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
Vinvika [58]
3 years ago
9

Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services Co. has

been prepared on the following end-of-period spreadsheet for the year ended October 31, 2016:
Alert Security Services Co.
End-of-Period Spreadsheet
For the Year Ended October 31, 2016
Unadjusted Trial Balance Adjustments Adjusted Trial Balance
Account Title Debit Credit Debit Credit Debit Credit
Cash 12
Accounts Receivable 90
Supplies 8
Prepaid Insurance 12
Land 190
Equipment 50
Accum. Depr.—Equipment 4
Accounts Payable 36
Wages Payable 0
Brenda Schultz, Capital 260
Brenda Schultz, Drawing 8
Fees Earned 200
Wages Expense 110
Rent Expense 12
Insurance Expense 0
Utilities Expense 6
Supplies Expense 0
Depreciation Expense 0
Miscellaneous Expense 2
500 500
The data for year-end adjustments are as follows:

• Fees earned, but not yet billed, $13.
• Supplies on hand, $4.
• Insurance premiums expired, $10.
• Depreciation expense, $3.
• Wages accrued, but not paid, $1.
Enter the adjustment data, and place the balances in the Adjusted Trial Balance columns. Leave cells blank that do not require an entry.

Enter the adjustment data, and place the balances in the Adjusted Trial Balance columns. Leave cells blank that do not require an entry.

Alert Security Services Co.

End-of-Period Spreadsheet

For the Year Ended October 31, 2016

1

Unadjusted

Unadjusted

Adjusted

Adjusted

2

Trial Balance

Trial Balance

Adjustments

Adjustments

Trial Balance

Trial Balance

3

Debit

Credit

Debit

Credit

Debit

Credit

4

Cash

12.00

5

Accounts Receivable

90.00

6

Supplies

8.00

7

Prepaid Insurance

12.00

8

Land

190.00

9

Equipment

50.00

10

Accumulated Depreciation-Equipment

4.00

11

Accounts Payable

36.00

12

Wages Payable

0.00

13

Brenda Schultz, Capital

260.00

14

Brenda Schultz, Drawing

8.00

15

Fees Earned

200.00

16

Wages Expense

110.00

17

Rent Expense

12.00

18

Insurance Expense

0.00

19

Utilities Expense

6.00

20

Supplies Expense

0.00

21

Depreciation Expense

0.00

22

Miscellaneous Expense

2.00

23

Totals

$500.00

$500.00

Business
1 answer:
harina [27]3 years ago
8 0

Answer:

attached file with the solution to give a better format

Explanation:

The fees earned will increase fees and account receivables is we don't colelct the amount

the supplied on hand will be compared against the book value

8 - 4 = 4 supplies expense

the premium expired will decrease the prepaid insurance

wages accrued will generate both, a wages payable and wages expense

You might be interested in
One element of ethical research consists of being open minded while researching and ensuring that data is leading your thoughts
Mumz [18]

Answer:

Objectivity

Explanation:

Objectivity as an element of ethical research requires a researcher to carry out the full research study or experimentation right from the design stage to the final analysis or interpretation to be free of any form of bias towards the outcome of the research study, findings or conclusion.

Hence, in this case, the element of ethical research that best describes these ideals is OBJECTIVITY.

7 0
3 years ago
When the production manager finds the average life of her battery-lifetime data, this is an example of what phase of inferential
den301095 [7]
Finding the average life of her battery lifetime data is an example of : D. Data analysis

in order to find out the average life, she must previously gather the data about her battery's lifetime over a period of time, then analyze it to find the average line

hope this helps
3 0
3 years ago
Read 2 more answers
Holliman Corp. has current liabilities of $407,000, a quick ratio of 1.90, inventory turnover of 4.50, and a current ratio of 3.
Sati [7]

Answer:

Cost of goods will be $4670325

Explanation:

We have given current liabilities = $407000

A quick ratio = 1.90

Current ratio is 3.40 and inventory turnover = 4.50

We know that current ratio is the ratio of current assets and current liabilities

So 3.4=\frac{current\ assets}{current\ liabilities}

So current assets = $1383800

Now quick ratio is equal to = \frac{current\ assets-inventory}{curtrent\ liabilities}

So 0.85=\frac{1383800-inventory}{407000}\\

Inventory = $1037850

Inventory turnover is given 4.5

So 4.5=\frac{cost\ of\ goods\ sold}{average\ inventory}

4.5=\frac{cost\ of\ goods\ sold}{1037850}

So cost of goods sold = 4.5×$1037850 = $4670325

5 0
3 years ago
Brian is a 25% partner in the BC Partnership. On January 1, BC distributes $20,000 cash and land with a $16,000 fair value (insi
pentagon [3]

Answer:

The amount is $4,000 and Brain character reflects the capital gain.

Explanation:

Partnership: In partnership, there are two or more partners who are ready to share the profit or losses in their profit-loss sharing ratio.

The computation is shown below:

= Brain's basis - the inside basis

= $16,000 - ($20,000 - $8,000)

Since the brain basis show excess amount than inside basis which reflects the capital gain .

The inside basis is not relevant in the computation part. Hence, it is ignored.  

6 0
3 years ago
Which of the following is not an example of a cost and its related cost driver? Cost Cost Driver A. Rent Square feet B. Transpor
valina [46]

Option C

Direct labor hours ; Indirect labor is not an example of a cost and its related cost driver

<u>Explanation:</u>

A cost driver triggers a variation in the price of the activity. The idea is everywhere ordinarily employed to allocate aloft prices to the abundance of built assemblies. It can further be related to activity-based costing inquiry to ascertain the circumstances of expenses, which can be done to depreciate overhead prices.

In unusual accounting systems, cost drivers are practically inapplicable in determining the enrichment, Quantity of set-ups, Amount of machine-hours, Amount of labor hours, Abundance of orders bound and uttered.

7 0
3 years ago
Other questions:
  • Conducting research about an occupation, company, or job can increase your employability by up to _____.
    14·1 answer
  • Monetary policy is made by which part of the federal reserve? the board of governors. the federal open market committee. the fed
    13·1 answer
  • The consumers union has proved effective in forcing businesses to change unethical behavior
    5·1 answer
  • Grouper Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business
    9·1 answer
  • There are advantages to doing business with just one vendor, and you should always stick to just one if you can
    15·1 answer
  • Which actions can the mentor take to develop effective leadership qualities in the aspiring leader? Select all that apply.Modeli
    5·1 answer
  • Wildcat, Inc., has estimated sales (in millions) for the next four quarters as follows:
    9·1 answer
  • https://dojopdf.s3-external-1.amazonaws.com/648188929767d193da308cab1b01c024/pdf_api/2019_parent_invitation-5fd2577f548e493f3e59
    12·1 answer
  • What are some aspects that you'd want to include in a pitch to a venture capitalist?
    5·1 answer
  • B was 42 when the life insurance policy was issued. 42 is referred to as the ______ age of the policy.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!