The mazzanti wholesale food company's fiscal year-end is june 30. the company issues quarterly financial statements requiring the company to prepare adjusting entries at the end of each quarter. assuming all quarterly adjusting entries were properly recorded, prepare the necessary year-end adjusting entries at the end of june 30, 2018, for the following situations.1 on december 1, 2017, the company paid its annual fire insurance premium of $6,000 for the year beginning december 1 and debited prepaid insurance.2 on august 31, 2017, the company borrowed $80,000 from a local bank. the note requires principal and interest at 8% to be paid on august 31, 2018.3 mazzanti owns a warehouse that it rents to another company. on january 1, 2018, mazzanti collected $24,000 representing rent for the 2018 calendar year and credited deferred rent revenue.4 depreciation on the office building is $20,000 for the fiscal year.5 employee salaries and wages for the month of june 2018 of $16,000 will be paid on july 20, 2018.

Exercise 8-6 goods in transit [lo8-2] the kwok company's inventory balance on december 31, 2016, was $190,000 (based on a 12/31/16 physical count) before considering the following transactions: 1. goods shipped to kwok f. o.b. destination on december 20, 2016, were received on january 4, 2017. the invoice cost was $35,000. 2. goods shipped to kwok f. o.b. shipping point on december 28, 2016, were received on january 5, 2017. the invoice cost was $22,000. 3. goods shipped from kwok to a customer f. o.b. destination on december 27, 2016, were received by the customer on january 3, 2017. the sales price was $45,000 and the merchandise cost $27,000. 4. goods shipped from kwok to a customer f. o.b. destination on december 26, 2016, were received by the customer on december 30, 2016. the sales price was $25,000 and the merchandise cost $18,000. 5. goods shipped from kwok to a customer f. o.b. shipping point on december 28, 2016, were received by the customer on january 4, 2017. the sales price was $30,000 and the merchandise cost $17,000. required: determine the correct inventory amount to be reported in kwok's 2016 balance sheet.

Provide an example of open-ended credit account that caroline has. caroline blue's credit report worksheet.

jackie's snacks sells fudge, caramels, and popcorn. it sold 12,000 units last year. popcorn outsold fudge by a margin of 2 to 1. sales of caramels were the same as sales of popcorn. fixed costs for jackie's snacks are $14,000. additional information follows: product unit sales prices unit variable cost fudge $5.00 $4.00 caramels $8.00 $5.00 popcorn $6.00 $4.50 the breakeven sales volume in units for jackie's snacks is