Business, 13.02.2020 18:48, ksiandua07
The prepaid insurance account shows a debit of $6,864, representing the cost of a 2-year fire insurance policy dated August 1 of the current year. 2. On November 1, Rent Revenue was credited for $1,872, representing revenue from a subrental for a 3-month period beginning on that date. 3. Purchase of advertising materials for $732 during the year was recorded in the Advertising Expense account. On December 31, advertising materials of $285 are on hand. 4. Interest of $715 has accrued on notes payable.
Prepare the following in general journal form.
(a) The adjusting entry for each item.
(b) The reversing entry for each item where appropriate.
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 10:10, manny2275
True tomato inc. makes organic ketchup. to promote its products, this firm decided to make bottles in the shape of tomatoes. to accomplish this, true tomato worked with its bottle manufacture to create a set of unique molds for its bottles. which of the following specialized assets does this example demonstrate? (a) site specificity (b) research specificity (c) physical-asset specificity (d) human-asset specificity
Answers: 3
Business, 22.06.2019 11:30, Coltong121
Buyer henry is going to accept seller shannon's $282,500 counteroffer. when will this counteroffer become a contract. a. counteroffers cannot become contracts b. when henry gives shannon notice of the acceptance c. when henry signs the counteroffer d. when shannon first made the counteroffer
Answers: 3
Business, 22.06.2019 20:50, NatalieZepeda
How has apple been able to sustain its competitive advantage in the smartphone industry? a. by reducing its network effects b. by targeting its new products and services toward laggards c. by driving the price for the end user to zero d. by regularly introducing incremental improvements in its products
Answers: 1
Business, 22.06.2019 21:00, crazylogic963
China's new 5 percent tax on disposable wooden chopsticks, reflecting concerns about deforestation, has been praised by environmentalists. the move is hitting hard at the japanese, who consume 25 billion set of wooden chopsticks annually. almost all of the chopsticks used in japan come from china. the reuirements for chinese manufacturers of wooden chopsticks to pay the 5 percent tax is a factor in their external environment.
Answers: 3
Do you know the correct answer?
The prepaid insurance account shows a debit of $6,864, representing the cost of a 2-year fire insura...
Questions in other subjects:
Mathematics, 28.09.2019 03:50
Mathematics, 28.09.2019 03:50
Mathematics, 28.09.2019 03:50
Mathematics, 28.09.2019 03:50
