Business
Business, 25.10.2019 01:43, brandisouthern9

Problem 1 journalize the adjusting entry needed on december 31, 2017, the end of the current accounting period, for each of the following independent cases affecting hot sounds, a company that provides dj services. 1. purchased sound equipment last year for $50,000. the estimated useful life of the equipment is five years and estimated salvage value is zero. annual depreciation is $1

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Business, 09.07.2019 23:20, lex5473
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Business, 23.09.2019 22:00, Kzamor
Njuly 1, 2017, sheridan company pays $12,500 to oriole company for a 2-year insurance contract. both companies have fiscal years ending december 31. collapse question part (a) for sheridan company, journalize the entry on july 1 and adjusting entry on december 31. (record journal entries in the order presented in the problem. if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)
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Business, 07.10.2019 16:20, Seumas9307
For each of the following, journalize the necessary adjusting entry: a. a business pays weekly salaries of $22,000 on friday for a five-day week ending on that day. journalize the necessary adjusting entry at the end of the fiscal period, assuming that the fiscal period ends on the following day. if an amount box does not require an entry, leave it blank. (1) tuesday (2) wednesday b. the balance in the prepaid insurance account before adjustment at the end of the year is $18,000. journalize the adjusting entry required under each of the following alternatives. if an amount box does not require an entry, leave it blank. (1) the amount of insurance expired during the year is $5,300. (2) assume the same facts except that the amount of unexpired insurance applicable to a future period is $2,700. c. on july 1 of the current year, a business pays $54,000 to the city for license taxes for the coming fiscal year. the same business is also required to pay an annual property tax at the end of the year. the estimated amount of the current year's property tax allocated to july is $4,800. (1) journalize the two adjusting entries required to bring the accounts affected by the taxes up to date as of july 31. license property tax (2) what is the amount of tax expense for july? $ d. the estimated depreciation on equipment for the year is $32,000. previous
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Business, 26.10.2019 05:43, mxrvin7383
For each of the following, journalize the necessary adjusting entry: (a) a business pays weekly salaries of $22,000 on friday for a five-day week ending on that day. journalize the necessary adjusting entry at the end of the fiscal period, assuming that (1) the fiscal period ends on tuesday. (2) assume the same facts except that the fiscal period ends on wednesday. (b) the balance in the prepaid insurance account before adjustment at the end of the year is $18,000. journalize the adjusting entry required under each of the following alternatives: (1) the amount of insurance expired during the year is $5,300.
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