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This is the prob: Prepare the adjusting entries required by the ff information made available to you on December 31,2009, the end of the accounting period: a: On Dec 31, two notes are on hand: 1,500 for 60 days dated December 16,2009 at 14% was received from a customer 1,800 90 days issued...
Which of the following pairs of accounts could not appear in the same adjusting entry? a. Interest income and Interest expense; b salaries payable and salaries expense; c rent expense and prepaid rent; d service revenue and unearned revenue
My balance sheet reflects prepaid insurance of $1,200 for Dec 31. It is a 3 year policy that started Jan 1. How do I make adjustments for the year and what should the corrected amount be?
The Ritz Manor is a popular seaside resort. A double room costs $220 for one night. In order to reserve a room, guests must pay one night’s stay in advance. On each floor of the hotel, Vendalite Company operates vending machines with energy bars, juices, and other snacks for guests. Vendalite...
Hasterson has a five-day work week and pays salaries of $70,000 each Friday 1 Make the adjusting entry required on July 31, assuming that August 1 falls on a Wednesday. 2 Make the entry to pay the salaries on August 3. Thanks!!
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