Reference no: EM133131143
Question -
Q1. On October 1, 2020, Romeo's Delivery had a balance of $2,000 in its Supplies account. Additional supplies were purchased during the year totaling $3,500. The supplies inventory on December 31, 2020, amounts to $1,050. Assuming December 31, 2020 year end, what is the correct adjusting entry to record at year end?
Q2. On July 1, 2020, Romeo's Deliver was loaned $18,000 for 2 years at 6% per annum, in the form of a note payable. Assuming a December 31, 2020 year end and that principal is due at end of agreement what is the correct adjusting entry to record?
Q3. On December 1, 2020, Romeo's Delivery moved to a new commercial space. Rent is $975 per month. Romeo paid the first six months' rent as a deposit for the new lease. Assume a December 31, 2020 year end. Please provide only the accrual portion of the entry and provide any calculations.
Q4. Romeo's Delivery has three employees that are each paid $155 per day. On December 31, 2020, these employees had each worked two days since they were last paid. Please provide the correct adjusting entry, along with any supporting calculations.
Building a bridge to the 18th century
: In chapter eight, Democracy, Postman argues that democracy is also a narrative, and the meaning has changed over time. Generally speaking, there is agreement to
|
ACCG3001 Organisational Planning and Control Assignment
: ACCG3001 Organisational Planning and Control Assignment Help and Solution, Macquarie University - Assessment Writing Service
|
What is scarcity
: a. What is scarcity? If there are no scarcity of resources, then economics will be ceased to exist. you agree with statement? If your answer is yes, explain; if
|
Absolute advantage in pharma and clothing production
: In order to show that Germany has an absolute advantage in pharma and clothing production, what should be true about your two PPFs? The German PPF has to hit bo
|
What is the correct adjusting entry to record at year end
: The supplies inventory on December 31, 2020, amounts to $1,050. Assuming December 31, 2020 year end, what is the correct adjusting entry to record at year end
|
Evaluate environmental impact
: When planning to acquire an asset you need to evaluate its environmental impact. What are two factors you should consider?
|
Determine the compound value at the end of year
: If a firm deposit Rs.50,00,000 for 4 years at the rate of 8% interest and compounding is done on quarterly basis. Determine the compound value at the end
|
Draw the extensive form of game
: Consider a game with three players, Alan, Brad, and Cam. Alan moves ?rst and chooses either hot or warm or cold. Brad moves after Alan and observes what Alan ha
|
What did you realize while doing activity
: 1. What did you realize while doing this activity?
|