Homework Answers
Ans .none of the obove
Correct entry
Depreciation account. Dr. 250
To computer account. 250
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Question 19 The monthly depreciation expense on Louis Rue Consulting Services computer is $250 What is...
Question 19 The monthly depreciation expense on Louis Ruiz Consulting Services computers. What is the adjusting...
Question 19 The monthly depreciation expense on Louis Ruiz Consulting Services computers. What is the adjusting entry to record the depreciation expense? A Dr. Computer 250; Cr. Cash 250 B. De Cash 250;c Computer 250 Cor. Depreciation Expense Computer 250C Cash 250 OD. Dr. Accumulated Depreciation, Computer 250CC250 O E. None of the above Moving to the next question prevents changes to the
Which of the following is not an adjusting entry? (a) Dr: Depreciation expense and Cr: Accumulated...
Which of the following is not an adjusting entry? (a) Dr: Depreciation expense and Cr: Accumulated depreciation. (b) Dr: Utilities expense and Cr: Utilities payable. (c) Dr: Insurance expense and Cr: Prepaid insurance. (d) Dr: Cash and Cr: Accounts receivable. (e) Dr: Interest receivable and Cr: Interest revenue.
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
5. Company C has two office employees who earn $100 a day each and are paid...
5. Company C has two office employees who earn $100 a day each and are paid on Friday for a five-day workweek that begins on Monday. If December 31 fell on Tuesday, and the two employees worked both on Monday and on Tuesday, what is the amount of accrued salary expense at December 31 for the two employees? A. 200 B. 300 C. 600 D. 400 E. None of the above 6. For Company D, the balance in office supplies...
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.
8) Daisy Co. previously received & recorded $5,000 cash from a client for future consulting services....
8) Daisy Co. previously received & recorded $5,000 cash from a client for future consulting services. Now Daisy Co. has provided $3,000 of the services and earned that revenue. What is the necessary adjusting entry? Debit Credit If this adjustment is not made, the following are overstated, understated, or not impacted: (completed for you on this question) Assets: not impacted Revenue: understated Liabilities: overstated Expense:_not impacted Stockholders' Equity: understated 9) Interest of $450 has accrued on a note payable. What...
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
For the month of Dec 2018, Roberts Company incurred $2,000 of wages expense. Roberts Co. paid...
For the month of Dec 2018, Roberts Company incurred $2,000 of wages expense. Roberts Co. paid the employees on Jan 5, 2019. What is the journal entry to record the wages expense for Mason Co. for the month of Dec 2018? A) Dr. Wages Payable 2000 and Cr. Cash 2000 B) Dr. Wages Expense 2000 and Cr. wages Payable 2000 C) Dr. Wages Payable 2000 and Cr. Wages Expense 2000 D) Dr. Wages Expense 2000 and Cr. Cash 2000 E)...
please answer questions 1-9 Question 1 1 pts The Financial Statement that uses the Basic Accounting...
please answer questions 1-9
Question 1 1 pts The Financial Statement that uses the Basic Accounting Equation is: The Balance Sheet The Income Statement The Statement of Cash Flows All of them Question 2 1 pts Select the journal entry to correctly record services billed to clients. DR Fees Earned; CR Revenue DR Accounts Payable; CR Fees Earned DR Accounts Receivable; CR Cash DR Accounts Receivable; CR Fees Earned Question 3 Which of the following accounts is NOT closed during...
Select the correct Dr. and Cr. to record this event..... It's September 30th and you're still...
Select the correct Dr. and Cr. to record this event..... It's September 30th and you're still working at the construction company. The manager tells you the job to renovate that kitchen is half-way done. Record the month-end adjusting entry. dr. 1) Choose... cr. Choose... > Choose... dr. Unearned Revenue - Home Renovation Select the dr. Revenue - Home Renovation Your retail offers term cr. Unearned Revenue - Home Renovation period. Red cr. Revenue - Home Renovation managing its merchandise inventory....
Question 19 The monthly depreciation expense on Louis Ruiz Consulting Services computers. What is the adjusting entry to record the depreciation expense? A Dr. Computer 250; Cr. Cash 250 B. De Cash 250;c Computer 250 Cor. Depreciation Expense Computer 250C Cash 250 OD. Dr. Accumulated Depreciation, Computer 250CC250 O E. None of the above Moving to the next question prevents changes to the
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
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.
8) Daisy Co. previously received & recorded $5,000 cash from a client for future consulting services. Now Daisy Co. has provided $3,000 of the services and earned that revenue. What is the necessary adjusting entry? Debit Credit If this adjustment is not made, the following are overstated, understated, or not impacted: (completed for you on this question) Assets: not impacted Revenue: understated Liabilities: overstated Expense:_not impacted Stockholders' Equity: understated 9) Interest of $450 has accrued on a note payable. What...
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
please answer questions 1-9
Question 1 1 pts The Financial Statement that uses the Basic Accounting Equation is: The Balance Sheet The Income Statement The Statement of Cash Flows All of them Question 2 1 pts Select the journal entry to correctly record services billed to clients. DR Fees Earned; CR Revenue DR Accounts Payable; CR Fees Earned DR Accounts Receivable; CR Cash DR Accounts Receivable; CR Fees Earned Question 3 Which of the following accounts is NOT closed during...
Select the correct Dr. and Cr. to record this event..... It's September 30th and you're still working at the construction company. The manager tells you the job to renovate that kitchen is half-way done. Record the month-end adjusting entry. dr. 1) Choose... cr. Choose... > Choose... dr. Unearned Revenue - Home Renovation Select the dr. Revenue - Home Renovation Your retail offers term cr. Unearned Revenue - Home Renovation period. Red cr. Revenue - Home Renovation managing its merchandise inventory....
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