subject
Business, 20.01.2020 21:31 JorgeW5St

The following two events occurred for trey co. on october 31, 2017, the end of its fiscal year. a. trey rents a building from its owner for $2,800 per month. by a prearrangement, the company delayed paying october’srent until november 5. on this date, the company paid the rent for both october and november. b. trey rents space in a building it owns to a tenant for $850 per month by prearrangement, the tenant delayed paying theoctober rent until november 8. on this date, the tenant paid the rent for both october and november. requiredl prepare adjusting entries that the company must record for these events as of october 312 assuming trey does not use reversing entries, prepare journal entries to record trey’s payment of rent on november 5and the collection of the tenant's rent on november 8.3. assuming that the company uses reversing entries, prepare reversing entries on november 1 and the journal entries torecord trey's payment of rent on november 5 and the collection of the tena nt's rent on november 8.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 06:30
The larger the investment you make, the easier it will be to: get money from other sources. guarantee cash flow. buy insurance. streamline your products.
Answers: 3
question
Business, 22.06.2019 20:00
In william rathje's garbology project that focused on household waste, front door interviews found 15 percent of respondents saying that they consumed beer. the trash discard from the same area showed what percentage of household's consuming beer
Answers: 1
question
Business, 23.06.2019 11:50
Andrew owns a store in polk county. his trade extends throughout river city, but not beyond the county limits. he sells his store to betty and, as part of the transaction, agrees not to engage in the same business anywhere in river city for a period of five years. a. the time restraint is likely reasonable. b. the geographic restraint is likely reasonable. c. the agreement likely violates antitrust laws and the provision is not enforceable. d. both (a) and (b).
Answers: 1
question
Business, 23.06.2019 14:30
Accounting! will give five star the bixby co. had the following transactions involving the purchase of merchandise. prepare the necessary general journal entries. any applicable freight costs are prepaid by the seller. the perpetual inventory method is in use. june 16 purchased merchandise having a price of 6,000 from the shelby manufacturing co. on account with credit terms 2/10, n/30. transportation terms fob destination. june 16 purchased merchandise having a price of 9,000 from the ajax supply house on account with credit terms 2/10, n/30. transportation terms fob shipping point. the freight costs were 175. june 17 received the goods from shelby june 17 received the goods from ajax june 20 returned for credit merchandise with an invoice price of 800 to ajax june 25 paid shelby the amount owed june 28 paid ajax the amount owed june 30 returned for cash, merchandise with an invoice price of 400 to shelby questions: prepare the necessary general journal entry for june 16, purchased merchandise having a price of 6000 from shelby manufacturing co prepare the necessary general journal entry for june 17, received goods from shelby merchandise inventory 6000 prepare the necessary general journal entry for june 25 prepare the necessary general journal entry for june 28
Answers: 3
You know the right answer?
The following two events occurred for trey co. on october 31, 2017, the end of its fiscal year. a. t...
Questions
question
Mathematics, 16.12.2020 04:00
question
Mathematics, 16.12.2020 04:00
Questions on the website: 13722367