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!
The following events apply to The Ice Cream Parlor for the 2013 fiscal year:
1. The company started when it acquired $20,000 cash from the issue of common stock. 2. Purchased a new ice cream machine that cost $20,000 cash. 3. Earned $36,000 in cash revenue. 4. Paid $21,000 cash for salaries expense. 5. Paid $6,000 cash for operating expenses. 6. Adjusted the records to reflect the use of the ice cream machine. The machine, purchased on January 1, 2013, has an expected useful life of five years and an estimated salvage value of $5,000. Use straight line depreciation. The adjusting entry was made as of December 31, 2013.
Required:
a. Record the events in general journal format and post to T-accounts. b. What amount of depreciation expense would The Ice Cream Parlor report on the 2014 income statement? c. What amount of accumulated depreciation would The Ice Cream Parlor report on the December 31, 2014, balance sheet? d. Would the cash flow from operating activities be affected by depreciation in 2014?
you are opening a new retail shop and estimated fixed costs for the vacant facility are 7500 per month. estimate that
a company purchases merchandise on terms of 410 n60. they can borrow at 13 percent from their bank. should they borrow
SaiTu Village reported outstanding long term bonds payable of $ 6,000,000 in the governmental activities column of its government wide statement of net position for the year ended December 31, 2013.
the gray corporation makes t-shirts and had the following costs related to the production of 1000 shirts direct
dollar general corporation operates approximately 9400 general merchandise stores that feature quality merchandise at
For multiple-choice questions, select the best answer. Answer each item by giving the number of your choice. Incorrect answers will be marked as zero. Multiple-choice questions must be completed in your Assignment Submission section. This portion ..
Prepare a proposal addressed to Ed Silver - Reasons for switching to a computerized office and how it will benefit the business.
The building was completed on September 30, 2014.
the ceo of smart phone cases llc is preparing a loan application to be used for expansion. using the data below only
federal semiconductors issued 11 bonds dated january 1 with a face amount of 880 million on january 1 2013. the bonds
In the consolidated income statement of Push Company and its subsidiary, Shove Corporation, the noncontrolling interest was assigned $24,000 of income for 2009. What amount of net income did Shove report for 2009 if Push owns 80 percent of Shove?
what is an example of a significant accounting estimate? what is the importance of these estimates? how do ethics play
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