Business, 10.09.2019 19:30 mpete1234567890
In analyzing the december 31, the end of an annual fiscal period. accounts of sydney corporation, the adjusting data listed below are determined on dec 31, the end of an annual fiscal period(a) the prepaid insurance account shows a debit of $6,000, representing the cost of a two-year earthquake insurance policy dated july 1(b) on august 1, rent revenue was credited for $9,450, representing revenue from subrental for a seven-month period beginning on that date.(c) purchase of advertising materials for $3,550 during the year was recorded in the advertising expense account. on december 31, advertising materials costing $500 are on ha(d) on november 1, $4,200 was paid for rent for a six-month period beginning on that date. the rent nd. expense account was debited(e) miscellaneous office expense was debited for office supplies of $950 purchased during the year on december 31, office supplies of $125 are on hand.(f) interest of $534 has accrued on notes payable1. give the adjusting entry for each item.2. what sources would provide the information for each adjustment?
Answers: 2
Business, 22.06.2019 11:10
Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?
Answers: 3
Business, 22.06.2019 18:40
Under t, the point (0,2) gets mapped to (3,0). t-1 (x,y) →
Answers: 3
Business, 22.06.2019 18:50
Dominic is the founder of an innovative "impromptu catering" business that provides elegant, healthy party food and decorations on less than 24 hours' notice. the company has grown by over 150 percent in the past year. dominic credits some of the company's success to studying the strategies of prominent social entrepreneurs, such as wikipedia's jimmy wales. what can dominic do to exemplify the social entrepreneurship model?
Answers: 2
Business, 22.06.2019 19:00
Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.
Answers: 2
In analyzing the december 31, the end of an annual fiscal period. accounts of sydney corporation, th...
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