Business, 09.10.2021 14:00 chloeholt123
The following selected accounts and normal balances existed at year-end. Accounts receivable $46,000 Prepaid insurance 4,900 Land 53,000 Accounts payable 41,000 Notes payable 59,000 Retained earnings 15,000 Dividends 2,100 Fees earned revenue 68,000 Selling expenses 35,500 Administrative expenses 13,250 Miscellaneous expense 1,250 Make the four journal entries required to close the books. If an amount box does not require an entry, leave it blank.
Answers: 3
Business, 21.06.2019 21:00
In order to minimize project risk which step comes after the step of identifying risks
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When color is used on a topographical drawing, black is used to represent what?
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Business, 22.06.2019 03:30
Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.
Answers: 1
Business, 22.06.2019 10:00
University car wash built a deluxe car wash across the street from campus. the new machines cost $219,000 including installation. the company estimates that the equipment will have a residual value of $19,500. university car wash also estimates it will use the machine for six years or about 12,500 total hours. actual use per year was as follows: year hours used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 prepare a depreciation schedule for six years using the following methods: 1. straight-line. 2. double-declining-balance. 3. activity-based.
Answers: 1
The following selected accounts and normal balances existed at year-end. Accounts receivable $46,000...
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