Homework Answers
C.None of these.(the entry should be different from the above).
to eliminated inter company dividends, the following entry may be passed:
Investment a/c......xxx
..........To dividends payable a/c......xxx
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QUESTION 2 To eliminate intercompany dividends between related parties is done with the following journal entry:...
To eliminate intercompany dividends between related parties is done with the following journal entry: a. Dr....
To eliminate intercompany dividends between related parties is done with the following journal entry: a. Dr. Dividends Expense / Cr. Dividends Declared b. No journal entry to eliminate intercompany dividends c. None of these (the entry should be different from the above)
Question 20 What is the adjusting journal entry to record the accrual of 100 of unpaid...
Question 20 What is the adjusting journal entry to record the accrual of 100 of unpaid interest on a note payable? O A Dr. Interest Expense 100 C Cash 100 5. Dr Interest Payable 100 Cr Cash 100 O C. De Interest Expense 100 Cr Interest Payable.00 OD Dr. Interest Payable 190 Cr Interest Expense 100 E None of the above Click Submit to complete this assessment
Moving to the next question prevents changes to this answer. Question 13 For the journal entry--...
Moving to the next question prevents changes to this answer. Question 13 For the journal entry-- Dr. Cash 20000: Cr. Ruiz Capital 20000, what is the correct analysis of the journal entry? O A Cash, Asset, increases, Luis Ruiz, Equity. Capital, Decreases B. Cash, Asset, Increases, Luis Ruiz, Equity Capital, Increases O C Cash, Asset Increases; Luis Ruiz, Equity Expense, Increases OD Cash, Liability, Increases, Luis Ruiz, Equity.Capital, Decreases O E. None of the above Moving to the next question...
Which of the following is NOT a line in your journal entry to record... You disposed...
Which of the following is NOT a line in your journal entry to record... You disposed of Office Furniture for $2,000 cash. The furniture cost $8,000 and had accumulated depreciation of $5,000. Select one: O a. dr. Loss on Disposal of Assets $1,000 O b. dr. Accum.Depreciation - Office Furniture $5,000 O c. dr. Cash $2,000 O d.cr. Office Furniture $8,000 O ecr. Loss on Disposal of Assets - $1,000 Which of the following is NOT a line in your...
Question 10 For the journal entry-- Dr. Accounts Receivable 4800; Cr. Consulting Revenues 4800, what is...
Question 10 For the journal entry-- Dr. Accounts Receivable 4800; Cr. Consulting Revenues 4800, what is the correct analysis of the journal entry? A Accounts Receivable Asset Increases: Consulting Revenues, Equity-Revenue Decreases 6. Accounts Receivable Asset, Increases, Consulting Revenues, Equity Revenue Increase Accounts Receivable, Asset, Decreases Consulting Revenues, Equity-Revenue increases O D. Accounts Receivable, Asset Decreases Consulting Revenues, Equity-Expense Increases E. None of the above Moving to the next question prevents changes to this answer.
Using the periodic method, what is the journal entry to record the purchase of 2000 of merchandise inventory on account?
Using the periodic method, what is the journal entry to record the purchase of 2000 of merchandise inventory on account?A. Dr. Purchases 2,000 Cr. Cash 2,000B. Dr. Cash 2,000 Cr. Purchases 2,000C. Dr. Purchases 2,000 Cr. AccountsD. Dr. Merchandise Inventory 2,000 Cr. Accounts Receivable 2,000E. None of the above
1. Which of the following would be the adjusting journal entry to recognize earned but unpaid...
1. Which of the following would be the adjusting journal entry to recognize earned but unpaid wages for the period? a Dr. Wages Expense, Cr. Cash b Dr. Wages Payable, Cr. Cash c Dr. Wages Payable, Cr. Wages Expense d Dr. Wages Expense, Cr. Wages Payable 2. Which of the following would be the effect of a transaction to record the portion of prepaid rent that has expired in a period? a. increase Prepaid Rent, decrease Rent Expense b increase...
Dude Duds, Inc. is a clothing retailer specializing in affordable family apparel. Prepare journal entries and...
Dude Duds, Inc. is a clothing retailer specializing in affordable family apparel. Prepare journal entries and related adjusting entries (if any) for the transaction below for the first quarter ending March 31 of the current year. Obtained and paid building and liability insurance coverage from Northwest Insurance Company. The two-year policy began on Feb 1 and has a premium of $54,000. Select one: O a. No journal entry entry or adjusting entry required O b. Dr. Insurance expense $4,500; Cr....
Dude Duds, Inc. is a clothing retailer specializing in affordable family apparel. Prepare journal entries and...
