Windsor advertising companys trial balance at december 31

Assignment Help Accounting Basics
Reference no: EM13605662

Windsor Advertising Company's trial balance at December 31 shows Advertising Supplies $6,700 and Advertising Supplies Expense $0. On December 31, there are $2,700 of supplies on hand.

Prepare the adjusting entry at December 31.

Date Account/Description Debit Credit
Dec. 31

Using T accounts, enter the balances in the accounts listed below, post the adjusting entry as necessary, and indicate the adjusted balance in each account. (If there is no transaction, enter 0 for the amount.)

Advertising Supplies
12/31 12/31

12/31 Bal. 12/31 Bal.Advertising Supplies Expense
12/31 12/31

Reference no: EM13605662

Questions Cloud

An ore sample weighs 200n in air when the sample is : an ore sample weighs 20.0n in air. when the sample is suspended by a light cord and totally immersed in water the
In recent years juresic transportation purchased three used : in recent years juresic transportation purchased three used buses. because of frequent turnover in the accounting
Now the valve is opened and the entire system is allowed to : a 2 m3 tank containing nitrogen at 25oc and 500kpa is connected through a valve to another tank containing 3kg of
On january 1 cbu installed a new computer system for : on january 1 cbu installed a new computer system for tracking and calculating inventory costs. on december 31 at
Windsor advertising companys trial balance at december 31 : windsor advertising companys trial balance at december 31 shows advertising supplies 6700 and advertising supplies
Below is the budgeted production and sales information for : below is the budgeted production and sales information for bluebird company for the month of december product xxx
Determine the specific volume of superheated water vapor at : determine the specific volume of superheated water vapor at 15mpa and 350oc using a the ideal gas equation b the
Selecting a for-profit organization of interest you will : selecting a for-profit organization of interest you will research an unusual or conflicting accounting principle that
You are designing a diving bell to withstand the pressure : you are designing a diving bell to withstand the pressure of seawater at a depth of 350 m .part a what is the gauge

Reviews

Write a Review

Accounting Basics Questions & Answers

  At a recent company meeting an employee remarks we were

at a recent company meeting an employee remarks we were working so hard to get the income for our bonus this year. then

  What are the retained earnings

Rockwell Corporation had a net income of $150,000 for the year ending 2009. The company decided to payout 40% of earnings per share as a dividend. Rockwell has 120,000 shares issued and outstanding. What are the retained earnings for the 2009?

  In may of the current year s makes a gift of land basis of

in may of the current year s makes a gift of land basis of 60000 fmv of 240000 to his aunt t. after the gift aunt t

  Accounts receivable-allowance for doubtful accounts

Prepare the entry to record bad debts expense for the period. Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. What is the net realizable value of the receivables at the end of the period?

  Company reported income in 2011 of 5000000 and

company reported income in 2011 of 5000000 and stockholdersu2019 equity at december 31 2011 of 40000000. the cfo of s.

  Parc a large profitable firm has an opportunity to expand

parc a large profitable firm has an opportunity to expand one of its production facilities at a cost of 375000. the

  Hen house inc collects all subscription revenue in advance

hen house inc. collects all subscription revenue in advance. at december 31 2011 the company owed 50000 to customers

  Hagos corporation is working on its direct labor budget for

hagos corporation is working on its direct labor budget for the next two months. each unit of output requires 0.84

  Carol keene corporate comptroller for dumaine industries is

carol keene corporate comptroller for dumaine industries is trying to decide how to present property plant and

  Prepare a cost of goods sold section for the year

The trial balance of G. Durler Company at the end of its fiscal year, August 31, 2010, includes these accounts: Merchandise Inventory $17,200; Purchases $149,000.

  Many businesses borrow money during periods of increased

many businesses borrow money during periods of increased business activity to finance inventory and accounts

  Characteristics of a sole proprietorship

What are three characteristics of a sole proprietorship - Are these characteristics the same as or different from those of a partnership?

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