What can you achieve by selecting insert in the table menu

The unadjusted trial balance for Sierra Corp. is shown below.

Fiesta28 [93]

Answer:

1. Dr Cost of goods manufactured 2000

Cr supplies 2000

2.Dr Insurance expense 100

Cr Prepaid insurance 100

3. Dr Depreciation expense 75

Cr Accumulated depreciation 75

4. Dr unearned revenue 800

Cr service income 800

5. Dr Account receivable 280

Cr Service revenue 280

6. Dr Interest expense 70

Cr Interest payable 70

7. Dr Salaries expense 1400

Cr Salaries payable 1400

Explanation:

1. At the end of reporting 500 supplies were at hand (2500-500)= 2000 used and closes in to cost of goods manufactured.

2.Prepaid insurance was 600 and expires 100 of the month.(600-100)=500 will be prepaid.

4. Revenue is earned which was unearned and collection was recorded and liability created of that amount,this is done because of matching principle.

4 0

3 years ago

Tishian's funeral home has been in business for over 80 years. throughout its history, the firm has been a family-run operation.

creativ13 [48]

<span>Mort's grandfather had his business strategy, in other words, his own principles, which he put it as ''you pay me when you can, I ain't goin' nowheres''. Mort mentions that cash flow is very important. Indeed, he</span> needs to develop a short-term forecast, which is a prediction of revenue, costs, and expenses for a period of a year or less.

6 0

3 years ago

Karvel Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. For the mo

Galina-37 [17]

Answer:

Karvel would have applied more overhead to Work in Process than the actual amount of overhead cost for the year.

Option A is correct.

Explanation:lj;kxzx

Predetermined overhead rate = Estimated overhead cost/estimated machine hours.

Therefore, the overhead rate of Karvel Corporation = $300,000 /75,000 = $4.00 per hour.

Now, we need to apply the Predetermined overhead rate on the actual machine hours.

At 75,000 machine-hours, the amount that would have been applied = 75,000*4 = $300,000.

Over/under- applied cost = Actual overhead cost - applied overhead cost.

Actual overhead cost = $290,000.

Applied overhead cost = $300,000

Under- applied cost = $290,000 - $300,000 = -$10,000.

Thus, Karvel Corporation applied more overhead to Work in Process than the actual amount of overhead cost for the year.

5 0

4 years ago

The study of ________ reveals a number of ways to enhance your relationship strategy and add value. this helps the salesperson

tamaranim1 [39]

The answer to the blank space is etiquette and manners.

When a salesperson receives training to enhance their etiquette and manners, it would help with their self-confidence when meeting potential clients or customers. It would also help them in establishing a good relationship with these individuals, since people are more receptive to people with good manners.

4 0

3 years ago

Burning one gallon of gasoline in a car releases approximately 20 pounds of CO2 into the atmosphere. One average person drives 6

Oksanka [162]

Answer: 20,000 pounds of CO₂

Explanation:

30 mpg car.

Number of gallons of gasoline used:

= 60,000 / 30

= 2,000 gallons

CO₂ released = 2,000 * 20

= 40,000 pounds

20 mpg car

Number of gallons used:

= 60,000 / 20

= 3,000 gallons

CO₂ released = 3,000 * 20

= 60,000 pounds

Difference:

= 60,000 - 40,000

= 20,000 pounds of CO₂

8 0

3 years ago