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All wedding photographs are paid for in advance. During the year, Bartow received $12,600 for wedding...
At year end, Bartow estimates that the unpaid utilities total $500. Account Names DR CR Show any necessary calculations Mark for Review What's This? Save Submit for Grading g K acer
During December, Bartow photographed 225 members of the next year's graduating class of Show High School Bartow delivers these photographs on December 28 and will bill the school $5.00 per student in January of the next yeur Account Names DR Show any necessary calculations Mark for Review What's This? 1 points Question 3 of 5 Equipment used for developing and printing was rented for $22,500. The real term was for 1 year beginning on August and the entire year of...
Supplies at the beginning of the year were $2.400. During the year, supplies Casting $19,600 were purchased. At year end, a physical inventory indicated that supplies costing $4,100 were on hand. Account Names DR Show any necessary calculations Mark for Review What's This? Question 5 of 5 1 Points At year end, Bartow estimates that the unpaid utilities total $500 DR Account Names acer
Question 3 of 5 1 Points Equipment used for developing and printing was rented for $22,500. The rental term was for 1 year beginning on August 1 and the entire year of rent was paid on August 1. Account Names DR CR Show any necessary calculations Mark for Review What's This? 1 Points Question 4 of 5 acer S
In completing the work of the accounting cycle at December 31, the end of the fiscal year, the following information is available: (A) The amount of prepaid rent that should be transferred from the asset account to the expense account is $1,000. Accrued salaries $500 Depreciation $400 On June 1 $10,000 was received in advance to perform services. At December 31, 20% had been earned. REQUIRED: Based on the above information, using the form provided (below), record in general journal...
Garcia Company had the following selected transactions during the year. Jan. 1 The company paid $8,000 cash for 12 months of insurance coverage beginning immediately. Aug 1 The company received $5,400 cash in advance for 6 months of contracted services beginning on August 1 and ending on January 31. Dec. 31 The company prepared any necessary year-end adjusting entries related to insurance coverage and services performed. Dec. 31 The company prepared any necessary year-end adjusting entries related to insurance coverage...
Question 3: Adjusting entries (9 marks) Wombat Ltd has provided the following information at year end 30 June 2020: 1. Service revenue received in advance now earned, $3,500 2. Three years rent, totalling $36,000, was paid in advance on 1 July 2019 3. Services totalling $1,800 had been performed but not yet invoiced at the end of the year 4. Depreciation on fittings totalled $5,400 for the year 5. There was $900 of supplies on hand, they had purchased $4,400...
a. Paid $6,400 cash in advance on April 1 for a one-year insurance policy. b. Received a $14,700 cash advance for a contract to provide services in the future. The contract required a one-year commitment, starting September 1. C. Purchased $1,800 of supplies on account. At year's end, $140 of supplies remained on hand. d. Pald $5,400 cash in advance on March 1 for a one-year lease on office space. Event Adjustment The Accounting Equation Total Assets Cash Other Liabilities...
Each of the following independent events requires a year-end adjusting entry. Paid $9,900 cash in advance on July 1 for a one-year lease on office space. Purchased $3,400 of supplies on account on April 15. At year-end, $270 of supplies remained on hand. Received a $8,800 cash advance on July 1 for a contract to provide services for one year beginning immediately. Paid $3,800 cash in advance on February 1 for a one-year insurance policy. Required Record each event and...
Each of the following independent events requires a year-end adjusting entry. Paid $9,400 cash in advance on July 1 for a one-year lease on office space. Purchased $2,700 of supplies on account on April 15. At year-end, $250 of supplies remained on hand. Received a $10,300 cash advance on July 1 for a contract to provide services for one year beginning immediately. Paid $4,400 cash in advance on February 1 for a one-year insurance policy. Required Record each event and...