Business, 08.11.2019 00:31, dhhdjejdjdbdhdne

On december 31, krug company reported stockholders’ equity of $280,000 prior to the following adjusting entries: depreciation expense: $31,000.accrued service revenues: $29,000.accrued expenses: $12,000.used insurance: $9,000; the insurance was initially recorded as prepaid. rent revenue earned; $7,000; the rent was initially prepaid by the tenant and credited to unearned rent revenue. how much is krug’s stockholders’ equity after adjusting entries? a. $280,000.b. $262,000.c. $295,000.d. $264,000.

Answers: 3

Show answers

Similar questions

Business, 25.06.2019 09:10, ale6826

During the year, a company recorded prepayments of expenses in asset accounts, and cash receipts of unearned revenues in liability accounts. at the end of its annual accounting period, the company must make three adjusting entries: (1) accrue salaries expense, (2) adjust the unearned services revenue account to recognize earned revenue, and (3) accrue wages expense. for each of the adjusting entries (1), (2), and (3), indicate the account to be debited and the account to be credited—from a through i below. salaries expense salaries payable unearned service revenue service revenue wages expense wages payable prepaid salaries current assets cash adjusting entries: 1. accrue salaries expense. 2. adjust the unearned services revenue account to recognize earned revenue. 3. accrue wages expense.

Answers: 3

continue

Business, 06.08.2019 17:20, Naysa150724

Following are two income statements for alexis co. for the year ended december 31. the left column is prepared before any adjusting entries are recorded, and the right column includes the effects of adjusting entries. the company records cash receipts and payments related to unearned and prepaid items in balance sheet accounts.alexis co.income statementsfor year ended december 31unadjusted adjustedrevenues fees earned $ 18,000 $25,000 commissions earned 36,500 36,500 total revenues $ 54,500 61,500 expenses depreciation expense—computers 0 1,600 depreciation expense—office furniture 0 1,850 salaries expense 13,500 15,750 insurance expense 0 1,400 rent expense 3,800 3,800 office supplies expense 0 580 advertising expense 2,500 2,500 utilities expense 1,245 1,335 total expenses 21,045 28,815 net income $ 33,455 $ 32,685 analyze the statements and prepare the eight adjusting entries that likely were recorded. (note: 30% of the $7,000 adjustment for fees earned has been earned but not billed, and the other 70% has been earned by performing services that were paid for in advance.)dec 31accounts receivable dr 2,100fees earned cr 2,100dec 31unearned fees dr 4,900fees earned cr 4,900dec 31depreciation expense-computers dr 1,600accumulated depreciated-computers cr 1,600dec 31depreciation expense-office furniture dr 1,850accumulated depreciation-office furniture cr 1,850dec 31salaries expense dr 2,250salaries payable cr 2,250dec 31insurance expense dr 1,400prepaid insurance cr 1,400dec 31office supplies expense dr 580office supplies cr 580dec 31utilities expense dr 90utilities payable cr 90

Answers: 2

continue

Business, 30.09.2019 23:00, natalie3734

Following are two income statements for alexis co. for the year ended december 31. the left number column is prepared before adjusting entries are recorded, and the right column is prepared after adjusting entries. the company records cash receipts and payments related to unearned and prepaid items in balance sheet accounts. income statements for year ended december 31 unadjusted adjusted revenues fees earned $ 24,000 $ 30,000 commissions earned 42,500 42,500 total revenues $ 66,500 72,500 expenses depreciation expense—computers 0 1,500 depreciation expense—office furniture 0 1,750 salaries expense 12,500 14,950 insurance expense 0 1,300 rent expense 4,500 4,500 office supplies expense 0 480 advertising expense 3,000 3,000 utilities expense 1,250 1,320 total expenses 21,250 28,800 net income $ 45,250 $ 43,700 analyze the statements and prepare the seven adjusting entries that likely were recorded. hint: entry for a refers to fees that have been earned but not yet billed. none of the entries involve cash.

Answers: 1

continue

Business, 10.10.2019 00:00, jmoney531

On december 31, 2016, krug company prepared adjusting entries that included the following items: depreciation expense: $31,000. accrued sales revenue: $29,000. accrued expenses: $12,000. used insurance: $9,000; the insurance was initially recorded as prepaid. rent revenue earned: $7,000; the rent was initially prepaid by the tenant and credited to unearned rent revenue. if krug company reported stockholders' equity of $280,000 prior to the adjusting entries, how much is krug's stockholders' equity after the adjusting entries? $280,000. $262,000. $295,000. $264,000.

Answers: 3

continue

Do you know the correct answer?

On december 31, krug company reported stockholders’ equity of $280,000 prior to the following adjust...

Questions in other subjects:

English, 28.01.2021 01:50

PLEASE HELP ME ASAP! Essay to Cleveland from Lebron James. ...

English, 28.01.2021 01:50

1.Look at Model It. How do you know that angle CDE and angle EDF are supplementary? A. They form a straight line. B . They form a right angle. 2.How do you know that...

History, 28.01.2021 01:50

What was the structure of the Articles of Confederation? The Articles of Confederation consisted of a and articles....

Chemistry, 28.01.2021 01:50

Two chemicals are combined in a beaker and react. What data would provide the best evidence for determining if the reaction absorbed or released thermal energy? A The masses of th...

Biology, 28.01.2021 01:50

AAA TGC GGA GTA Which of these would be a substitution mutation of the above DNA? AAA TGG CGG AGT A AAA TGC GGA GT AAA TC GGA GTA AAA TGC GCA G...

Mathematics, 28.01.2021 01:50

You are choosing between two health clubs. Club A offers membership for a fee of $25 plus a monthly fee of $27. Club B offers membership for a fee of $19 plus a monthly fee of $28....

Chemistry, 28.01.2021 01:50

Describe an organic molecule....

English, 28.01.2021 01:50

Add it mauricio (underscore) 3043 no space...

Mathematics, 28.01.2021 01:50

Which ratios have a unit less than 1 ?Choose ALL that apply....

English, 28.01.2021 01:50

Which of the following terms is most closely related to Persuasion? 1.Fiction 2.Nonfiction 3.Analysis 4.Rhetoric...

Other tasks in the category: Business More task