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In an Excel spreadsheet configured similarly to the journal shown below, prepare year-end adjustments to the following situations. Omit explanations. Accrued interest on notes receivable is $105. Of the $12,000 received in advance of earning a service, one-third was still unearned by year end. Three years' rent, totaling $36,000, was paid in advance at the beginning of the year. Services totaling $5,300 had been performed, but not yet billed. Depreciation on trucks totaled $3,400 for the year. Supplies available for use totaled $690. However, by year end, only $100 in supplies remained. Payroll for the five-day work week, to be paid on Friday, is $30,000. Year end falls on a Monday. journal
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: - Explain the goals and uses of special journals.
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