subject
Business, 15.02.2021 20:20 carapiasebas

For each of the following independent situations, prepare journal entries to record the initial transaction on September 30 and the adjustment required on October 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. Hockey Helpers paid $5,800 cash on September 30 to rent an arena for the months of October and November.
b. Super Stage Shows received $17,800 on September 30 for season tickets that admit patrons to a theatre event that will be held twice (on October 31 and November 30).
c. Risky Ventures paid $4,350 on September 30 for insurance coverage for the months of October, November, and December.
1. Record the payment of $5,400 cash on September 30 to rent an arena for the months of October and November.
2. Record the October 31 adjusting entry for the September 30 cash payment of $5,400 to rent the arena for the months of October and November.
3. Record the receipt by Super Stage Shows of $17,400 on September 30 for season tickets that admit patrons to a theatre event that will be held twice (on October 31 and November 30).
4. Record the October 31 adjusting entry for the September 30 receipt of $17,400 for season tickets that admit patrons to a theatre event that will be held twice (on October 31 and November 30).
5. Record the payment by Risky Ventures of $4,050 on September 30 for insurance coverage for the months of October, November, and December.
6. Record the October 31 adjusting entry for the September 30 cash payment of $4,050 for insurance coverage for the months of October, November, and December.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 21:10
Upon completion of the northwest-corner rule, which source-destination cell is guaranteed to be occupied? a. top-leftb. the cell with the lowest shipping costc. bottom-leftd. top-righte. bottom-right
Answers: 1
question
Business, 22.06.2019 22:50
For 2016, gourmet kitchen products reported $22 million of sales and $19 million of operating costs (including depreciation). the company has $15 million of total invested capital. its after-tax cost of capital is 10%, and its federal-plus-state income tax rate was 36%. what was the firm’s economic value added (eva), that is, how much value did management add to stockholders’ wealth during 2016?
Answers: 1
question
Business, 23.06.2019 02:00
Donna and gary are involved in an automobile accident. gary initiates a lawsuit against donna by filing a complaint. if donna files a motion to dismiss, she is asserting that
Answers: 2
question
Business, 23.06.2019 07:00
An employer takes a deduction from your paycheck for federal taxes. where does this money go? -the money is sent to the federal government to pay for goods and services for the community. -the money is sent to the mayor. -the money is sent to the federal government and deposited in a retirement account. -the money is sent to the social security fund.
Answers: 3
You know the right answer?
For each of the following independent situations, prepare journal entries to record the initial tran...
Questions
question
Mathematics, 13.05.2021 18:30
question
Mathematics, 13.05.2021 18:30
question
Mathematics, 13.05.2021 18:30
question
Mathematics, 13.05.2021 18:30
question
Geography, 13.05.2021 18:30
question
Mathematics, 13.05.2021 18:30
question
History, 13.05.2021 18:30