Use the following information from the Adjustments columns of a 10-column work sheet. Adjustments No. Account Title Dr. Cr. 109 Interest receivable (d) $ 628 124 Office supplies (b) $ 1,716 128 Prepaid insurance (a) 966 164 Accumulated depreciation—Office equipment (c) 3,300 209 Salaries payable (e) 708 409 Interest revenue (d) 628 612 Depreciation expense—Office equipment (c) 3,300 620 Office salaries expense (e) 708 636 Insurance expense—Office equipment (a) 464 637 Insurance expense—Store equipment (a) 502 650 Office supplies expense (b) 1,716 Totals $ 7,318 $ 7,318 Prepare the necessary adjusting journal entries (a) through (e).
Answers: 1
Business, 22.06.2019 02:20
Larissa has also provided the following information. during the year, the company raised $36 million in new long-term debt and retired $20.52 million in long-term debt. the company also sold $22 million in new stock and repurchased $32.4 million. the company purchased $54 million in fixed assets, and sold $6,107,400 in fixed assets. larissa has asked dan to prepare the financial statement of cash flows and the accounting statement of cash flows. she has also asked you to answer the following questions: 1. how would you describe east coast yachts' cash flows? 2. which cash flows statement more accurately describes the cash flows at the company? 3. in light of your previous answers, comment on larissa's expansion plans.
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Business, 22.06.2019 10:40
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Business, 23.06.2019 07:30
What criteria does a company have to meet to be considered a monopoly?
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Use the following information from the Adjustments columns of a 10-column work sheet. Adjustments No...
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