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Problem - Adjustment for unearned and accrued fees - The balance in the unearned fees account, before adjustment at the end of the year, is $900,000. Of these fees, $775,000 have been earned. In addition, $289,500 of fees have been earned but not billed to clients. What are the adjustments
(a) to adjust the unearned fees account
(b) to record the accrued fees? Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease.
Issued Check No. 398 to Office Supplies Warehouse for the purchase of $420 worth of office supplies. What are the journal entries
Cryptocuurency finder is buying the first computer for their new server farm. State why accrual basis is more realistic for this situation
Assume that you have been selected as an expert panelist at the next Society for Human Resource Management seminar to discuss the future of federal employees. Discuss at least two points that you would address in your speech regarding their fut..
Prepare the January 1 & December 31 general journal entries for Frick Company. How much should the Frick Company report on the balance sheet for the investment in Floozy as the end of 2014
Coldwell, Inc. issued a $100,000, 4-year, 10% note at face value to Flint Hills Bank on January 1, 2014, and received $100,000 cash. The note requires annual interest payments each December 31. Prepare Coldwell's journal entries to record (a) the ..
Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (a), (b), and (c).
What if the bylaws explicitly state that one part of the organization will be for a non-exempt purpose
assume you have researched the following financial data1 rd yield on the firmu2019s bonds 7.00 and the risk premium
consumers feel that digital versions of books and music should be considerably cheaper than the paper based book or
Flexible-budget and sales volume variances. Cascade, Inc., produces the basic fillings used in many popular frozen desserts and treats-vanilla and chocolate.
The figure 0.82270 is taken from the column marked 5% and the row marked 4 periods in a certain interest table. From what interest table is this figure taken?
A building acquired at the beginning of the year at a cost of $980,000 has an estimated residual value of $60,000. Determine the depreciable cost
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