What will be the December adjusting general journal entry

Assignment Help Accounting Basics
Reference no: EM133115538

Question - A vehicle company officers a one year manufacturer's warranty and sells an extended warranty good for an additional year 3-years for $1,700.00. The vehicle was sold on December 1, 2021. Assuming a repair was required on November 7, 2022 for $300.00, what will be the December 31, 2022 adjusting general journal entry?

Reference no: EM133115538

Questions Cloud

What profit margin would LeCompte need : What profit margin would LeCompte need in order to achieve the 15% ROE, holding everything else constant
What is the npv of expansion : A retail coffee company is planning to open 100 new coffee outlets that are expected to generate, in total, $15 million in free cash ?ows per year, with a growt
Determine the required return for high water : The risk-free rate is currently 3.49%. Use the following information to determine the required return for High Water, Inc.
Business is poker game and we are all bluffing : Discuss why Goldman Sachs was a disciple of Albert Carr's theory of "business is a poker game and we are all bluffing."
What will be the December adjusting general journal entry : Assuming a repair was required on November 7, 2022 for $300.00, what will be the December 31, 2022 adjusting general journal entry
Maintain a minimum public holding : Raising capital through IPO is one of the frequently used options for long-term finance. Currently the ownership of India Pharmaceuticals Limited is held by pro
What is the maximum number of withdrawals : What is the maximum number of $35,000 withdrawals that he can make and still have at least $25,000 left in the account
What is the npv of the project : You are considering a project that has an initial outlay of $1.2 million. The profitability index of the project is 2.64. What is the NPV of the project?
What the investor should pay for the mortgage instrument : 1. A mortgage instrument pays $1.5 million at the end of each of the next two years. An investor has an alternative investment with the same amount of risk that

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.

  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!

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