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(Adjusting Entries) Greco Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. Other data:
1. The balance in prepaid insurance is a one-year premium paid on June 1, 2005.2. An inventory count on August 31 shows $450 of supplies on hand.3. Annual depreciation rates are cottages (4%) and furniture (10%). Salvage value is estimated to be 10% of cost.4. Unearned Rent Revenue of $3,800 was earned prior to August 31.5. Salaries of $375 were unpaid at August 31.6. Rentals of $800 were due from tenants at August 31.7. The mortgage interest rate is 8% per year.(a) Journalize the adjusting entries on August 31 for the 3-month period June 1-August 31.(b) Prepare an adjusted trial balance on August31.
Deliverable: Create an Excel spreadsheet detailing the cost of each scenario, and embed it into a Word document. Provide your recommendations in the Word document as well.
during july neptune company had actual sales of 144000 with a volume of 64000 units compared to budgeted sales of
1. Assume that Eugene Motor Corp. uses the following headings on its balance sheet:
On January 1, 2009, Dermot Company purchased 15% of the voting common stock of Horne Corp. On January 1, 2011, Dermot purchased 28% of Horne's voting common stock. If Dermot achieves significant influence with this new investment, how must Dermot ..
How much revenue should Manhattan Today recognize upon receipt of the $130 subscription price.I have already found the answer to this question, and it is as follows.How many performance obligations exist in this contract?
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anita age 12 is claimed as a dependent by her parents. she earned interest income of 1200 during the year. does she
hector p. wastrel a careless employee left some combustible materials near an open flame in salter companys plant. the
on april 1 2015 shoemaker corporation realizes that one of its main suppliers is having difficulty meeting delivery
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