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Homework Answers
The amount of Interest expense that should appear in 2019 income statement
= Beginning balance + additional purchase - Ending balance
= 900+600-500
= 1000
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please explain the answer to
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Return to question 15 The correct amount of prepaid...
mework Check my work Brokeback Towing Company is at the end of its accounting year, December...
mework Check my work Brokeback Towing Company is at the end of its accounting year, December 31, 2018. The following data that must be considered were developed from the company's records and related documents: a. On July 1, 2018, a two-year insurance premium on equipment in the amount of $1,000 was paid and debited in full to Prepaid Insurance on that date. Coverage began on July 1, b. At the end of 2018, the unadjusted balance in the Supplies account...
PLEASE ANSWER ALL THREE Fes Company is making adjusting Journal entries for the year ended December...
PLEASE ANSWER ALL THREE
Fes Company is making adjusting Journal entries for the year ended December 31, 2018. In developing Information for the adjusting Journal entries, you learned the following: a. A two-year Insurance premium of $7,300 was paid on January 1, 2018. for coverage beginning on that date. As of December 31. 2018. the unadjusted balances were $7,300 for Prepaid Insurance and $0 for insurance Expense. b. At December 31, 2018, you obtained the following data relating to supplies....
Incorrect for the work you have completed so for. It does not indicate completion Return to...
Incorrect for the work you have completed so for. It does not indicate completion Return to question 8 Brokeback Towing Company is at the end of its accounting year, December 31, 2018. The following data that must be considered were developed from the company's records and related documents: 125 points 8 00:57:34 a. On July 1, 2018, a two-year Insurance premium on equipment in the amount of $600 was paid and debited in full to Prepaid Insurance on that date....
PRALIL for each of the following independent situations Compute the amounts indicated for each of th....
PRALIL for each of the following independent situations Compute the amounts indicated for each of th. Situation A B 1 ? $1.300 $600 $3,300 $2.500 54 300 52.600 Beginning prepaid insurance balance Cash payments for insurance during the year Ending prepaid insurance balance Insurance expense on the income statement $600 $1,400 $2,600 $4,250 $1,700 $1,150 ? ed account balances and adjustment data are for Global Advertising. on Dec.31: PRACTICE QUESTION 2 The following unadjusted account balances a $14,000 15,500 1,600...
Can you just answer the adjusted trial balance MIX Inc. is a service business incorporated on...
Can you just answer the adjusted trial balance
MIX Inc. is a service business incorporated on January 1, 2018 to provide personal training for athletes aspiring to play college sports. The following is a simplified list of accounts and amounts reported in its accounting records at the beginning of its second quarter of operations on April 1, 2018(the amounts are in thousands of dollars) The accounts have normal debit or credit balances. Accounts Payable S 600 Notes Payable (long-term) 300...
Debit Credit Building Cash Office Supplies Fumiture Prepaid Insurance Accumulated Depreciation Furniture Land Accumulated Depreciation Building...
Debit Credit Building Cash Office Supplies Fumiture Prepaid Insurance Accumulated Depreciation Furniture Land Accumulated Depreciation Building Accounts Receivable $140,000 6,000 900 6,000 $3,000 33,000 4,500 2,200 he insurance has been prepaid until June 30, 2019. Determine the amount of total current assets reported on the balance sheet at December 31, 2018 O A. $14,200 ов. s6900 OC. $9,550 O D. $7,350
Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts receivable...
Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts receivable $12,700 Inventories 42,000 Patent 12,500 Investments 30,700 Prepaid insurance 6,700 Note receivable, due 2021 51,800 Investments consist of treasury bills that were purchased in November, 2018 and mature in January, 2019. Prepaid insurance is for two years. What amount should be included in the current asset section of Janson’s December 31, 2018, balance sheet? Multiple Choice $ 140,550. $ 92,100. $ 88,750. $ 58,050.
i want the income statement, statement of retained earnings, and balance sheet 2 MIX Inc. is...
i want the income statement, statement of retained earnings, and
balance sheet
2 MIX Inc. is a service business incorporated on January, 2018 to provide personal training for athletes aspiring to play college sports. The following is a simplified list of accounts and amounts reported in its accounting records at the beginning of its second quarter of operations on April 1, 2018(the amounts are in thousands of dollars). The accounts have normal debit or credit balances. Accounts Payable $ 600...
on August 1, 2019, a firm prepaid $53,520 for 2 years'... 101 5 of 33 0...
on August 1, 2019, a firm prepaid $53,520 for 2
years'...
101 5 of 33 0 Due in less than 12 hours Multiple Choice Question On August 1, 2019, a firm prepaid $53,520 for 2 years' rent of an office building. On March 1, 2020, the firm prepaid $34,800 for 2 years' rent of a warehouse. The rent agreements on both buildings went into effect on the dates the rents were prepaid. What amount will be shown for prepaid rent...
