Adjusting Entries – Examples Let’s work with some examples. We are working with a one year accounting period that ends on 12/31/X2. Let’s use a three step process. Step 1 – Analyze the transaction. Step 2 – Record in the journal. Step 3 – Post to the ledger. Example 1: On 12/31/X2 (before the adjusting process)‚ Supplies‚ an asset‚ has a balance of $2‚500. Employees take a physical account of the supplies on hand. That physical count reveals that $1‚200 of supplies remains. Step 1 ‐‐ The balance
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CONTEXT • Remembrance Day/ Armistice Day- 1993 • Republican debate- ALP- made Republicanism the party line in 1991 under Hawke • May 1993- Republic Advisory Committee set up • Mabo- 1992/ Native title- 1993 • Keating two year into PM role PURPOSE • Dual purpose: -> commemorate those who have died and those who have served for Australia in field of conflict -> political agenda- to unite‚ galvanise and forge new identity for Australia under Keating’s leadership-> for Australians to take
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Sallie Brown October 17‚ 2010 HIS108 Fall Bi-term Columbus Journal Introduction: On Friday the 3rd of August ____________________________________________________________ ___________________________________1492‚ Christopher Columbus created and made his 1st ____________________________________________________________ ________________journal entry as he set sail on his voyage. This journal was intended for the prince of the Indies. The prince gave him orders to keep track of the
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Checkpoint: Subsidiary Ledgers and Special Journals The advantages of using the four different special journals are you are able to post the total in the journal that it corresponds to one time at the end of the month. You are also able to have different people or departments handle the journal that pertains to them. By doing it this way‚ the accounting department will have better controls and there will be no conflicting responsibilities. The cash receipts journal is used when you have a debit to cash
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the poem “Paul Revere’s Ride” was written‚ has anything ever brought you to think how history accurate it was? Well‚ there were a few things incorrect about this poem. First‚ Longfellow inaccurately stated‚ the use of the lantern Paul Revere had carried. Foremost‚ the author didn’t mention the correct number of people who were included. Finally‚ the Civil War purpose was inexact‚ the purpose wasn’t in detail where the reader could interpret it. Incorporated in the article was‚ Paul Revere and the American
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What are the major advantages of the use of books of prime entry? There are many major advantages of using prime entry for varying entries. The first advantage is that it helps to keep the records briefly as it is difficult to manage every single transaction in the main ledger as it occurs. Another advantage of using prime entry of accounting makes it easy to follow transactions and avoids the confusion occur if all of the different information was in one place. The separated information saves the
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ST. PAUL ’S UNIVERSITY DISTANCE LEARNNING VIRTUAL CAMPUS BCD 110/BALM 114- INTRODUCTION TO COMMUNITY DEVELOPMENT CONTINUOS ASSESSMENT TEST (CAT TWO) – NOVEMBER‚ 2013 Q1. Our interpretation of the world is greatly influenced by our frames of analysis. a) Citing relevant examples‚ discuss how culture as a frame of analysis may influence a community development officer’s success in facilitating development in a community (15 Marks). Comprehensive community framework is a holistic process undertaken
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Adjusting Entries Yvenie Desire ACCT205-1203A-11 June 9‚ 2012 Adjusting Entries Welcome to the company and as an accounting clerk for the department you will be working a lot with the accounting department and with me. I will be mentoring you on certain aspect of accounting and what needs to be done. First we’ll get started with why adjusting entries are necessary. “Adjusting entries ensures that the correct amount of revenues and expenses are recorded in a specified time period.” (Editorial
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March 3‚ 2012 Dear Diary‚ I’m so upset!! I don’t even know where to begin! To start off‚ I think I completely failed my geometry quiz‚ which I know I should’ve studied more for...my dad’s not gonna be happy about that. :( Then‚ we had a pop quiz in history on the reading homework from last night‚ and I completely forgot most of what I read‚ which made me even more upset because I actually did the reading! But what really made me mad was the note that Sarah slipped into my locker during
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Jonathan Middleton Professor Fink WR 121 27 May 2011 Paul Rusesabagina: Hero or Opportunist In the film Hotel Rwanda‚ we see the portrayal of events at the Hotel Des Mille Collines as they were described in Paul Rusesabagina’s book titled “An Ordinary Man‚” which talks about his experiences in Rwanda during the genocide committed by the Hutu people in 1994. The Hutu people went on a killing spree‚ massacring over 800‚000 Tutsi natives in the span of two
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