Dude Duds, Inc. is a clothing retailer specializing in affordable family apparel. Prepare journal entries and related adjusting entries (if any) for the transaction below for the first quarter ending March 31 of the current year. Obtained and paid building and liability insurance coverage from Northwest Insurance Company. The two-year policy began on Feb 1 and has a premium of $54,000. Select one: O a. No journal entry entry or adjusting entry required O b. Dr. Insurance expense $4,500; Cr....
Question 5 For the journal entry-Dr Accounts Receivable 4800; C. Consulting Revenues 4800 what is the...
Question 5 For the journal entry-Dr Accounts Receivable 4800; C. Consulting Revenues 4800 what is the correct analysis of the journal entry O A Accounts Receivable, Asses, increases: Consulting Revenues Equity Revenue Decreases B. Accounts Receivable, Asset, Increases, Consulting Revenues Equity-Revenue Increase c. Accounts Receivable Asset, Decreases, Consulting Revenues Equity Revenue increases OD Accounts Receivable Asset Decreases Consulting Revenues, Equity Expense Increases E. None of the above Moving to the next question prevents changes to this answer. ho
Question 20 What is the adjusting journal entry to record the accrual of 100 of unpaid interest on a note payable? O A Dr. Interest Expense 100 C Cash 100 5. Dr Interest Payable 100 Cr Cash 100 O C. De Interest Expense 100 Cr Interest Payable.00 OD Dr. Interest Payable 190 Cr Interest Expense 100 E None of the above Click Submit to complete this assessment
Moving to the next question prevents changes to this answer. Question 13 For the journal entry-- Dr. Cash 20000: Cr. Ruiz Capital 20000, what is the correct analysis of the journal entry? O A Cash, Asset, increases, Luis Ruiz, Equity. Capital, Decreases B. Cash, Asset, Increases, Luis Ruiz, Equity Capital, Increases O C Cash, Asset Increases; Luis Ruiz, Equity Expense, Increases OD Cash, Liability, Increases, Luis Ruiz, Equity.Capital, Decreases O E. None of the above Moving to the next question...
Which of the following is NOT a line in your journal entry to record... You disposed of Office Furniture for $2,000 cash. The furniture cost $8,000 and had accumulated depreciation of $5,000. Select one: O a. dr. Loss on Disposal of Assets $1,000 O b. dr. Accum.Depreciation - Office Furniture $5,000 O c. dr. Cash $2,000 O d.cr. Office Furniture $8,000 O ecr. Loss on Disposal of Assets - $1,000 Which of the following is NOT a line in your...
Question 10 For the journal entry-- Dr. Accounts Receivable 4800; Cr. Consulting Revenues 4800, what is the correct analysis of the journal entry? A Accounts Receivable Asset Increases: Consulting Revenues, Equity-Revenue Decreases 6. Accounts Receivable Asset, Increases, Consulting Revenues, Equity Revenue Increase Accounts Receivable, Asset, Decreases Consulting Revenues, Equity-Revenue increases O D. Accounts Receivable, Asset Decreases Consulting Revenues, Equity-Expense Increases E. None of the above Moving to the next question prevents changes to this answer.
Dude Duds, Inc. is a clothing retailer specializing in affordable family apparel. Prepare journal entries and related adjusting entries (if any) for the transaction below for the first quarter ending March 31 of the current year. Obtained and paid building and liability insurance coverage from Northwest Insurance Company. The two-year policy began on Feb 1 and has a premium of $54,000. Select one: O a. No journal entry entry or adjusting entry required O b. Dr. Insurance expense $4,500; Cr....
Dude Duds, Inc. is a clothing retailer specializing in affordable family apparel. Prepare journal entries and related adjusting entries (if any) for the transaction below for the first quarter ending March 31 of the current year. Obtained and paid building and liability insurance coverage from Northwest Insurance Company. The two-year policy began on Feb 1 and has a premium of $54,000. Select one: O a. No journal entry entry or adjusting entry required O b. Dr. Insurance expense $4,500; Cr....
Question 5 For the journal entry-Dr Accounts Receivable 4800; C. Consulting Revenues 4800 what is the correct analysis of the journal entry O A Accounts Receivable, Asses, increases: Consulting Revenues Equity Revenue Decreases B. Accounts Receivable, Asset, Increases, Consulting Revenues Equity-Revenue Increase c. Accounts Receivable Asset, Decreases, Consulting Revenues Equity Revenue increases OD Accounts Receivable Asset Decreases Consulting Revenues, Equity Expense Increases E. None of the above Moving to the next question prevents changes to this answer. ho
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