Adjusting journal entry on Dec 31 is :
Account Titles | Debit | Credit |
Unearned Subscription | $15,150 | |
Subscription Revenue | $15,150 |
Revenue earned = $60,600 * 3/12 = $15,150
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 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 >
On October 1, 2019, Paige Turner Publishing received $61,800 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 Multiple Choice Debit Unearned Subscriptions $5,150; credit Subscriptions Income $5,150. Debit Unearned Subscriptions $61,800; credit Subscriptions Income $61,800. Debit Subscriptions Income $15,450; credit Unearned Subscriptions $15,450. Debit Unearned Subscriptions $15,450; credit Subscriptions Income $15,450.
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.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 Prepaid Advertising has a debit balance in the Trial Balance section of the worksheet of $3,300 and a credit entry of $1,400 in the adjustments section of the worksheet, the balance of Prepaid Advertising in the Adjusted Trial Balance section of the worksheet is a points Skipped Multiple Choice Mc Graw Hill Education < Prev 5 of 10 Next >
Help Save&ExitSubmit On October 1, 2019, Paige Turner Publishing rece credit to Unearned Subscriptions. The correct adjusting entry at December 31, 2019, is as a debit to Cash and a Mutiple Choice Debit Uneamed Subscriptions $52.800, credit Subscriptions Income $52.800 Debit Uneamed Subscriptions $13,200, credit Subscriptions Income $13.200 Debit Uneamed Subscriptions $4,400, credt Subscriptions Income $4.400 Debit Subscriptions Income $13,200, credt Unearned Subscriptions $13.200 Brev 5 of 19 Next >
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. 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>
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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 >