Business, 17.03.2020 22:32 carlosbs71
Harrod Company paid $6,200 for a 4-month insurance premium in advance on November 1, with coverage beginning on that date. The balance in the prepaid insurance account before adjustment at the end of the year is $6,200, and no adjustments had been made previously. The adjusting entry required on December 31 is:Debit Prepaid Insurance, $2,400; credit Insurance Expense, $2,400.
(a) Debit Cash, $4,800; Credit Prepaid Insurance, $4,800.
(b) Debit Insurance Expense, $1,200; credit Prepaid Insurance, $1,200.
(c) Debit Prepaid Insurance, $1,200; credit Insurance Expense, $1,200.
(d) Debit Insurance Expense, $2,400; credit Prepaid Insurance, $2,400.
Answers: 3
Business, 22.06.2019 12:50, tayjohn9774
Kendrick is leaving his current position at a company, and charlize is taking over. kendrick set up his powerpoint for easy access for himself. charlize needs to work in the program that is easy for her to use. charlize should reset advanced options
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Business, 22.06.2019 15:20, byler47
Capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charming as its annual loan rate. a. determine the maximum loan for which charming paper company could qualify.
Answers: 1
Business, 22.06.2019 19:30, dfrtgyuhijfghj4794
About 20 years ago, sturdy light, inc., produced a sturdy, lightweight backpack in a market that was rapidly growing. sturdy light became a leader in this market. eventually, the backpack market reached the maturity stage and slowed down. however, by this time, sturdy light had developed a strong brand name and continued to steadily lead the market. which of the following describes this scenario? a. sturdy light was a star that developed into a cash cow. b. sturdy light was a question mark that developed into a star. c. sturdy light was a dog that developed into a question mark. d. sturdy light was a cash cow that developed into a star.
Answers: 2
Harrod Company paid $6,200 for a 4-month insurance premium in advance on November 1, with coverage b...
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