Ask question

Ask question

All categories

faltersainse [42]

2 years ago

12

Journalize the adjusting entry needed at December 31 for each situation. Record debits first, then credits. Check your spelling

carefully and do not abbreviate. Use account names exactly as given in the Chart of Accounts. Rent for the year was prepaid on January 1 in the amount of $5,280. Record the transaction for December's rent that has expired. Rent for the year was prepaid on January 1 in the amount of $5,280. Record the transaction for December's rent that has expired. Date Accounts and Explanation Debit Credit Rent Expense 440 Prepaid Rent 440 Depreciation for the current year includes Equipment, $2,200.

1 answer:

11Alexandr11 [23.1K]2 years ago

7 0

Answer:

1

dr Rent expenses 440

cr Prepaid rent 440

Rent december

2

dr Depreciation expenses 183,33

cr Accumulate depreciation 183,33

Depreciation december

Explanation:

1

dr Rent expenses 440

cr Prepaid rent 440

Rent december

2

dr Depreciation expenses 183,33

cr Accumulate depreciation 183,33

Depreciation december

You might be interested in

Shelby Boat Wash's cost formula for its cleaning equipment and supplies is $2,940 per month plus $35 per boat. For the month of

Vilka [71]

Answer:

$1,540

Explanation:

Calculation for the activity variance for cleaning equipment and supplies in September

First step is to calculate for theFlexible budget

Using this formula

Flexible budget =[Cleaning equipment and supplies +(Amount per boat ×Actual level of activity)

Let plug in the formula

Flexible budget =[$2,940 + ($35 × 29)]

Flexible budget =$2,940+$1,105

Flexible budget =$3,955

Second step is to calculate for the Planning budget using this is formula

Planning budget =[Cleaning equipment and supplies +(Amount per boat ×Planned activity ]

Let plug in the formula

Planning budget= [$2,940 + ($35 × 73)]

Planning budget=$2,940+$2,555

Planning budget=$5,495

Now let calculate for the activity variance

Using this formula

Activity variance=Flexible budget-Planning budget

Let plug in the formula

Activity variance=$3,955-$5,495

Activity variance=$1,540 Favorable

Therefore the Activity variance for cleaning equipment and supplies in September is closest to:$1,540 Favourable reason been that the flexible budget is lesser than the planning budget

5 0

3 years ago

_____ is a team behavior demonstrated by using good manners.

svp [43]

Answer:

listening

Explanation:

7 0

3 years ago

1. Identify the factors that impact the social responsibility policies implemented by businesses.

andreyandreev [35.5K]

Answer:

Number one is the answer

Explanation:

7 0

2 years ago

To the extent that employers conduct a social media background check on job candidates, best practices are all of the following

Grace [21]

Answer:

Limit access to private information by friending someone

Explanation:

When conducting recruitment of an individual employers sometimes do background checks on the person's social media information.

There however needs to be consideration of the person's privacy in doing this.

There should be use of only publicly available information, background check can be done by a third party that is not making hiring decision, and do not request username and password for social media platforms.

It is not best practice to befriend a person on social media in order to obtain their private information.

8 0

2 years ago

XYZ Zippers, Inc. wants to develop a new sales system that account executives can access over the Internet with a back-end custo

DanielleElmas [232]

Answer:

A programmer, a web designer, and a data analyst.

Explanation:

The programmer creates the sales system application. He will integrate key functionalities in the new software that will meet the companie's unique need.

The we designer will create a website that will give easy access to the newly developed sales system application. This will also involve content creation and user interface creation.

Data analyst will be in charge of managing client's data. Making sure data is secure and in a form that can be easily accessed and used.

5 0

3 years ago