On december 31, carmack company's prepaid insurance account had a balance before adjustment of $6,000. the insurance was purchased on july 1 of the same year for one year of insurance coverage, with coverage beginning on that date. the adjusting entry needed on december 31 is:
Answers: 1
Business, 22.06.2019 14:30, ayoismeisjjjjuan
Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.
Answers: 3
Business, 22.06.2019 20:00, hunter3978
Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?
Answers: 2
Business, 23.06.2019 00:30, josephfoxworth
Emerson has an associate degree. based on the bar chart below, how will his employment opportunities change from 2008 to 2018
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On december 31, carmack company's prepaid insurance account had a balance before adjustment of $6,00...
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