Homework Answers
| Date | Account Titles and Explanation | Debit | Credit |
| Jul. 1 | Prepaid insurance | $14,000 | - |
| Cash | - | $14,000 |
| Date | Account Titles and Explanation | Debit | Credit |
| Dec.31 | Insurance expense | $7,000 | - |
| Prepaid insurance | - | $7,000 |
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On July 1, 2022. Oriole Company pays $14,000 to Carla Vista Co.for a 1-year insurance contract....
On July 1, 2022. Oriole Company pays $14,000 to Carla Vista Co.for a 1-year insurance contract....
On July 1, 2022. Oriole Company pays $14,000 to Carla Vista Co.for a 1-year insurance contract. Both companies have fiscal years ending December 31. For Oriole Company, post the entries passed on July 1 and December 31. (Post entries in the order of journal entries presented in the previous part.) Prepaid Insurance Insurance Expense
On July 1, 2022. Carla Vista Co. pays $14,632 to Sandhill Co. for a 2-year insurance contract
On July 1, 2022. Carla Vista Co. pays $14,632 to Sandhill Co. for a 2-year insurance contract. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Sandhill Co. Sandhill uses the accounts Unearned Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Post the entry on July 1 and...
For Oriole Company, journalize the entry on July 1 and the annual adjusting entry on December...
For Oriole Company, journalize the entry on July 1 and the annual adjusting entry on December 31. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1 Insurance Expense 14,000 Prepaid Insurance 14,000 Dec. 31 7,000 7,000
On July 1, 2022. Crane Company pays $ 19,000 to Oriole Company for a 2-year insurance contract
On July 1, 2022. Crane Company pays $ 19,000 to Oriole Company for a 2-year insurance contract. Both companies have fiscal years ending December 31.Journatize the entry on July 1 and the adjusting entry on December 31 for Oriole Company. Oriole uses the accounts Unearned Service Revenue and Service Revenue. (Record joumal entries in the order presented in the probiem. If no entry is required, select " No Entry" for the account titles and enter 0 for the amounts. Credit...
On July 1, 2017, Carla Vista Co pays $16,000 to Sheridan Company for a 1-year insurance...
On July 1, 2017, Carla Vista Co pays $16,000 to Sheridan Company for a 1-year insurance contract. Both companies have fiscal years ending December PLUS Sport For Carla Vista Cojournalize the entry on July 1 and adjusting entry on December 31. (Record journal entries in the order presented in the problem. If no entry is required select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when the amount is entered. Do...
On July 1, 2017, Carla Vista Co. pays $16,000 to Sheridan Company for a 1-year insurance...
On July 1, 2017, Carla Vista Co. pays $16,000 to Sheridan Company for a 1-year insurance contract. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Sheridan Company. Sheridan uses the accounts Unearned Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit...
On July 1, 2019, Swifty Corporation pays $12.600 to Kalter Insurance Co.for a 3-year insurance contract....
On July 1, 2019, Swifty Corporation pays $12.600 to Kalter Insurance Co.for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Swifty Corporation, journalize and post the entry on July 1 and the annual adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles Debit Credit Prepaid Insurance Insurance Expense
On July 1, 2022, Blossom Company pays $15,624 to Sheridan Company for a 2-year insurance contract....
On July 1, 2022, Blossom Company pays $15,624 to Sheridan
Company for a 2-year insurance contract. Both companies have fiscal
years ending December 31.
For Blossom Company, journalize the entry on July 1 and the annual adjusting entry on December 31. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Debit Credit Account Titles and Explanation Unearned Service Revenue July 1 15624 1562...
Carla Vista Copaid $11.600 to purchase equipment on January 1, 2021. Carla Vista Co has a...
Carla Vista Copaid $11.600 to purchase equipment on January 1, 2021. Carla Vista Co has a December 31 fiscal year end and uses straight-line depreciation. The company estimates the equipment will have a 4-year useful life. Prepare the journal entry to record the purchase of the equipment on January 1, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for...
Question 3 of 12 -/1 View Policies Current Attempt in Progress On July 1, 2022, Carla...
Question 3 of 12 -/1 View Policies Current Attempt in Progress On July 1, 2022, Carla Vista Co. pays $14,632 to Sandhill Co.for a 2-year insurance contract. Both companies have fiscal years ending December 31 Journalize the entry on July 1 and the adjusting entry on December 31 for Sandhill Co. Sandhill uses the accounts Unearned Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount...
On July 1, 2022. Oriole Company pays $14,000 to Carla Vista Co.for a 1-year insurance contract. Both companies have fiscal years ending December 31. For Oriole Company, post the entries passed on July 1 and December 31. (Post entries in the order of journal entries presented in the previous part.) Prepaid Insurance Insurance Expense
For Oriole Company, journalize the entry on July 1 and the annual adjusting entry on December 31. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1 Insurance Expense 14,000 Prepaid Insurance 14,000 Dec. 31 7,000 7,000
On July 1, 2022. Crane Company pays $ 19,000 to Oriole Company for a 2-year insurance contract. Both companies have fiscal years ending December 31.Journatize the entry on July 1 and the adjusting entry on December 31 for Oriole Company. Oriole uses the accounts Unearned Service Revenue and Service Revenue. (Record joumal entries in the order presented in the probiem. If no entry is required, select " No Entry" for the account titles and enter 0 for the amounts. Credit...
On July 1, 2017, Carla Vista Co pays $16,000 to Sheridan Company for a 1-year insurance contract. Both companies have fiscal years ending December PLUS Sport For Carla Vista Cojournalize the entry on July 1 and adjusting entry on December 31. (Record journal entries in the order presented in the problem. If no entry is required select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when the amount is entered. Do...
On July 1, 2019, Swifty Corporation pays $12.600 to Kalter Insurance Co.for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Swifty Corporation, journalize and post the entry on July 1 and the annual adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles Debit Credit Prepaid Insurance Insurance Expense
On July 1, 2022, Blossom Company pays $15,624 to Sheridan
Company for a 2-year insurance contract. Both companies have fiscal
years ending December 31.
For Blossom Company, journalize the entry on July 1 and the annual adjusting entry on December 31. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Debit Credit Account Titles and Explanation Unearned Service Revenue July 1 15624 1562...
Carla Vista Copaid $11.600 to purchase equipment on January 1, 2021. Carla Vista Co has a December 31 fiscal year end and uses straight-line depreciation. The company estimates the equipment will have a 4-year useful life. Prepare the journal entry to record the purchase of the equipment on January 1, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for...
Question 3 of 12 -/1 View Policies Current Attempt in Progress On July 1, 2022, Carla Vista Co. pays $14,632 to Sandhill Co.for a 2-year insurance contract. Both companies have fiscal years ending December 31 Journalize the entry on July 1 and the adjusting entry on December 31 for Sandhill Co. Sandhill uses the accounts Unearned Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount...
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