Homework Answers
For any queries please comment
If you are satisfied with the answer, please click the LIKE THUMB
Add Answer to:
On July 1, Orange, Inc. paid rent of $15,000 for a small equipment storage area from...
Plz , I would like to check my answers if they are correct. please anyone help...
Plz , I would like to check my answers if they are
correct. please anyone help me answers these questions. thx a
lot!!
Question 24 Not yet answered On July 1, Orange, Inc. paid rent of $15,000 for a small equipment storage area from July 1 until December 31. Provide the adjusting journal entry on July 31. Assume the deferred expense is initially recorded as an asset. Include the date...omit the explanation. Show your work for all calculated numbers and...
On October 1, 2024, Kitchen Design paid $15,000 for store rent covering the six-month period ending...
On October 1, 2024, Kitchen Design paid $15,000 for store rent covering the six-month period ending March 31, 2025. Requirements 1. Journalize the entry on October 1 by using the alternative treatment of deferred expenses. 2. Record the December 31, 2024 adjusting entry. Requirement 1. Journalize the entry on October 1 by using the alternative treatment of deferred expenses. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation...
Prepaid rent has a balance of $6,000 that was paid on July 1st for 6 months...
Prepaid rent has a balance of $6,000 that was paid on July 1st for 6 months of rent. The date is now August 31st. What should the adjusting journal entry be to correct the prepaid rent balance? Debit Rent Expense $1,000 and Credit Prepaid Rent $1,000 Debit Insurance Expense $2,000 and Credit Prepaid Insurance $2,000 O Debit Rent Expense $2,000, Credit Prepaid Rent $2,000 O Debit Prepaid Rent $2,000 and Credit Rent Expense $2,000 Identify the account below that is...
On June 1, Edison, Inc. borrowed $24,000 on a one-year Note Payable with an interest rate...
On June 1, Edison, Inc. borrowed $24,000 on a one-year Note Payable with an interest rate of 10% per year. It will repay the principal and interest at the end of the one-year period. The company makes accrual adjustments at the end of each month. Prepare the appropriate adjusting journal entry related to the note at the end of the first month. Include the date...omit the explanation. Show your work for all calculated numbers and label your numbers. 1 i-...
On July 1, 2021, Charlie Co. paid $18,000 to Rent-An-Office for rent covering 18 months from...
On July 1, 2021, Charlie Co. paid $18,000 to Rent-An-Office for rent covering 18 months from July 2021 through December 2022. What adjusting entry should Charlie Co. record on December 31, 20217 Multiple Choice O Debit Rent Expense and credit Cash for $18,000 O Debit Rent Expense and credit Prepaid Rent for $18,000 O Debit Prepaid Rent and credit Rent Expense for $6.000 O Debit Rent Expense and credit Prepaid Rent for $6.000
Kingbird, Inc. borrows $64,800 on July 1 from the bank by signing a $64,800, 10%, 1-year...
Kingbird, Inc. borrows $64,800 on July 1 from the bank by signing a $64,800, 10%, 1-year note payable. Prepare the journal entry to record the proceeds of the note. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1 (b) Prepare the journal entry to record the accrued interest at December 31, assuming adjusting entries are made only at the end of the year. (Credit account titles...
On January 1, Ogden, Inc. had $1,500 of supplies on hand. During January, Ogden purchased $5,500...
On January 1, Ogden, Inc. had $1,500 of supplies on hand. During January, Ogden purchased $5,500 worth of new supplies. At the end of the month, a cour revealed $700 worth of supplies remaining on the shelves. Prepare the adjusting journal entry required at the end of the month. Include date...omit explanations. Show your work for all calculated numbers and label your numbers. 1 i T: I B I U ! E > < III Date Account Debit Credit
Brief Exercise 10-02 Larkspur, Inc. borrows $92,400 on July 1 from the bank by signing a...
Brief Exercise 10-02 Larkspur, Inc. borrows $92,400 on July 1 from the bank by signing a $92,400, 10%, 1-year note payable. (a) Prepare the journal entry to record the proceeds of the note. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation July 1 (b) Prepare the journal entry to record the accrued interest at December 31, assuming adjusting entries are made only at the end of the...
Cullumber Company borrows $87.600 on July 1 from the bank by signing a $87,600, 10%, 1-year...
Cullumber Company borrows $87.600 on July 1 from the bank by signing a $87,600, 10%, 1-year note payable. Prepare the journal entry to record the proceeds of the note. (Credit account titles are automatically indented when amount is ent Debit Credit Date Account Titles and Explanation July 1 Prepare the journal entry to record the accrued interest at December 31, assuming adjusting entries are made only at the end of the manually.) Date Account Titles and Explanation Debit Credit Dec...
On December 1, 2018, Shamrock Company received $8,700 from Destiny, Inc. for rent of an office...
On December 1, 2018, Shamrock Company received $8,700 from Destiny, Inc. for rent of an office owned by Shamrock Company. The payment covers the period from December 1, 2018 through February 28, 2019. Shamrock Company recorded this as Deferred Rent Revenue when it was received on December 1. The adjusting entry on December 31 would include a: Multiple Choice credit to Rent Revenue of $2.900 credit to Deferred Rent Revenue of $2,900. debit to Rent Revenue of $4,350 debit to...
Plz , I would like to check my answers if they are
correct. please anyone help me answers these questions. thx a
lot!!
