Homework Answers
Only assets will change because of prepaid insurance. All the remaining amount are zero.
| Assets | |
| Prepaid insurance | +$3,144 |
| Cash | -$3,144 |
Add Answer to:
Check my v Required information (The following information applies to the questions displayed below.) A company...
Required information (The following information applies to the questions displayed below.) A company makes the payment...
Required information (The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $3,144 on March 1, 2019. b-1. Use the horizontal model to show the amount of insurance premium "used" that month. (Use amounts with + for it amounts with - for decreases.) Balance Sheet Liabilities Assets + Stockholders' Equity - Net Income -
Required information [The following information applies to the questions displayed below.) A company makes the payment...
Required information [The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $3,864 on March 1, 2019. a-1. Use the horizontal model to record the above transaction. (Use amounts with + for increases and amounts with - for decreases.) Balance Sheet Assets Liabilities + Stockholders' Equity Net Income = Income Statement Revenues Expenses
Required information [The following information applies to the questions displayed below.) A company makes the payment...
Required information [The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $3,864 on March 1, 2019. b-1. Use the horizontal model to show the amount of insurance premium "used" that month. (Use amounts with + for increases and amounts with - for decreases.) Balance Sheet Assets Liabilities + Stockholders' Equity Net Income = Income Statement Revenues Expenses
Required information [The following information applies to the questions displayed below.] A company makes the payment...
Required information [The following information applies to the questions displayed below.] A company makes the payment of a one-year insurance premium of $3,504 on March 1, 2019. a-1. Use the horizontal model to record the above transaction. (Use amounts with + for increases and amounts with - for decreases.) Balance Sheet Assets Liabilities + Stockholders' Ec Required information [The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $3,504 on...
Required information (The following information applies to the questions displayed below.) A company makes the payment...
Required information (The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $4,632 on March 1, 2019. a-1. Use the horizontal model to record the above transaction. (Use amounts with + for increases and amounts with - for Balance Sheet Assets Liabilities Stockholders' Equity Income Statement Net Income Revenues Expenses Required information [The following information applies to the questions displayed below.] A company makes the payment of a one-year Insurance...
Check my work Required information The following information applies to the questions displayed below) A company...
Check my work Required information The following information applies to the questions displayed below) A company makes the payment of a one-year insurance premium of $3,144 on March 1, 2019. C. Calculate the amount of prepaid insurance that should be reported on the December 31, 2019, balance sheet with respect to this policy. Prepaid insurance
Check my w Required information The following information applies to the questions displayed below.) A company...
Check my w Required information The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $3,144 on March 1, 2019. d. If the premium had been $6,288 for a two-year period, how should the prepaid amount at December 31, 2019, be reported or balance sheet? Non-current asset Current asset < Prev 11 12 of 12 !!! Next >
Check ! Required information [The following information applies to the questions displayed below.) Agrico Inc. accepted...
Check ! Required information [The following information applies to the questions displayed below.) Agrico Inc. accepted a 10-month, 11% (annual rate), $4,450 note from one of its customers on May 15, 2019; interest is payable with the principal at maturity. Required: a-1. Prepare the horizontal model to record the interest earned by Agrico during its year ended December 31, 2019. (Use amounts with + for increases and amounts with - for decreases. Do not round your intermediate calculation. Round your...
Required information [The following information applies to the questions displayed below.) On November 1, 2019, Wenger...
Required information [The following information applies to the questions displayed below.) On November 1, 2019, Wenger Co. paid its landlord $4,080 in cash as an advance rent payment on its store location. The six-month lease period ends on April 30, 2020, at which time the contract may be renewed. Required: a-1. Prepare the horizontal model to record the six-month advance rent payment on November 1, 2019. (Use amounts with + for increases and amounts with - for decreases.) Balance Sheet...
! Required information [The following information applies to the questions displayed below.] Husemann Co.'s assets include...
! Required information [The following information applies to the questions displayed below.] Husemann Co.'s assets include notes receivable from customers. During fiscal 2019, the amount of notes receivable averaged $45,200, and the interest rate of the notes averaged 8.7%. a-2. Prepare a horizontal model that accrues the interest revenue earned from the notes. (Use amounts with + for increases and amounts with – for decreases) Balance Sheet Assets Liabilities + Stockholders' Equity Net Income Revenu Income Statement ome Revenues Expenses...
