What date has daisy incurred each of the expenses

Assignment Help Accounting Basics
Reference no: EM132839572

Daisy works as a practising accountant in her own practice in Spring Hill. On 30 June 2020, she receives tax invoices for a number of business-related expenses, including:

  1. telephone of $450;
  2. stationery of $170;
  3. motor vehicle costs (consisting of fuel and oil) of $620; and
  4. professional indemnity insurance premium renewal of $3,300.

All of these expenses were paid by Daisy on 3July 2020.

Problem 1: On what date has Daisy incurred each of the above expenses?

Reference no: EM132839572

Questions Cloud

How much of the proceeds would be allocated to the shares : Durga Company issued 10,000 shares of its £5 par value ordinary shares having a fair value of £25 per share. How much of the proceeds would be allocated
Discuss the topic tort of negligence : Teacher negligence is a risk that needs to be taken seriously by all adults in the educational setting. It is critical that educational leaders are consistently
What the cost of the competing patent should be : What the cost of the competing patent should be? On January 2, 2020, to protect its patent, the corporation purchased a patent on a competing product.
Company has entrepreneurial culture : Select a company that is listed on the NASDAQ or New York Stock Exchange. Research the extent to which the company has an entrepreneurial culture.
What date has daisy incurred each of the expenses : What date has Daisy incurred each of the above expenses? Daisy works as a practising accountant in her own practice in Spring Hill.
What evidence is there to demonstrate your competence : Using the evaluation, assess your current performance on each component of the evaluation (Professional Dispositions, InTASC standards, and Specialized.
What percentage of the retained earnings reported : What percentage of the retained earnings reported in the consolidated balance sheet is assigned to the non- controlling interest at that date
How might you have defined an educated person : Second, after reading the lecture on what it means to be an "educated person," consider what that means to you personally. Consider such questions as.
What date has ned incurred the telephone expense : What date has Ned incurred the telephone expense? Ned receives his monthly Telstra telephone bill on 25 June 2020. Assume that Ned usesthe telephone 100%.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss the cash basis of accounting

Bad Debt Expense for 2017 was $375. Under the cash basis of accounting,

  Prepare journal entries to record credit card transactions

Question - Accounting for credit card sales. Prepare journal entries to record the above credit card transactions of Levine Company

  Is tommy behaving ethically and explain

The company's internal audit department determined that an important internal control. Is Tommy behaving ethically? Why or why not?

  Record the transactions on the book of XYZ Company

Collections of trade accounts receivable by AGARO Branch amounted to Br 62,000. Record the transactions on the book of XYZ Company

  Which factors or components of the control environment

Which Factors or components of the control environment include all except? Integrity and ethical values. / Organizational structure

  Determine alpha company net cash flows

Use this information to determine Alpha Company's Net Cash Flows from Financing Activities

  What is Tom basis in the stock of the Corporation

Tom creates a C Corporation on 1/1/20 in exchange for 100% of common stock of the Corporation. What is Tom basis in the stock of the Corporation

  Determine the costat goods sold and ending inventory cost

Determine the costat goods sold and ending inventory cost of part 45G if 2,000 units remain unsold in inventory cost at the end of the accounting period

  Wales company purchased at a cost of 16089 and used 3100

wales company purchased at a cost of 16089 and used 3100 pounds of materials during may. waless standard cost of

  Which a partnership loan payable to the partner is

In installment liquidation computation, a partnership loan payable to the partner is? Added to the other regular liabilities of the partnership

  Define employer costs related to the statutory deductions

Glorious Florists is a floral supply company with offices and boutiques in Ontario and Quebec. The organization started operations in 1992 and currently.

  What is the desired ending inventory

The production budget shows planned sales of 32,000. Beginning inventory is 5,600. Units to be produced are 33,600. What is the desired ending inventory?

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd