The balance in prepaid insurance is a one-year premium paid on june 1, 2017. 2. an inventory count on august 31 shows $447 of supplies on hand. 3. annual depreciation rates are (a) buildings (4%) (b) equipment (10%). salvage value is estimated to be 10% of cost. 4. unearned rent revenue of $3,829 was earned prior to august 31. 5. salaries of $382 were unpaid at august 31. 6. rentals of $789 were due from tenants at august 31. (use accounts receivable account.) 7. the mortgage interest rate is 8% per year.

Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.

Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was it worth? why?

Hubert manages a grocery store in a country experiencing a high rate of inflation. to keep up with inflation, he spends a lot of time every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. his employees regularly deal with customer annoyance over the frequent price changes. this is an example of the of inflation.