Homework Answers
Prepaid advertising charges is in the nature of an asset to the company.Because it pays in advance for the service which is yet to be received.Therefore the same comes under the debit side of the trial balance.
Credit entry in the adjustment section means,
once the advertisement service is received, the same is adjusted towards the payment that we have made in advance.
The entry will be,
| Dr | cr | |
| Advertising charges | 1400 | |
| Prepaid advertising charges | 1400 |
As a result of the entry , the balance in prepaid advertising charges will reduce to $ 1900 Dr. (3300- 1400)
Therfore the answer will be,
Prepaid advertising charges - $ 1900 as debit balance.
(Multiple choices are not visible in the question.)
Add Answer to:
Wk.4 - Apply: Exercise i Saved Help Save & Exit Submit Prepaid Advertising has a debit balance in the Trial Bal...
Wk.4 - Apply: Exercise Saved Help Save & Exit Submit If an account has a debit balance of $900 in the Trial Bal...
Wk.4 - Apply: Exercise Saved Help Save & Exit Submit If an account has a debit balance of $900 in the Trial Balance section of a worksheet and there is a debit of $600 in the Adjustments section, the account balance in the Adjusted Trial Balance section of the worksheet is a points Skipped Multiple Choice Mc Graw Hill Education < Prev 8 of 10 Next >
Wk.4 - Apply: Exercisei Saved Help Save & Exit Submit The Supplies account has a trial...
Wk.4 - Apply: Exercisei Saved Help Save & Exit Submit The Supplies account has a trial balance of $3,196. A year- end inventory shows $1,746 worth of supplies left at the end 10 of the year. The correct adjusting entry is: 12 points Multiple Choice Skipped debit Sunnlies Exnense $3 196 Mc Graw Hill Education Prev 10 of 10 Next
Wk.4 - Apply: Exercise i Saved Help Save & Exit Submit On September 1, 2019, a...
Wk.4 - Apply: Exercise i Saved Help Save & Exit Submit On September 1, 2019, a firm accepted a 6-month, 6% note for $18,000 from a customer with an overdue account balance. The accrued interest recorded for this note on December 31, 2019, is points Skipped Multiple Choice Mc Graw Hill Education < Prev 9 of 10 Next >
Wk.4 - Apply: Exercise i Saved Help Save & Exit Submit On October 1, 2019, Paige Turner Publishing received $60...
Wk.4 - Apply: Exercise i Saved Help Save & Exit Submit On October 1, 2019, Paige Turner Publishing received $60,600 in cash for subscriptions covering one year, recording the entry as a debit to Cash and a credit to Unearned Subscriptions. The correct adjusting entry at December 31, 2019, is points Skipped Multiple Choice Mc Graw Hill Education < Prev 3 of 10 !! Next >
Wk.4 - Apply: Exercise Saved Help Save & Exit Submit Hugh Morris Company pays weekly wages...
Wk.4 - Apply: Exercise Saved Help Save & Exit Submit Hugh Morris Company pays weekly wages of $17,500 every Friday for a five day week ending on that day. If the last day of the year is on Tuesday, the adjusting entry to record the accrued wages is: points Skipped Multiple Choice Mc Graw Hill Education < Prev 7 of 10 # Next >
Wk. 5- Apply: Exercisei Saved Help Save & Exit Submit 9 For the current fiscal year,...
Wk. 5- Apply: Exercisei Saved Help Save & Exit Submit 9 For the current fiscal year, Purchases were $305,000, Purchase Returns and Allowances were $9,100, Purchase Discounts were $3,100 and Freight In was $41,000. If the beginning merchandise inventory was $66,000 and the ending merchand ise inventory was $87,000, the Cost of Goods Sold is: points Skipped Multiple Choice Mc Graw Hill Education Next> Prev 9 of 10 12
Quiz Ch. 11 (LO 1-4) G Saved Help Save& Exit Submit The tragedy of the commons refers to the: Multiple Choice 00:28:29 overuse of resources that have no price Mc Graw Hill Prev of 12 Next>...
