Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Prepare entries to record the following transactions:(a) a $5,000 cash investment made by the owner of a business.(b) $1,700 in revenue earned on account.(c) $2,500 of cash received in advance.(d) $750 of advertising paid in advance.(e) a $1,950 withdrawal(f) the collection of $650 in cash on account.(g) $275 of supplies purchased on account.(h) $420 of utilities expense owed.(i) a $215 cash payment made on account.(j) $700 of revenue earned in cash.
2. Before any adjustments have been recorded, unearned rent has a normal balance of $57. If $18 of rent remains unearned at year end, prepare the adjusting entry to record rental income earned.
3. On October 1 of the current year, a business prepaid $12 of property tax, in advance, for the next 12 months. As of December 31, it owed but had not yet recorded $6 in wages due in January of the following year. Prepare any adjusting and closing entries you think are needed at year end.
4. What would the normal balance be of a liability account a post closing trial balance? A revenue account? Drawing? Explain.
Finance this he withdrew an amount of R950 000 from his pension preservation fund on 1 February 2010 and balance of the purchase price was funded from his savings
How are standards used to develop both the static and flexible budget as well as in the calculation of variances?
Secret Prizes has 300 kilos of plastic in beginning inventory and wants to have 200 kilos in ending inventory. How much is total amount of budgeted direct labor for March?
What is the WACC based on the CFO’s preference (i.e., market value weights)? What is the WACC based on the president’s preference (book value weights)?
From a review of the last two years i.e., 2009 and 2010 annual reports of two Australian firms listed on the Australian Stock Exchange (ASX).
Journalize the transactions for the month of June for Goldenrod Warehouse, using a perpetual inventory system
Preparation of a set of 2014 financial statements for Kurgg Technology Corp, a company that purchases merchandise inventory for resale.
The trustee has a $700 short term capital loss carryover starting prior year. Prepare a Form 1041, and any required Schedule K-1 for Barclay Trust. Ignore alternative minimum tax . The bond is not private activity bonds. Attach schedule to illustr..
identification of defiances appears in financial statements.you recently joined the internal auditing department of kay
calculation of share of profits to partners.1. cytex corporation has a foreign subsidiary located in a country
Illustrate what is the suggested share price? if the dividends are suspended for 2 years and then continue as before, will the preferred share price rise or fall?
What is the amount and character of the profits Dina recognizes as a result of the distribution? Evaluate Dina's basis in the land?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd