Prepare the adjusting entries that were made

Assignment Help Managerial Accounting
Reference no: EM13555531

Selected worksheet data for Nicholson Company are presented below.

Account Titles

Trial Balance

Adjusted trial Balance






Accounts Receivable

?


34000


Prepaid Insurance

26000


20000


Supplies



?


Accumulated Depreciation


12000


?

Salaries Payable


?


5000

Service Revenue


88000


97000

Insurance Expense



?


Depreciation Expense



10000


Supplies Expense



5000


Salaries Expense


?

49000


Instructions

(a) Fill in the missing amounts.

(b) Prepare the adjusting entries that were made.

Reference no: EM13555531

Questions Cloud

Find the initial resistance of eachresistor : Two identical resistors are connected in parallel across a 23Vbattery, which supplies them with a total power of 8.7W. While thebattery is still connected, one of the resistors is heated so thatits resistance doubles. The resistance of the other r..
Police radar has an effective range : A police radar has an effective range of 1.5km, while a motorist's radar detector has a range of 2.0km.  The motorist is going 150km/h in a 50km/h when the radar detector beeps.  At what rate must the motorist decelerate to avoid a speeding ticket?
Prepare a classified balance sheet at july : Prepare an income statement and a retained earnings statement for the year and prepare a classified balance sheet at July 31.
Compute the change in entropy of the copper : Calculate the change in entropy of the copper, taking the Cpm=24.4 J/(K Mole). The experiment was then repeated with the copper immersed in a stream of water that maintains its temperature at 293 K. Calculate the change in entropy of the copper an..
Prepare the adjusting entries that were made : Fill in the missing amounts and prepare the adjusting entries that were made.
Explain a fixed quantity of gas at constant pressure : According to Charles's law, for a fixed quantity of gas at constant pressure, which of the given quantities is constant
Potential difference that exists across capacitor plates : The electric potential energy stored in the capacitor of adefibrillator is 65 J, and the capacitanceis 137 µF. What is the potential difference that exists across the capacitor plates?
Complete the worksheet for all accounts : Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts
Explain what is the molarity of pcl5 in a solution : At 20° C, an aqueous solution that is 24.0% by mass in phosphorus pentachloride has density of 2.1 g/cm3. Assume 100 g total solution. what is the molarity of PCl5 in a solution

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Determining relevant per unit cost

Lewis Auto Company manufactures a part for use in its production of automobiles. When 10,000 items are produced, the costs per unit are:

  Activity-based costing accounting system

Lehner Corporation has provided the following data from its activity-based costing accounting system

  Don lieberman and associates a cpa firm uses job order

don lieberman and associates a cpa firm uses job order costing to capture the costs of its audit jobs. there were no

  Product costing- traditional and activity

Determine total product cost per unit for each product using an activity based costing system. Use the number of units as the cost driver for each activity.

  Prepare all required journal entries

Prepare all required journal entries, being certain to indicate the type of fund in which each entry would be made.

  Explain the difference between interval and ratio data

List at least 3 qualitative attributes of the snack food about which they might want to ask consumers. Make sure at least one of them is nominal.

  Evaluate the impact of balanced scorecard

Evaluate the effectiveness of Balanced Scorecard and the Triple Bottom Line approaches as a control system and evaluate the impact of Balanced Scorecard and Triple-Bottom Line approaches on stakeholders.

  Why matt company uses activity-based costing

The activity-based costing cost per unit of Product A is closest to: (Round your intermediate calculations to 2 decimal places.)

  Working capital-cash conversion cycle

A new computer system allows your firm to more accurately monitor inventory and anticipate future inventory shortfalls. As a result, the firm feels more able to pare down its inventory levels. What effect will the new system have on working capita..

  Management accounting:-reconcile the absorption costing

Mistry Company manufactures a line of electric garden tools that are sold in general hardware stores.

  What is the current dividend

Dividends are expected to continue to grow at a rate of 8% annually. If investors in High Brow require a 13% rate of return, what is the current dividend?

  Estimated costs and cost per unit needed

or what other business decisions may it be impossible to calculate the actual cost? What are some of the dangers of basing decisions on estimated rather than actual costs? How might these dangers be minimized?

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