subject
Business, 12.11.2019 00:31 aishacobb

Wages of $13,000 are earned by workers but not paid as of december 31. depreciation on the company’s equipment for the year is $11,560. the office supplies account had a $450 debit balance at the beginning of december. during december, $4,967 of office supplies are purchased. a physical count of supplies at december 31 shows $547 of supplies available. the prepaid insurance account had a $5,000 balance at the beginning of december. an analysis of insurance policies shows that $3,000 of unexpired insurance benefits remain at december 31. the company has earned (but not recorded) $900 of interest from investments in cds for the year ended december 31. the interest revenue will be received ten days after the year-end on january 10. the company has a bank loan and has incurred (but not recorded) interest expense of $3,500 for the year ended december 31. the company will pay the interest five days after the year-end on january 5..

for each of the above separate cases, prepare adjusting entries required of financial statements for the year ended (date of) december 31.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 18:00
Sara bought 12 3/4 cakes sara's friends ate 3/8 how much cake is left
Answers: 1
question
Business, 22.06.2019 03:40
Your parents have accumulated a $170,000 nest egg. they have been planning to use this money to pay college costs to be incurred by you and your sister, courtney. however, courtney has decided to forgo college and start a nail salon. your parents are giving courtney $20,000 to her get started, and they have decided to take year-end vacations costing $8,000 per year for the next four years. use 8 percent as the appropriate interest rate throughout this problem. use appendix a and appendix d for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. how much money will your parents have at the end of four years to you with graduate school, which you will start then?
Answers: 1
question
Business, 22.06.2019 10:40
You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months ago. recently, you saw that stubhub was listing similar seats for $225 apiece. what does it cost you to attend the concert?
Answers: 1
question
Business, 22.06.2019 13:50
Selected t-account balances for bloomfield company are shown below as of january 31, which reflect its accounting adjustments. the firm uses a calendar-year accounting period, but prepares monthly accounting adjustments.suppliesjan. 31 bal. 1,800 1,800 jan. 31 bal.supplies expensejan. 31 bal. 1,920 1,148 jan. 31 bal.prepaid insurancejan. 31 bal. 1,148 1,148 jan. 31 bal.insurance expensejan. 31 bal. 164 164 jan. 31 bal.wages payablejan. 31 bal. 1,400 1,400 jan. 31 bal.wages expensejan. 31 bal. 6,400 6,400 jan. 31 bal.truckjan. 31 bal. 17,376 17,376 jan. 31 bal.accumulated depreciation -truckjan. 31 bal. 5,068 5,068 jan. 31 bal.a. if the amount in supplies expense represents the january 31 adjustment for the supplies used in january, and $1,240 worth of supplies were purchased during january, what was the january 1 beginning balance of supplies? $answerb. the amount in the insurance expense account represents the adjustment made at january 31 for january insurance expense. if the original insurance premium was for one year, what was the amount of the premium, and on what date did the insurance policy start? amount of the premium $answerthe policy began on answerjune 1july 1august 1september 1october 1november 1 of the previous year.c. if we assume that no beginning balance existed in either in either wage payable or wage expense on january 1, how much cash was paid as wages during january? $answerd. if the truck has a useful life of four years (or 48 months), what is the monthly amount of depreciation expense, and how many months has bloomfield owned the truck? answermonths
Answers: 1
You know the right answer?
Wages of $13,000 are earned by workers but not paid as of december 31. depreciation on the company’s...
Questions
question
Chemistry, 15.10.2019 08:00
question
Chemistry, 15.10.2019 08:00
Questions on the website: 13722362