Quiz Ch. 11 (LO 1-4) G Saved Help Save& Exit Submit The tragedy of the commons refers to the: Multiple Choice 00:28:29 overuse of resources that have no price Mc Graw Hill Prev of 12 Next> Quiz Ch. 11 (LO 1-4) G Saved Help Save& Exit Submit overuse of resources that have no cost. under production of goods that have external benefits. 00:28:18 failure of the Coase theorem when negotiation is costly. Mc Graw Hill Prev of 12 Next>
Quiz...
Saved Help Save & Exit Submit Credit 37 1 Trial Balance December 31 3 Debit 4...
Saved Help Save & Exit Submit Credit 37 1 Trial Balance December 31 3 Debit 4 Cash $5,700 5 Accounts receivable 1,400 6 Note receivable 11,100 7 Prepaid services 3,800 8 Office equipment 27,400 9 Accounts payable 10 Uneamed ticket revenue 11 Owner, Capital 12 Owner, Withdrawals 1,600 13 Ticket revenue 14 Rental revenue 15 Salaries expense 2,800 16 Utilities expense 2,400 17 Rent expense 1,700 18 Totals $57.900 19 $7,600 4,400 37,000 7,200 1,700 $57.900 Which formula correctly calculates...
Homework 4 (Makeup for Oct 22 and 24) Saved Help Save & Exit Submit Check my...
Homework 4 (Makeup for Oct 22 and 24) Saved Help Save & Exit Submit Check my work Consider the following information: points State of Economy Recession Boom Probability of State of Economy .20 .80 Portfolio Return if State Occurs -.08 .15 eBook References Calculate the expected return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return Mc Graw Hill Education < Prev 9 of 17 !! Next >
I need a more detailed answer Inventory Project i Saved Help Save & Exit Submit Check...
I need a more detailed answer
Inventory Project i Saved Help Save & Exit Submit Check my work Required information [The following information applies to the questions displayed below.) Part 3 of 4 Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. points Date Activities Units Sold at Retail Mar. Beginning inventory Mar. 5 Purchase Units Acquired at Cost 100 units@ $50.00 per unit 400 units@ $55.00 per eBook 400 units...
Wk.4 - Apply: Exercise Saved Help Save & Exit Submit If an account has a debit balance of $900 in the Trial Balance section of a worksheet and there is a debit of $600 in the Adjustments section, the account balance in the Adjusted Trial Balance section of the worksheet is a points Skipped Multiple Choice Mc Graw Hill Education < Prev 8 of 10 Next >
Wk.4 - Apply: Exercisei Saved Help Save & Exit Submit The Supplies account has a trial balance of $3,196. A year- end inventory shows $1,746 worth of supplies left at the end 10 of the year. The correct adjusting entry is: 12 points Multiple Choice Skipped debit Sunnlies Exnense $3 196 Mc Graw Hill Education Prev 10 of 10 Next
Wk.4 - Apply: Exercise i Saved Help Save & Exit Submit On September 1, 2019, a firm accepted a 6-month, 6% note for $18,000 from a customer with an overdue account balance. The accrued interest recorded for this note on December 31, 2019, is points Skipped Multiple Choice Mc Graw Hill Education < Prev 9 of 10 Next >
Wk.4 - Apply: Exercise i Saved Help Save & Exit Submit On October 1, 2019, Paige Turner Publishing received $60,600 in cash for subscriptions covering one year, recording the entry as a debit to Cash and a credit to Unearned Subscriptions. The correct adjusting entry at December 31, 2019, is points Skipped Multiple Choice Mc Graw Hill Education < Prev 3 of 10 !! Next >
Wk.4 - Apply: Exercise Saved Help Save & Exit Submit Hugh Morris Company pays weekly wages of $17,500 every Friday for a five day week ending on that day. If the last day of the year is on Tuesday, the adjusting entry to record the accrued wages is: points Skipped Multiple Choice Mc Graw Hill Education < Prev 7 of 10 # Next >
Wk. 5- Apply: Exercisei Saved Help Save & Exit Submit 9 For the current fiscal year, Purchases were $305,000, Purchase Returns and Allowances were $9,100, Purchase Discounts were $3,100 and Freight In was $41,000. If the beginning merchandise inventory was $66,000 and the ending merchand ise inventory was $87,000, the Cost of Goods Sold is: points Skipped Multiple Choice Mc Graw Hill Education Next> Prev 9 of 10 12
Quiz Ch. 11 (LO 1-4) G Saved Help Save& Exit Submit The tragedy of the commons refers to the: Multiple Choice 00:28:29 overuse of resources that have no price Mc Graw Hill Prev of 12 Next> Quiz Ch. 11 (LO 1-4) G Saved Help Save& Exit Submit overuse of resources that have no cost. under production of goods that have external benefits. 00:28:18 failure of the Coase theorem when negotiation is costly. Mc Graw Hill Prev of 12 Next>
Quiz...
