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
777dan777 [17]
3 years ago
14

Wang Company accumulates the following adjustment data at December 31. For each item, indicate the (1) type of adjustment (prepa

id expense, unearned revenue, accrued revenue, or accrued expense) and (2) the status of the accounts before adjustment (overstated or understated). (Enter your answers in alphabetical order.) (1) Type of Adjustment (2) Accounts Before Adjustment (a) Services performed but unbilled totals $600. Select a type of adjustment Select a status of the accounts Select a status of the accounts (b) Store supplies of $160 are on hand. The supplies account shows a $1,900 balance. Select a type of adjustment Select a status of the accounts Select a status of the accounts (c) Utility expenses of $275 are unpaid. Select a type of adjustment Select a status of the accounts Select a status of the accounts (d) Service performed of $490 collected in advance. Select a type of adjustment Select a status of the accounts Select a status of the accounts (e) Salaries of $620 are unpaid. Select a type of adjustment Select a status of the accounts Select a status of the accounts (f) Prepaid insurance totaling $400 has expired. Select a type of adjustment Select a status of the accounts
Business
1 answer:
Naddik [55]3 years ago
8 0

Answer and Explanation:

The type of adjustment and the status of accounts before the adjustment is shown below:-

          Type of adjustment         Accounts before adjustment

(a)        Accrued revenues               Assets understated

                                                          Revenues understated

(b)        Prepaid expenses              Assets overstated

                                                        Expenses understated

(c)         Accrued expenses            Expenses understated

                                                        Liabilities overstated

(d)         Unearned revenues         Revenues understated

                                                        Liabilities overstated

(e)         Accrued expenses            Expenses understated

                                                        Liabilities understated

(f)        Prepaid expenses              Assets overstated

                                                        Expenses understated

You might be interested in
Why Do Organizations not change in response to environmental pressures?​
Elina [12.6K]

Answer:

It often proves difficult to actually realize the change that you have come up with. Especially when it comes to cultural or behavioral change. We want to show that change is not so much something that you have to get others to join. You have to make your change part of it

3 0
3 years ago
Taobao has been placed on the U.S. trade representative offices blacklist of “notorious marketplaces” due to the websites sale o
Gemiola [76]

Answer:

The answer is: letter a, To protect national security.

Explanation:

This incident occurred in <em>2016.</em> Taobao is one of the online shopping websites owned by "Alibaba Group." It was placed on the blacklist by the U.S. because of selling<em> "counterfeit goods."</em> However, it was removed from the blacklist in 2012, since it showed efforts in combating piracy.

One reason for putting Taobao in the blacklist is to protect national security. This is the responsibility of the government to the nation when it feels threatened by anything harmful. The pirated goods were considered a threat to the nation. It can also result to financial loss to the owners due to stolen intellectual properties.

Thus, this explains the answer.

3 0
3 years ago
How is creating a report with the report wizard different from creating one with the report button?
pickupchik [31]

The creation of report with the report wizard differs from creating one with the report button because the report wizard allows the user to have more options and flexibility in the design.

<h3>What is a report wizard?</h3>

This refers to the self-service reporting solution that enables users to create business reports quickly and efficiently.

However, the creation of report with the report wizard differs from creating one with the report button because the report wizard allows the user to have more options and flexibility in the design.

Read more about report wizard

<em>brainly.com/question/14363909</em>

#SPJ1

3 0
2 years ago
What's the difference between a debit card and a cash card
sveta [45]
A cash card<span> will only allow you to make ATM (Automatic Teller Machine) withdrawals. A </span>debit card<span> will allow you to pay directly for goods and services </span>in<span> any place where your </span>card's <span>payment network (Visa, Maestro, etc.) </span>is<span> accepted.

hope this helped :)
alisa202</span>
5 0
3 years ago
Read 2 more answers
The United States Department of Education supports and funds CTSOs.<br> True or False?
bixtya [17]

the answer is True

hope it helps!

5 0
3 years ago
Read 2 more answers
Other questions:
  • g Suppose you have a possible investment that costs $100 today but, starting one year from now, pays $5 in some years with proba
    6·1 answer
  • Marston acquired assets for $100,000. At the end of year 3, the assets had accumulated depreciation of $40,000. An impairment lo
    15·1 answer
  • A man wants to add a swimming pool and spa to his single-family home. He asked an appraiser to determine whether the new improve
    13·1 answer
  • List and describe the three communities of interest that engage in an organization’s efforts to solve InfoSec problems. Give two
    6·1 answer
  • Rice Industries owns a manufacturing plant in a foreign country. Political unrest in the country indicates that Rice should inve
    9·1 answer
  • IT Support Services is a technology company that offers many IT services in highly populated southern Maine. The company's servi
    11·1 answer
  • Which of the following terms refers to the process of converting a not-for-profit stock exchange owned by its members to a for-p
    5·1 answer
  • Which of the following statements about cover letters is false?
    15·2 answers
  • Identify which type of sampling is​ used: random,​ systematic, convenience,​ stratified, or cluster. To determine customer opini
    5·2 answers
  • The sequence of suppliers that contribute to creating and delivering a product, from raw materials to production to final buyers
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!