Prepare the correcting je that you would propose

Assignment Help Accounting Basics

Reference no: EM13135597

On February 1, 2010, Katz corp. purchased a small lot and unusable building for $12,000, including back taxes of $1,000. On March 1, 2010, the lot was cleared, paved, and fenced to provide additional parking for employees. The chief accounting charged all Feburary and March expenditures to the Land account. Total expenses in early March were $1,600 for building removal, $3,000 for paving, and $2,400 for fencing. Prepare the correcting JE that you would propose at December 31, 2010. of the errors.

Reference no: EM13135597

Questions Cloud

Significant preferences among three versions of photograph : Do the data indicate any significant preferences among the three versions of the photograph? Test at the .05 level of significance.

Tourism in korea-in depth country review : Choose a country that you have not lived in, nor spent more than a week in. Find at least three book sources and at least seven sources in all and begin reading about the culture of this country.

Company total net operating income : It is estimated that $38,400 of these fixed expenses could be eliminated if the department is discontinued. These data indicate that if the department is discontinued, the company's overall net operating income would:

What is the price if a markup of total cost : A company has $27 per unit in variable costs and $1,000,000 per year in fixed costs. Demand is estimated to be 100,000 units annually. What is the price if a markup of 40% on total cost is used to determine the price?

Prepare the correcting je that you would propose : On February 1, 2010, Katz corp. purchased a small lot and unusable building for $12,000, including back taxes of $1,000. On March 1, 2010, the lot was cleared, paved, and fenced to provide additional parking for employees.

Workplace difficulties of women : Develop a presentation or information paper to other managers regarding the experience of women in the workplace. The document may be in memo, PowerPoint or paper form. There is no word count requirement. Just requesting an outline for this docume..

Calculate the ph : A buffer is 0.282 M C6H5COOH (aq) and 0.282 M NA(C6H5COO)(aq). Calculate the pH after the addition of 0.150 moles of nitric acid to 1.0 L of the buffer.

Calculate the net present value of costs : Using the information above, calculate the net present value of costs (cash outflows) and decide whether it should be purchased in the budget year. Assume a 10 per cent cost of capital (discount rate).

How accounts receivables and cash go together : how accounts receivables and cash go together. Beyond just cash showing when funds are collected how is the timing of receivables different than the timing of cash and how can the company make sure they are on top of collecting the funds due them.

User Account

All Pages