Business, 28.01.2020 06:31 YourFinalsAreHere
An analysis of thrift corp.'s unadjusted prepaid expense account at december 31, year 4, revealed the following: thrift had an opening balance of $1,500 for its comprehensive insurance policy. thrift had paid an annual premium of $3,000 on july 1, year 3. a $3,200 annual insurance premium payment made july 1, year 4 was unadjusted. a $2,000 advance rental payment for a warehouse thrift leased for one year beginning january 1, year 5 was included. in its december 31, year 4, balance sheet, what amount should thrift report as prepaid expenses?
Answers: 3
Business, 22.06.2019 03:30, levicorey846
Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000. ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account. iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620. iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account. v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books. required: 1. prepare the journal entries to correct the errors. (narrations required) 14.5 marks 2. prepare the suspense account showing clearly the original trial balance error. 8 marks
Answers: 2
Business, 22.06.2019 05:20, naomicervero
Social computing forces companies to deal with customers as opposed to
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Business, 22.06.2019 05:30, amandajbrewerdavis
Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?
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Business, 22.06.2019 12:30, bella51032
True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product
Answers: 1
An analysis of thrift corp.'s unadjusted prepaid expense account at december 31, year 4, revealed th...
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