QUIZ CHAPTER 3 ACTG 500 BE 161 Prepare adjusting entries for the following transactions. Omit explanations. 1. Depreciation on equipment is $800 for the accounting period. 2. There was no beginning balance of supplies and purchased $500 of office supplies during the period. At the end of the period $80 of supplies were on hand. 3. Prepaid rent had a $1‚000 normal balance prior to adjustment. By year end $600 was unexpired. Solution 161 |1 |Depreciation Expense
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Kyle Jarman Group B Topic 4: Adjusting Entries What are the 4 different Adjusting Entries?: Adjusting entries are classified as either deferrals or accruals. Each class has two subcategories: Prepaid Expenses‚ Unearned Revenues‚ Accrued Revenues and Accrued Expenses. What accounting assumptions necessitate the use of adjusting entries?: Some events are not recorded daily because it is not efficient to do so. Some costs are not recorded during the accounting period because they expire
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Leading into reading the book Milkweed‚ I had mixed emotions. Milkweed‚ not being my first choice‚ and not looking too interesting by the cover‚ turned out to be a very good book. In the book Milkweed‚ by Jerry Spinelli‚ a young boy named Misha‚ looks for his direction in life‚ while searching for his past in the midst of the historical event‚ the Holocaust. You should read this book because‚ the main character Misha‚ is near the same age you are‚ the vocabulary and wording of the book is very easy
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Barriers to entry are economic‚ procedural‚ regulatory‚ or technological factors that obstruct or restrict entry of new firms into an industry or market. Barriers to exit are perceived or real impediments that keep a firm from quitting uncompetitive markets or from discontinuing a low-profit product. 2. Types of barriers: Innocent barriers are those that are part and parcel of the nature of the industry and have not been specially erected by the incumbents to hinder the entry of other firms
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4. Entry Mode Screening: Ultimately‚ the favored option for Krispy Kreme Doughnuts Inc. to penetrate into Singapore’s target market is the direct investment entry mode. Direct investment entails the firm undertaking the target product marketing task its self. This includes practices such as developing contracts‚ market research‚ target product marketing‚ handling legal issues and documentation and pricing. Direct investment‚ serves as an umbrella term for a number of entirely more specific examples
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board of directors of Olay as they plan to set up a factory and expand distribution in another country. Due to disagreements in the previous meeting about developed and developing countries to invest in‚ a PEST analysis has been carried out between China‚ a developing country and South Korea‚ a developed country. Main purpose of this is to identify which country provides the most benefit from expansion. In political analysis‚ taxation‚ employment regulations‚ laws and regulations have been compared
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In The Entry into Jerusalem‚ the biblical narrative of Zacheus displays the theme of equality in the ministry of Jesus Christ. The dramatists portray the socially-constructed hierarchies that reflect economic and physical stature as irrelevant to religious doctrine. Regardless of the characters’ social status in the Jewish community‚ Christ perceives all of the citizens as equal to their peers and inferior to the sovereignty of God. The dramatists characterize Zacheus as a citizen who is vulnerable
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Dear‚ Mr. Spinelli Hi! My name is Sayantika Sarkar. I go to school at Iselin Middle School. For my summer reading project I had to read the book Smiles to Go‚ it was phenomenal. Smiles to Go just states that life cannot be planned; you have to wait and see what life throws at you. I love how the book is just about a normal person’s everyday life but still its unique. What inspired you to write Smiles to Go? Is the story of Smiles to Go based on your actual life? Did you make up the stuff about
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Once upon a time there were two brothers who lived a wonderful life in the 1110’s in Cedar Kingdom where they were born and raised. Mr Cuddlesworth was a unflustered‚ humorous‚ born leader. He was the most humble guy in the kingdom and he was about six feet tall. Jerry McGhoulberry was a born fighter who could take on anyone and everyone. He was the bravest‚ strongest and most loyal to his wife Tabitha McGhoulberry. In Cedar Kingdom everything was perfect. There was no evil and only good. It was
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1. Ben-Hur is the last great film score in the tradition of the golden age until 1977. Describe the characteristics of the classical film score as exemplified in this film. Include a description of significant themes and scenes. (10 pts) Ben- Hur directed by William Wyler in 1958 is one of the most well-known films that reflects classical traditions. Throughout the film‚ Miklos Rozsa used love themes through the romantic relationships. Miklos also incorporates harmony through his musical ideas
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