Business, 02.09.2021 19:20 payshencec21

On October 1, Year 2, Stokes Company paid Eastport Rentals $4,800 for a 12-month lease on warehouse space. Required:

a. Record the deferral and the related December 31, Year 2, adjustment for Stokes Company in the accounting equation.
b. Record the deferral and the related December 31, Year 2, adjustment for Eastport Rentals in the accounting equation.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 21:40, icemaniac

Tandard product costs deerfield company manufactures product m in its factory. production of m requires 2 pounds of material p, costing $4 per pound and 0.5 hour of direct labor costing, $10 per hour. the variable overhead rate is $8 per direct labor hour, and the fixed overhead rate is $12 per direct labor hour. what is the standard product cost for product m? direct material answer direct labor answer variable overhead answer fixed overhead answer standard product cost per unit answer

Answers: 1

continue

Business, 21.06.2019 23:30, KylaChanel4756

You are frustrated to find that the only way to contact the customer service department is to make a phone call. the number listed would result in long distance charges to your phone bill. which issue should be addressed by the company to keep its crm in line with your expectations?

Answers: 2

continue

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

continue

Business, 23.06.2019 01:00, americanbellabeauty

Jimmy's delicatessen sells large tins of tom tucker's toffee. the deli uses a periodic review system, checking inventory levels every 88 days, at which time an order is placed for more tins. order lead time is 22 days. daily demand is a constant 1515 tins, so average demand during the reorder period and order lead time (1010 days) is 150150 tins. draw a sawtooth diagram. assume that the beginning inventory level is equal to the restocking level and the desired service level is 99.9%. what is the safety stock level? (hint: look at the formula for calculating restocking level.) what is the average inventory level? the safety stock level is average inventory level is __chart: time (10,20,30), tins (0,150) lines touching both axisthe safety stock level is 0 tinsthe average inventory level is 75 tins

Answers: 2

continue

You know the right answer?

On October 1, Year 2, Stokes Company paid Eastport Rentals $4,800 for a 12-month lease on warehouse...