1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rusak2 [61]
3 years ago
14

Depreciation on the company's equipment for the year is computed to be $18,000. The prepaid insurance account had a $6,000 debit

balance at december 31 before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $1,100 of unexpired insurance coverage remains. The office supplies account had a $700 debit balance at the beginning of december; and $3,480 of office supplies were purchased in december. The december 31 physical count showed $300 of supplies available. Two-thirds of the work related to $15,000 of cash received in advance was performed this period. The prepaid rent account had a $6,800 debit balance at december 31 before adjusting for the costs of any expired coverage. An analysis of rental policies showed that $5,800 of rental coverage had expired. Wage expenses of $3,200 have been incurred but are not paid as of december 31.
Business
1 answer:
scZoUnD [109]3 years ago
3 0

                       Depreciation Expense............................$18000

                                To Accumulated Depreciation............................$18000

(Being depreciation expense accounted)

                     Insurance Expense................................$4900

                               To Prepaid Insurance...........................................$4900

(Being Insurance Expensed)

                         Supplies Expense..............................$3880

                                 To Supplies.......................................................$3880

(Being Supplies Consumed Expensed)

                     Unearned Service Revenue.......................$10000

                           To Service Revenue..................................................$10000

(Being Unearned Service Revenue Recognised)

                        Rent Expense...............................$5800

                                 To Prepaid Rent......................................$5800

(Being rent expired Expensed off)

                     Wages Expense..............................$3200

                              To Wages Payable....................................$3200

(Being Wages payable expensed).

You might be interested in
To get a complete picture of your target market, you must do Question 2 options: door-to-door surveys. primary research. seconda
WITCHER [35]
Primary research To get a complete picture of your target market,
3 0
3 years ago
Read 2 more answers
Carlos is the VP Sales for a consumer electronics company and has recently been reviewing the performance feedback and employee
Oliga [24]

Answer:

Compensation.

Explanation:

According to the information in the question above, it can be said that Carlos is exercising the function of compensation management. His functions are related to the compensation that employees receive for carrying out their work. Compensation managers are also responsible for maintaining the rules of benefits in compliance with management and legality, in addition to developing strategies that assist in retaining and hiring employees and all types of data and information on compensation in the organization.

3 0
2 years ago
our business plan calls for sales of $45,000 in year 1 with compound growth of 30% per year thereafter. What are your projected
Law Incorporation [45]
477,202 are the projected sales after year 10.
4 0
3 years ago
Cyclical unemployment:_________
STatiana [176]

Answer: Occurs only during a recession.

Explanation:

Cycling unemployment is a kind of unemployment where company lay-off workers because they can't meet up with their payments: as a result of a general drop in the demand for goods and services in the economy of country.

Cyclical unemployment are very common in recessions as companies then massively drop workers in their establishment due to general low economic activities.

8 0
3 years ago
The purpose of this category of interview questions is to learn about the interviewees personal attributes
taurus [48]

The purpose of this category of interview questions is to obtain factual information about the interviewee.

5 0
3 years ago
Read 2 more answers
Other questions:
  • When an employee does the work necessary to remove physical dirt what food residue
    15·1 answer
  • A greenfield venture is when a company builds a subsidiary from scratch in a foreign country instead of acquiring an established
    13·1 answer
  • Which of the following is the best reason for researching and comparing colleges’ curricula before making a final decision?
    15·2 answers
  • Suppose a community garden in your neighborhood has both individually owned plots and a large common plot. Further assume that t
    13·1 answer
  • Barnette Inc.'s free cash flows are expected to be unstable during the next few years while the company undergoes restructuring.
    6·1 answer
  • Banks fail when the value of bank ________ falls below the value of ________, causing the bank to become insolvent.
    15·1 answer
  • If the labor force averaged 237 million in 2008–2011, by how much in percentage terms did the state and local layoffs described
    6·1 answer
  • Insurance sales, tax preparation, personal financial advising, and investment fund management are careers in which
    12·2 answers
  • A person can benefit from specialization and trade by obtaining a good at a price that is.
    8·1 answer
  • A forecast that addresses the business cycle by predicting planning indicators is.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!