subject
Business, 04.10.2019 20:20 Jasten

1. events concerning the ellen company for 2015 are described below a. on september 1, 2015, a two-year comprehensive insurance policy was purchased for $2,400. the payment was debited to prepaid insurance. b. on december 1, 2015, a customer paid $1,250 in advance for services to be performed in january of 2016. the payment was credited to unearned revenue on january 1, 2015, the office supplies account had a $500 balance. supplies o costing $3,100 were purchased during the year. at december 31, an inventory count c. showed $100 of supplies on hand d. on december 31, 2015, $4,800 of unpaid employee salaries had accumulated. no entry for these salaries has been recorded e. straight-line depreciation is recorded only at year-end and is being used for a building that was purchased at the beginning of 2014 for $48,000, with an expected life of 30 years and an estimated residual value of $3,000. the income tax rate is 35% on current income. pretax income before the above adjusting entries was $95,600. f. required prepare the appropriate december 31, 2015, adjusting entry for each item, or indicate that an adjusting entry is not necessary. assume that ellen's transactions were initially recorded in permanent (balance sheet) accounts unless otherwise indicated english (united states

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 02:30, maxicanofb0011
Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?
Answers: 1
image
Business, 22.06.2019 06:30, hannahroswall1
Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances
Answers: 1
image
Business, 22.06.2019 07:30, natebarr17
Select the correct answer. sarah works in a coffee house where she is responsible for keying in customer orders. a customer orders snacks and coffee, but later, cancels th snacks, saying she wants only coffee. at the end of the day, sarah finds that there is a mismatch in the snack items ordered. which term suggest data has been violated? a. security b. integrity c. adding d. reliability e. reporting
Answers: 3
image
Business, 22.06.2019 11:20, ebt2367
Money aggregates identify whether each of the following examples belongs in m1 or m2. if an example belongs in both, be sure to check both boxes. example m1 m2 gilberto has a roll of quarters that he just withdrew from the bank to do laundry. lorenzo has $25,000 in a money market account. neha has $8,000 in a two-year certificate of deposit (cd).
Answers: 3
You know the right answer?
1. events concerning the ellen company for 2015 are described below a. on september 1, 2015, a two-y...

Questions in other subjects:

Konu
Mathematics, 22.04.2020 01:50