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!
In the journal provided, prepare adjusting entries for the following items. Omit explanations. a. Unrecorded interest on savings bonds is $680. b. Property taxes incurred but not paid or recorded amount to $540. c. Legal fees of $5,000 were collected in advance. By year end, 60 percent were still unearned. d. Prepaid Insurance had a $1,600 debit balance prior to adjustment. By year end, 40 percent was still unexpired. e. Salaries incurred by year end but not yet paid or recorded amounted to $1,375. f. Services totaling $900 have been performed but not yet recorded or billed. ANS: General Journal Page 1 Date Description Post. Ref. Debit Credit a. Interest Receivable Interest Income b. Property Taxes Expense Property Taxes Payable c. Unearned Legal Fees Legal Fees Earned d. Insurance Expense Prepaid Insurance e. Salaries Expense Salaries Payable f. Accounts Receivable Service Revenue Earned.
The Net sale is 350000.00 and the Account Receivable is 53,0000 on 2015
Division a is considering a project that will earn a rate of return that is greater than the required return on operating assets, but less than the division's ROI. Division B is considering a project that will earn a rate of return that is greater th..
Ayer Test Laboratoriesdoes neat testing (H I) and stress testing (ST) on materials and operates at capacity. Under its current simple costing system, Ayer aggregates all operating costs of $1,360,000 into a single overhead cost pool. Ayer calculates ..
Current and Future computations of a single sum of money and current and Future computations of an annuity.
assigning responsibilities in various responsibility centers.for each responsibility center described below indicate
Scheney Company uses the weighted-average method in its process costing system. The company's work in process inventory on March 31 consisted of 20,000 units. The units in the ending work in process inventory were 100% complete with respect to materi..
Mathis Company and Reece Company use the perpetual inventory system. The following transactions occurred during the month of April: On April 1, Mathis purchased merchandise on account from Reece with credit terms of 2/10, n/30. The selling price of t..
The adjusted trial balance columns for William Company are as follows on Dec 31, 2014. Debit Credit 101 Cash 17,800 a) Prepare an income statement, a retained earnings statement, and a classified balance sheet, Dec 31, 2014. 112 Accounts Receivable 1..
If Congress reenacts additional first-year depreciation for 2011, Nora elects not to take additional first-year depreciation. Find out the cost recovery recapture and the cost recovery deduction for 2012.
international accounting standards are unusable from an investors viewpoint and make global allocation of capital more
decision on lease or buying the home.kim and dan bergholt are both government workers. they are considering purchasing
during its first month of operation the rawls repair corporation which specializes in bicycle repairs completed the
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