subject
Business, 06.05.2020 06:14 LilFreaky666

1. Rent revenues include advanced rentals for summer occupancy $16,000.
2. There were $1,700 of supplies on hand at March 31.
3. Prepaid insurance resulted from the payment of a one-year policy on January 1, 2020.
4. The mail on April 1, 2020, brought the following bills: advertising for week of March 24, $120; repairs made March 10, $260; and utilities, $190.
5. Salaries and wages expense total $270 per day. At March 31, 2 days' salaries and wages have been incurred but not paid.
6. The note payable is a 3-month, 10% note dated January 1, 2020.

a. Prepare any adjusting journal entries required at June 30, 2017.
b. Prepare a correct income statement for the quarter ended June 30, 2017.
c. Explain to Betty the generally accepted accounting principles that she did not recognize in preparing her income statement and their effect on her results

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 02:00, Sumysumy
Southeastern bell stocks a certain switch connector at its central warehouse for supplying field service offices. the yearly demand for these connectors is 15,000 units. southeastern estimates its annual holding cost for this item to be $25 per unit. the cost to place and process an order from the supplier is $75. the company operates 300 days per year, and the lead time to receive an order from the supplier is 2 working days. a) find the economic order quantity. b) find the annual holding costs. c) find the annual ordering costs. d) what is the reorder point?
Answers: 2
image
Business, 22.06.2019 06:10, aj0914
Investment x offers to pay you $5,700 per year for 9 years, whereas investment y offers to pay you $8,300 per year for 5 years. if the discount rate is 6 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.) present value investment x $ investment y $ if the discount rate is 16 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.) present value investment x $ investment y
Answers: 1
image
Business, 23.06.2019 10:30, gshreya2005
Compare the rate at which each of the three students read. stew: connie: felicia: words minute 795 3 1855 7 2120 8 2650 10 260 words per minute which student reads at a faster rate? in your final answer, include all necessary calculations.
Answers: 2
image
Business, 23.06.2019 12:20, justinbailey96
What term refers to a formal on-the-job training program in which a worker shadows someone more experienced in the field?refers to a formal on-the-job training program in which a worker shadows someone more experienced in the field.
Answers: 2
You know the right answer?
1. Rent revenues include advanced rentals for summer occupancy $16,000.
2. There were $1,700...

Questions in other subjects: