. note record
Milton Company provides this information for the month of November, 2007: sales on credit $150,000; cash sales $50,000; sales discount $2,000; and sales returns and allowances $8,000. Prepare the sales revenues section of the income statement base..
How does the electric company know its revenue for a given year? Explain.
1. on december 31 prior to adjustment allowance for doubtful accounts has a credit balance of 200. an age analysis of
recognition of concepts. jim armstrong operates a small company that books entershytainers for theaters parties
vicki barr ss 036-47-2189 is a grade 1 machinist who earns 20 per hour. on monday june 12 through wednesday june 14
If the expected sales volume for the current period is 7,000 units, the desired ending inventory is 200 units, and the beginning inventory is 300 units, the number of units set forth in the production budget, representing total production for the ..
sito elevator company manufactures small hydroelectric elevators with a maximum capacity of ten passengers. one of the
alexander bruce and jonathon wayne are managers of two product lines for gotham incorporated. one of them is a
ferguson metals is a decentralized mining smelting and metals company with three divisions mining lead and copper. the
Compare and contrast the WACC to this basic accounting equation. does the WACC contain a profit component? how does the WACC relate to the discount rate used in a net present value NPV computation, using a case where NPV equals zero to make your poin..
These multiple choice questions relates to Accounting. The first question discuss about variable overhead efficiency variance and the second question is about the criticism for standard costing system
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd