Adjusting Entries On May 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Dependable Realty. a. Fees accrued but unbilled at May 31 are $9,110. b. The supplies account balance on May 31 is $3,000. The supplies on hand at May 31 are $860. c. Wages accrued but not paid at May 31 are $1,150. d. The unearned rent account balance at May 31 is $8,940, representing the receipt of an advance payment on May 1 of three months' rent from tenants. e. Depreciation of office equipment is $1,520.

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

An allergy products superstore buys 6000 of their most popular model of air filters each year. the price of the air filters is $18. the cost of ordering and receiving shipments is $12 per order. accounting estimates annual carrying costs are 20% of the price. the supplier lead time is 2 days. the store operates 240 days per year. each order is received from the supplier in a single delivery. there are no quantity discounts. what is the store’s minimum total annual cost of placing orders & carrying inventory?

The adjusted trial balance for china tea company at december 31, 2018, is presented below: