Business, 19.09.2019 00:00, Fangflora3
On april 1, the company retained an attorney for a flat monthly fee of $2,000. payment for april legal services was made by the company on may 12. as of april 30, $1,533 of interest expense has accrued on a note payable. the full interest payment of $4,600 on the note is due on may 20. total weekly salaries expense for all employees is $12,000. this amount is paid at the end of the day on friday of each five-day workweek. april 30 falls on a tuesday, which means that the employees had worked two days since the last payday. the next payday is may 3. the above three separate situations require adjusting journal entries to prepare financial statements as of april 30. for each situation, present both: the april 30 adjusting entry. the subsequent entry during may to record payment of the accrued expenses. (use 360 days a year. do not round intermediate calculations.)
Answers: 1
Business, 22.06.2019 11:10, evansh78
Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?
Answers: 3
Business, 22.06.2019 11:50, CheddaDsk
What is marketing’s contribution to the new product development team? a. technical expertise needed to translate designs into an actual product/service. b. deep customer insight that leads to product ideas. c. ability to assess financial viability d. feedback on design as well as how customers will actually use the product e. technical expertise needed to translate concepts into product/service designs.
Answers: 2
Business, 22.06.2019 15:20, alex12everett
Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.
Answers: 1
On april 1, the company retained an attorney for a flat monthly fee of $2,000. payment for april leg...
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