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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dedicated and ambitious than ever towards my profession and hence in communicating the findings of my recent analysis pertaining to inefficiencies of the operations at Raw Material Yard. First‚ with the price of Pig Iron plummeting‚ companies in our industry are in a fix to decide on cutting down additional costs that can maintain or improve the overall profits. In case of our plant‚ I have performed a detailed analysis of every activity and deduced a proposed cost structure. This proposal‚ when implemented
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Literature on entry mode choice has tended to follow the narrow confines of a single theoretical framework for bringing together the industrial organization‚ transacion cost‚ evolutionary‚ and strategic management streams of literature on entry mode choice. The paper the illustrates an application of the framework to the choice of entry mode into Thailand‚ Malaysia‚ and Indonesia. This paper aims to provide insight into the choice of foreign mode of entry (as proxied by equity stakes) of Singaporean
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Basics of Insurance Meaning of Insurance Insurance provides financial protection against a loss arising out of happening of an uncertain event. A person can avail this protection by paying premium to an insurance company. A pool is created through contributions made by persons seeking to protect themselves from common risk. Premium is collected by insurance companies which also act as trustee to the pool. Any loss to the insured in case of happening of an uncertain event is paid out of this
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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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market entry strategy of exporting for SME’s v MNE’s? Use both academic and practical sources. You must include references to at least three business sources and at least three academic articles from academic journals. Introduction A number of companies has a huge successful in the domestic. Thus‚ these companies want to expand the new market in oversea. The company will make a strategy of entry the market involves the market analysis and company condition. The essay main discuss on entry the market
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“JOURNAL ENTRIES” a. JIL made initial cash investment. Cash XXX JIL‚ Capital XXX b. JIL made an additional investment‚ Equipment. Equipment XXX JIL‚ Capital XXX c. Purchased equipment on account. Equipment XXX Accounts Payable XXX d. Purchased equipment for cash. Equipment XXX Cash XXX e. Purchased supplies on account. Supplies XXX Accounts Payable XXX f. Purchased supplies for cash. Supplies XXX Cash XXX g. Rendered services on account. Accounts receivable XXX Service
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Catherine (Zhang Huan) RHET 106 John Knight 6 Oct. 2012 Communication bBarriers Living in the USA is an interesting experience and also a tough time during my life. I lived in a friend of my mother’s home when I got prep America. It was so far away from my University that I needed to take the BART first and then take art bus to school. I felt excited when I first took the BART because I saw so many different racepl of people around me. It was just like I was dreaming that I’mvt living in prepAmerican
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Financial Analysis: [pic] Submitted To: Dr. Masud Rahman Submitted By: Nogmaye Habiba ID # 073293060 Mehrin Afroze Chowdhury ID # 072 475 060 M. Rubbyat Akram ID # 063085060 Submission Date: 12th April‚ 2009 [pic] April 12‚ 2009 To‚ Dr. Masud Rahman Professor‚ MBA Program North South University Dear Sir‚
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