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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Look at Merton’s Modes of Adaptation. Give at least one example of how someone‚ perhaps someone in the criminal justice system‚ uses each mode. Robert K. Merton’s "Social Structure and Anomie" (1938). People adapt in many different ways. Just as part of a river that suddenly finds it‚ self blocked by an obstacle and may split and find a new way to the ocean. Merton outlines five ways in which people adapt to society’s goals and means and they are as follows: 1) Conformity - Adherence to the practices
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The crumple zone is a structural feature in which can be mostly found in automobiles. They are constructed to absorb the kinetic energy from impact during an accident by controlled deformation. In order to absorb the impact of a head on collision‚ most of the time crumple zones are designed to be in the front part of a vehicle‚ they can also be found on the rear and sides of vehicles. Isaac Newton’s first law states that an object in motion will stay in motion with the same speed and direction unless
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strategy. By taking advantage from its uniqueness of the product on the subject of quality and innovation in relatively small markets. Moving the manufacturing process offshore may cost Ice Breaker more money but recently‚ the New Zealand texttile industry has been slowing down. As a result‚ overseas manufacturing factories has been more efficient in producing garments that also have better quality products than those in New
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Mean‚ median‚ and mode are differing values that furnish information regarding a set of observations. The mean is used when one desires to determine the average value for data ranked in intervals. The median is used to learn the middle of graded information‚ and the mode is used to summarize non-numeric data. The mean is equal to the amount of all the data in a set divided by the number of values in that set. It is typically used with continuous figures. The result will probably not be one of the
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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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“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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3 Failure Mechanism of Semiconductor Devices Contents 3.1 Reliability Factor and Failure Mechanism of Semiconductor Devices 3- 1 3.1.1 Reliability factors 3- 1 3.1.2 Failure factors and mechanisms of semiconductor devices 3- 4 3.2 Failure Mechanisms of Semiconductor Devices 3- 6 3.2.1 Time dependent dielectric breakdown (TDDB) 3- 6 3.2.2 Slow trap (NBTI) 3- 8 3.2.3 Hot carrier (AHC) 3-10 3.2.4 Soft error 3-12 3.2.5
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e EDouble entry - Income statement 1. Sales When sales are made‚ capital increases by the amount of profit made on the sale. 2. Expenses When ongoing costs‚ such as wages or rent are incurred‚ capital decreases. 3. Income and expense accounts Periodically‚ usually once a year‚ the figure of profit (income - minus expenses) is added to capital. During the year figures are accumulated in separate accounts for each item of income and expenditure. 4. Cost of sales At the end of the year‚ the
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