Question 24 Not yet answered On July 1, Orange, Inc. paid rent of $15,000 for a small equipment storage area from July 1 until December 31. Provide the adjusting journal entry on July 31. Assume the deferred expense is initially recorded as an asset. Include the date...omit the explanation. Show your work for all calculated numbers and...
On October 1, 2024, Kitchen Design paid $15,000 for store rent covering the six-month period ending March 31, 2025. Requirements 1. Journalize the entry on October 1 by using the alternative treatment of deferred expenses. 2. Record the December 31, 2024 adjusting entry. Requirement 1. Journalize the entry on October 1 by using the alternative treatment of deferred expenses. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation...
Prepaid rent has a balance of $6,000 that was paid on July 1st for 6 months of rent. The date is now August 31st. What should the adjusting journal entry be to correct the prepaid rent balance? Debit Rent Expense $1,000 and Credit Prepaid Rent $1,000 Debit Insurance Expense $2,000 and Credit Prepaid Insurance $2,000 O Debit Rent Expense $2,000, Credit Prepaid Rent $2,000 O Debit Prepaid Rent $2,000 and Credit Rent Expense $2,000 Identify the account below that is...
On June 1, Edison, Inc. borrowed $24,000 on a one-year Note Payable with an interest rate of 10% per year. It will repay the principal and interest at the end of the one-year period. The company makes accrual adjustments at the end of each month. Prepare the appropriate adjusting journal entry related to the note at the end of the first month. Include the date...omit the explanation. Show your work for all calculated numbers and label your numbers. 1 i-...
On July 1, 2021, Charlie Co. paid $18,000 to Rent-An-Office for rent covering 18 months from July 2021 through December 2022. What adjusting entry should Charlie Co. record on December 31, 20217 Multiple Choice O Debit Rent Expense and credit Cash for $18,000 O Debit Rent Expense and credit Prepaid Rent for $18,000 O Debit Prepaid Rent and credit Rent Expense for $6.000 O Debit Rent Expense and credit Prepaid Rent for $6.000
Kingbird, Inc. borrows $64,800 on July 1 from the bank by signing a $64,800, 10%, 1-year note payable. Prepare the journal entry to record the proceeds of the note. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1 (b) Prepare the journal entry to record the accrued interest at December 31, assuming adjusting entries are made only at the end of the year. (Credit account titles...
On January 1, Ogden, Inc. had $1,500 of supplies on hand. During January, Ogden purchased $5,500 worth of new supplies. At the end of the month, a cour revealed $700 worth of supplies remaining on the shelves. Prepare the adjusting journal entry required at the end of the month. Include date...omit explanations. Show your work for all calculated numbers and label your numbers. 1 i T: I B I U ! E > < III Date Account Debit Credit
Brief Exercise 10-02 Larkspur, Inc. borrows $92,400 on July 1 from the bank by signing a $92,400, 10%, 1-year note payable. (a) Prepare the journal entry to record the proceeds of the note. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation July 1 (b) Prepare the journal entry to record the accrued interest at December 31, assuming adjusting entries are made only at the end of the...
Cullumber Company borrows $87.600 on July 1 from the bank by signing a $87,600, 10%, 1-year note payable. Prepare the journal entry to record the proceeds of the note. (Credit account titles are automatically indented when amount is ent Debit Credit Date Account Titles and Explanation July 1 Prepare the journal entry to record the accrued interest at December 31, assuming adjusting entries are made only at the end of the manually.) Date Account Titles and Explanation Debit Credit Dec...
On December 1, 2018, Shamrock Company received $8,700 from Destiny, Inc. for rent of an office owned by Shamrock Company. The payment covers the period from December 1, 2018 through February 28, 2019. Shamrock Company recorded this as Deferred Rent Revenue when it was received on December 1. The adjusting entry on December 31 would include a: Multiple Choice credit to Rent Revenue of $2.900 credit to Deferred Rent Revenue of $2,900. debit to Rent Revenue of $4,350 debit to...
Most questions answered within 3 hours.
-
Calculate the molality of an aqueous solution of iron (II)
nitrate with a solute mole fraction...
asked 1 minute ago -
Mry has net and taxable income of $55000; her claim for
charitable donation is $4000. How...
asked 10 minutes ago -
Independent random samples were selected from two binomial
populations, with sample sizes and the number of...
asked 12 minutes ago -
Calculate the wavelength of light (in nanometers) emitted from a
hydrogen atom if the electron is...
asked 23 minutes ago -
Please answer in Python 3! 16.2** (Maximum increasingly ordered
subsequence) Write a program that prompts the...
asked 27 minutes ago -
Energy is carried by which of the following waves?
(Select all that apply)
a) light wave...
asked 27 minutes ago -
(Part 1) An investor wants to have $1,000,000 when she retires
in 20 years. If she...
asked 28 minutes ago -
ESP8266/Arduino UNO and temperature sensor MCP9700A.
Temperature sensor gives incorrect temperature readings in
celsius.
Both ESP8266...
asked 29 minutes ago -
1. Why has Dunkin’ Donuts increased its focus on
coffee?
2. Describe the strategy that Dunkin’...
asked 38 minutes ago -
two lady bugs sit on a rotating disk without slipping. lady bug
1 is half away...
asked 42 minutes ago -
Core Concepts of Accounting Information Systems
Discussion Question #4
Does a company have the right to...
asked 47 minutes ago -
Why does the Solow model cannot explain growth in the long run?
What is the role...
asked 49 minutes ago