Ricardo construction began operations on december 1. in setting up its accounting procedures, the company decided to debit expense accounts when it prepays its expenses and to credit revenue accounts when customers pay for services in advance. prepare journal entries for items a through d and the adjusting entries as of its december 31 period-end for items e through g. a. supplies are purchased on december 1 for $2,000 cash. b. the company prepaid its insurance premiums for $1,540 cash on december 2. c. on december 15, the company receives an advance payment of $13,000 cash from a customer for remodeling work. d. on december 28, the company receives $3,700 cash from another customer for remodeling work to be performed in january. e. a physical count on december 31 indicates that the company has $1,840 of supplies available. f. an analysis of the insurance policies in effect on december 31 shows that $340 of insurance coverage had expired. g. as of december 31, only one remodeling project has been worked on and completed. the $5,570 fee for this project had been received in advance and recorded as remodeling fees earned.

While information systems can be used to gain a strategic advantage, they have inherent risks. hershey foods, for example, crippled its halloween sales when its complex is system failed to support its supply and inventory needs during peak production season. this is an example of which specific is risk

Select the correct answer a research organization conducts certain chemical tests on samples. they have data available on the standard results. some of the samples give results outside the boundary of the standard results. which data mining method follows a similar approach? o a. data cleansing ob. network intrusion o c. fraud detection od. customer classification o e. deviation detection

Kiona co. set up a petty cash fund for payments of small amounts. the following transactions involving the petty cash fund occurred in may (the last month of the company's fiscal year). may 1 prepared a company check for $350 to establish the petty cash fund. 15 prepared a company check to replenish the fund for the following expenditures made since may 1. a. paid $109.20 for janitorial services. b. paid $89.15 for miscellaneous expenses. c. paid postage expenses of $60.90. d. paid $80.01 to the county gazette (the local newspaper) for an advertisement. e. counted $26.84 remaining in the petty cashbox. 16 prepared a company check for $200 to increase the fund to $550. 31 the petty cashier reports that $380.27 cash remains in the fund. a company check is drawn to replenish the fund for the following expenditures made since may 15. f. paid postage expenses of $59.10. g. reimbursed the office manager for business mileage, $47.05. h. paid $48.58 to deliver merchandise to a customer, terms fob destination. 31 the company decides that the may 16 increase in the fund was too large. it reduces the fund by $50, leaving a total of $500.