User Account

All Pages

What was no previous record of the transaction

Assignment Help Accounting Basics
Reference no: EM132574477

Question 1: An invoice from a consultant was received for work done in May 2019. There was no previous record of the transaction. It will be paid in July 2019. In May 2019:

Select one:

a. a liability increased and an expense increased.

b. no entry is required until the next accounting period.

c. an asset decreased and a liability decreased.

d. an asset decreased and an expense increased.

Reference no: EM132574477

Questions Cloud

What is the value and purpose of apa in academic writing : What is the value and purpose of APA in academic writing? What are some strategies that can be used to adhere to APA standards?
What controls can be implemented to prevent the fraud : What type of fraud is this and what controls can be implemented to prevent or detect the fraud? A purchasing agent for a home improvement center is part owner
Calculate the lease payment fiona ltd will charge shrek : Calculate the lease payment Fiona Ltd. will charge Shrek (assuming no mark-up of the machinery from fair value). Round to the nearest dollar
Create porter five forces model of ebay in word : What does your five forces analysis reveal about the nature and strength of the various competitive pressures eBay faces?
What was no previous record of the transaction : An invoice from a consultant was received for work done in May 2019. There was no previous record of the transaction. It will be paid in July 2019. In May 2019
Design a data flow diagram of the current system : DURAPLAST's sales department consists of 17 full-time and part-time employees. Design a data flow diagram of the current system
Level of value-creating diversification : From the e-Activity, suggest one way the company you researched could increase its level of value-creating diversification.
Calculate overhead allocated for the month of january : Calculate overhead allocated for the month of January 2020. Calculate predetermined overhead allocation rate. Scoot used 300 machine hours
Calculate the contribution margin ratio : Accents Associates sells only one product, with a current selling price of $150 per unit. Calculate the contribution margin ratio

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is financial advantage of accepting the special order

What is the financial advantage (disadvantage) of accepting the special order from the wedding party? Should the company accept the special order

  Discuss some advantages a in using each technique

As a capital budgeting technique, explain the differences and similarities between NPV, IRR, and PI. Discuss some advantages and disadvantages.

  What is the company predetermined overhead rate

What is the company's predetermined overhead rate? How much manufacturing overhead was applied to Job P and Job Q

  Prepare any necessary journal entries for each transactions

Prepare any necessary journal entries for each of the chronological transactions listed above. Make sure each journal entry is complete

  What is the geographic presence in the industry

ANNUAL REPORT PROJECT - What is the geographic presence in the industry (local, U.S. only, multinational, or global)? What is the industry

  What is Eds at-risk amount at the end of the year

In the current year, Ed invests $35,300 in an oil partnership. What is Eds at-risk amount at the end of the year

  Absorption costing income statement

Trez Company began operations this year. During this first year, the company produced 100,000 units and sold 80,000 units. The absorption costing income statement for its first year of operations follows.

  The building and equipment are estimated to cost 2000000

thurman munster the owner of adams family rvs is considering the addition of a service center his lot. the building and

  What would you say about dr candlers teaching ability

How would you respond to the professor from Oregon Coastal University? What would you say about Dr. Candler's teaching ability?

  What is the difference between the two alternatives

Bill Corporation currently manufactures a subassembly for its main product. What is the difference between the two alternatives

  Prepare a sales budget by product and in total for alger inc

Prepare a sales budget by product and in total for Alger Inc. for the coming year. Do not include a multiplication symbol as part of your answer.

  Make the adjusting entries based on the reconciliation

A debit of $572.80 for an NSF check written by D. Chagnon, a customer. Prepare the adjusting entries based on the reconciliation

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