subject
Business, 12.12.2019 06:31 itaheart101

Innovative consulting co. has the following accounts in its ledger: cash, accounts receivable, supplies, office equipment, accounts payable, common stock, retained earnings, dividends, fees earned, rent expense, advertising expense, utilities expense, miscellaneous expense. journalize the following selected transactions for october 20y2 in a two-column journal. journal entry explanations may be omitted. if an amount box does not require an entry, leave it blank. oct. 1. paid rent for the month, $4,400.
3 paid advertising expense, $1,350.
5 paid cash for supplies, $1,800.
6 purchased office equipment on account, $11,500.
10 received cash from customers on account, $8,600.
15 paid creditor on account, $3,180.
27 paid cash for miscellaneous expenses, $700.
30 paid telephone bill for the month, $550.
31 fees earned and billed to customers for the month, $37,200.
31 paid electricity bill for the month, $830.
31 paid dividends, $2,000.
journalize the preceding selected transactions for march 2018 in a two-column journal. refer to the chart of accounts for exact wording of account titles.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 03:30
Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars
Answers: 1
question
Business, 22.06.2019 13:50
When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars
Answers: 2
question
Business, 22.06.2019 20:10
The gilbert instrument corporation is considering replacing the wood steamer it currently uses to shape guitar sides. the steamer has 6 years of remaining life. if kept,the steamer will have depreciaiton expenses of $650 for five years and $325 for the sixthyear. its current book value is $3,575, and it can be sold on an internet auction site for$4,150 at this time. if the old steamer is not replaced, it can be sold for $800 at the endof its useful life. gilbert is considering purchasing the side steamer 3000, a higher-end steamer, whichcosts $12,000 and has an estimated useful life of 6 years with an estimated salvage value of$1,500. this steamer falls into the macrs 5-year class, so the applicable depreciationrates are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. the new steamer is fasterand allows for an output expansion, so sales would rise by $2,000 per year; the newmachine's much greater efficiency would reduce operating expenses by $1,900 per year.to support the greater sales, the new machine would require that inventories increase by$2,900, but accounts payable would simultaneously increase by $700. gilbert's marginalfederal-plus-state tax rate is 40%, and its wacc is 15%.a. should it replace the old steamer? b. npv of replace = $2,083.51
Answers: 2
question
Business, 22.06.2019 22:30
Ski powder resort ends its fiscal year on april 30. the business adjusts its accounts monthly, but closes them only at year-end (april 30). the resort's busy season is from december 1 through march 31. adrian pride, the resort's chief financial officer, the museums a close watch on lift ticket revenue and cash. the balances of these accounts at the end of each of the last five months are as follows:
Answers: 3
You know the right answer?
Innovative consulting co. has the following accounts in its ledger: cash, accounts receivable, supp...
Questions
question
Spanish, 18.01.2020 13:31