Saved Help Save & Exit Submit Credit 37 1 Trial Balance December 31 3 Debit 4 Cash $5,700 5 Accounts receivable 1,400 6 Note receivable 11,100 7 Prepaid services 3,800 8 Office equipment 27,400 9 Accounts payable 10 Uneamed ticket revenue 11 Owner, Capital 12 Owner, Withdrawals 1,600 13 Ticket revenue 14 Rental revenue 15 Salaries expense 2,800 16 Utilities expense 2,400 17 Rent expense 1,700 18 Totals $57.900 19 $7,600 4,400 37,000 7,200 1,700 $57.900 Which formula correctly calculates...
Homework 4 (Makeup for Oct 22 and 24) Saved Help Save & Exit Submit Check my work Consider the following information: points State of Economy Recession Boom Probability of State of Economy .20 .80 Portfolio Return if State Occurs -.08 .15 eBook References Calculate the expected return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return Mc Graw Hill Education < Prev 9 of 17 !! Next >
I need a more detailed answer
Inventory Project i Saved Help Save & Exit Submit Check my work Required information [The following information applies to the questions displayed below.) Part 3 of 4 Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. points Date Activities Units Sold at Retail Mar. Beginning inventory Mar. 5 Purchase Units Acquired at Cost 100 units@ $50.00 per unit 400 units@ $55.00 per eBook 400 units...
Most questions answered within 3 hours.
-
The tires of a car make 61 revolutions as the car reduces its
speed uniformly from...
asked 6 minutes ago -
Peabody, Inc., sells fireworks. The company’s marketing director
developed the following cost of goods sold budget...
asked 11 minutes ago -
A signal transduction pathway includes the steps listed
below.
1. An inactive signal transduction molecule is...
asked 10 minutes ago -
1. The correlation coefficient determined for two variables has
a value of 0.89. Describe, in words,...
asked 16 minutes ago -
The following data relate to direct materials costs for
November:
Actual costs
4,700 pounds at $5.35...
asked 14 minutes ago -
Kyle, a 95.0 kg football player, leaps straight up into the air
(with no horizontal velocity)...
asked 38 minutes ago -
Which of the following is a measure of profitability?
A.
Quick (acid-test) ratio
B.
Net sales...
asked 41 minutes ago -
Find the total pressure exerted by 2 grams of ethane and 3 grams
of CO2 contained...
asked 42 minutes ago -
A fireman standing on a 5.2 m high ladder operates a water hose
with a round...
asked 38 minutes ago -
A cream formulation is studied for accelerated stability study.
Creaming was observed when formulation was tested...
asked 41 minutes ago -
A 1,150 lumen light bulb is placed 37 cm in front of a mirrored
wall, whose...
asked 51 minutes ago -
Given that z is a standard normal random variable, compute the
following probabilities (to 4 decimals)....
asked 58 minutes ago