User Account

All Pages

What is the advertising expense reported

Assignment Help Accounting Basics
Reference no: EM133179523

Question - The balance in the Prepaid Advertising Account on October 1st for Modern Company was $5,040. On December 1st it renewed its advertising and promotion contract with the Direct Sale TV channel for 3 more months for a total price of $7,590. The payment in full will be made on January 5th. Modern Company's accounting period ends on December 31st.

Required -

1: The adjusting journal entry on Prepaid Advertising on October 31st was for: $?

2: What is the year end balance of Advertising Payable reported in the balance sheet of Dec 31st?

3: What is the Advertising Expense reported on the annual Income Statement ended on December 31st?

Reference no: EM133179523

Questions Cloud

Communicate regarding module experiences : Provide the warehouse manager a summative report of the main points of focus you wish to communicate regarding the module experiences
How does employee engagement benefit the organization : Engagement matters, and it matters a great deal. For a long time leaders in all contexts have known this. Today, we are finally in a place where the predominate
What is the correct amount of year end balance : During the period buys $13,120 of supplies for cash during the year and $9,050 are consumed by end of year. What is the correct amount of year end balance
Pay particular attention to the definition of social change : Pay particular attention to the definition of social change. In addition, consider how motivational interviewing has been used to effect positive social change
What is the advertising expense reported : The balance in the Prepaid Advertising Account on October 1st for Modern Company was $5,040. What is the Advertising Expense reported
How has module helped you in your personal development : How has module helped you in your personal development? You may want to focus on assessment - personal and academic development
Find patient recommended protein intake in grams : What is the patient recommended protein intake in grams? Please, explain the recommendation used and demonstrate how you calculated it.
What is the correct amount of year-end balance : This error will not make the year-end trial balance or the balance sheet out of balance. What is the correct amount of year-end balance
Motivational interviewing into human services organizations : Review the Learning Resources on integrating motivational interviewing into human services organizations.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

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

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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