Required information (The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $3,144 on March 1, 2019. b-1. Use the horizontal model to show the amount of insurance premium "used" that month. (Use amounts with + for it amounts with - for decreases.) Balance Sheet Liabilities Assets + Stockholders' Equity - Net Income -
Required information [The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $3,864 on March 1, 2019. a-1. Use the horizontal model to record the above transaction. (Use amounts with + for increases and amounts with - for decreases.) Balance Sheet Assets Liabilities + Stockholders' Equity Net Income = Income Statement Revenues Expenses
Required information [The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $3,864 on March 1, 2019. b-1. Use the horizontal model to show the amount of insurance premium "used" that month. (Use amounts with + for increases and amounts with - for decreases.) Balance Sheet Assets Liabilities + Stockholders' Equity Net Income = Income Statement Revenues Expenses
Required information [The following information applies to the questions displayed below.] A company makes the payment of a one-year insurance premium of $3,504 on March 1, 2019. a-1. Use the horizontal model to record the above transaction. (Use amounts with + for increases and amounts with - for decreases.) Balance Sheet Assets Liabilities + Stockholders' Ec Required information [The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $3,504 on...
Required information (The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $4,632 on March 1, 2019. a-1. Use the horizontal model to record the above transaction. (Use amounts with + for increases and amounts with - for Balance Sheet Assets Liabilities Stockholders' Equity Income Statement Net Income Revenues Expenses Required information [The following information applies to the questions displayed below.] A company makes the payment of a one-year Insurance...
Check my work Required information The following information applies to the questions displayed below) A company makes the payment of a one-year insurance premium of $3,144 on March 1, 2019. C. Calculate the amount of prepaid insurance that should be reported on the December 31, 2019, balance sheet with respect to this policy. Prepaid insurance
Check my w Required information The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $3,144 on March 1, 2019. d. If the premium had been $6,288 for a two-year period, how should the prepaid amount at December 31, 2019, be reported or balance sheet? Non-current asset Current asset < Prev 11 12 of 12 !!! Next >
Check ! Required information [The following information applies to the questions displayed below.) Agrico Inc. accepted a 10-month, 11% (annual rate), $4,450 note from one of its customers on May 15, 2019; interest is payable with the principal at maturity. Required: a-1. Prepare the horizontal model to record the interest earned by Agrico during its year ended December 31, 2019. (Use amounts with + for increases and amounts with - for decreases. Do not round your intermediate calculation. Round your...
Required information [The following information applies to the questions displayed below.) On November 1, 2019, Wenger Co. paid its landlord $4,080 in cash as an advance rent payment on its store location. The six-month lease period ends on April 30, 2020, at which time the contract may be renewed. Required: a-1. Prepare the horizontal model to record the six-month advance rent payment on November 1, 2019. (Use amounts with + for increases and amounts with - for decreases.) Balance Sheet...
! Required information [The following information applies to the questions displayed below.] Husemann Co.'s assets include notes receivable from customers. During fiscal 2019, the amount of notes receivable averaged $45,200, and the interest rate of the notes averaged 8.7%. a-2. Prepare a horizontal model that accrues the interest revenue earned from the notes. (Use amounts with + for increases and amounts with – for decreases) Balance Sheet Assets Liabilities + Stockholders' Equity Net Income Revenu Income Statement ome Revenues Expenses...
Most questions answered within 3 hours.
-
You found out that now you are going to receive payments of
$8,500 for the next...
asked 41 seconds ago -
17.
Technician A says that leaking components are usually repaired
rather than replaced. Technician B says...
asked 1 minute ago -
A) An Operon is:?
1- A gene that affect another gene
transcription.
2. A gene coding...
asked 7 minutes ago -
When opening a file, use this method to determine whether a file
exists before you attempt...
asked 12 minutes ago -
Sales total $300,000 when variable costs total $180,000 and
fixed costs are $60,000. Breakeven sales total:...
asked 19 minutes ago -
1)
To calculate the depth of a water well, an explorer drops a stone and with...
asked 16 minutes ago -
0.429-g sample of gas occupies 125 mL at 60. cm of Hg and 25°C.
The molar...
asked 18 minutes ago -
The
pH of a 0.90M solution of boric acid (H3BO3) is measured to be
4.64.
Calculate...
asked 37 minutes ago -
on april 10, a company acquired land valued at $58,000 in
exchange for 1,000 shares of...
asked 42 minutes ago -
Is
ampicillin or solvents (such as acetone) more effective at killing
off bacteria, in general? Explain...
asked 48 minutes ago -
The current risk-free rate is 4.0% and the market risk premium
is 5.0%. If Ford Motor...
asked 1 hour ago -
Advances in technology have increased our opportunities to
connect with others. Along with the benefits of...
asked 1 hour ago