The unadjusted trial balance for a company as of December 31, 2015 appears below. Debit Credit...
The unadjusted trial balance for a company as of December 31, 2015 appears below. Debit Credit Cash $1,200 900 Accounts Receivable Prepaid Insurance Supplies Land Office Furniture 900 2,000 10,000 4,500 Accounts Payable 900 Unearned Revenue 1,500 Note Payable 5,500 Common Stock 3,000 Retained Earnings 7,400 Dividends 1,100 Service Revenues 4,100 Rent Expense 600 Salaries Expense 1.200 $22,400 $22,400 Additional Information: 1. The Company paid $900 for a one-year insurance policy on July 1, 2015 2. The office furniture was...
mework Check my work Brokeback Towing Company is at the end of its accounting year, December 31, 2018. The following data that must be considered were developed from the company's records and related documents: a. On July 1, 2018, a two-year insurance premium on equipment in the amount of $1,000 was paid and debited in full to Prepaid Insurance on that date. Coverage began on July 1, b. At the end of 2018, the unadjusted balance in the Supplies account...
PLEASE ANSWER ALL THREE
Fes Company is making adjusting Journal entries for the year ended December 31, 2018. In developing Information for the adjusting Journal entries, you learned the following: a. A two-year Insurance premium of $7,300 was paid on January 1, 2018. for coverage beginning on that date. As of December 31. 2018. the unadjusted balances were $7,300 for Prepaid Insurance and $0 for insurance Expense. b. At December 31, 2018, you obtained the following data relating to supplies....
Incorrect for the work you have completed so for. It does not indicate completion Return to question 8 Brokeback Towing Company is at the end of its accounting year, December 31, 2018. The following data that must be considered were developed from the company's records and related documents: 125 points 8 00:57:34 a. On July 1, 2018, a two-year Insurance premium on equipment in the amount of $600 was paid and debited in full to Prepaid Insurance on that date....
PRALIL for each of the following independent situations Compute the amounts indicated for each of th. Situation A B 1 ? $1.300 $600 $3,300 $2.500 54 300 52.600 Beginning prepaid insurance balance Cash payments for insurance during the year Ending prepaid insurance balance Insurance expense on the income statement $600 $1,400 $2,600 $4,250 $1,700 $1,150 ? ed account balances and adjustment data are for Global Advertising. on Dec.31: PRACTICE QUESTION 2 The following unadjusted account balances a $14,000 15,500 1,600...
Can you just answer the adjusted trial balance
MIX Inc. is a service business incorporated on January 1, 2018 to provide personal training for athletes aspiring to play college sports. The following is a simplified list of accounts and amounts reported in its accounting records at the beginning of its second quarter of operations on April 1, 2018(the amounts are in thousands of dollars) The accounts have normal debit or credit balances. Accounts Payable S 600 Notes Payable (long-term) 300...
Debit Credit Building Cash Office Supplies Fumiture Prepaid Insurance Accumulated Depreciation Furniture Land Accumulated Depreciation Building Accounts Receivable $140,000 6,000 900 6,000 $3,000 33,000 4,500 2,200 he insurance has been prepaid until June 30, 2019. Determine the amount of total current assets reported on the balance sheet at December 31, 2018 O A. $14,200 ов. s6900 OC. $9,550 O D. $7,350
i want the income statement, statement of retained earnings, and
balance sheet
2 MIX Inc. is a service business incorporated on January, 2018 to provide personal training for athletes aspiring to play college sports. The following is a simplified list of accounts and amounts reported in its accounting records at the beginning of its second quarter of operations on April 1, 2018(the amounts are in thousands of dollars). The accounts have normal debit or credit balances. Accounts Payable $ 600...
on August 1, 2019, a firm prepaid $53,520 for 2
years'...
101 5 of 33 0 Due in less than 12 hours Multiple Choice Question On August 1, 2019, a firm prepaid $53,520 for 2 years' rent of an office building. On March 1, 2020, the firm prepaid $34,800 for 2 years' rent of a warehouse. The rent agreements on both buildings went into effect on the dates the rents were prepaid. What amount will be shown for prepaid rent...
The unadjusted trial balance for a company as of December 31, 2015 appears below. Debit Credit Cash $1,200 900 Accounts Receivable Prepaid Insurance Supplies Land Office Furniture 900 2,000 10,000 4,500 Accounts Payable 900 Unearned Revenue 1,500 Note Payable 5,500 Common Stock 3,000 Retained Earnings 7,400 Dividends 1,100 Service Revenues 4,100 Rent Expense 600 Salaries Expense 1.200 $22,400 $22,400 Additional Information: 1. The Company paid $900 for a one-year insurance policy on July 1, 2015 2. The office furniture was...
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