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Svet_ta [14]
3 years ago
10

Buatlah Jurnal Penyesuaian dan Jurnal Pembalik dari:

Business
1 answer:
mash [69]3 years ago
8 0

Answer:

I don't understand

Explanation:

English?

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Streep Factory provides a 2-year warranty with one of its products which was first sold in 2017. Streep sold $1,000,000 of produ
Brut [27]

Answer:

accounts receivable   1,000,000 debit

   sales revenues                       1,000,000 credit

------------------------------

warrant  expense    125,000 debit

        warrant liability              125,000 credit

-----------------------------

warranty liability       70,000 debit

             Inventory                       70,000 credit

Explanation:

The sales will be recorded as usual

Then we will recognize based on the company's expectation a warrant liability for 125,000 and a warrant expense for the same value

When the customer claims the warrant we will decrease the liaibility and also inventory as we are replacing the good so it is inventory account which decreases.

The reason why we do this treatment is to avoid charging expenses for the 2017 sales i nthe subsequent period (2019 and 2019) which vilates the matching principles.

4 0
3 years ago
Which of the following terms is NOT specifically defined under the Uniform Securities Act?A) Broker-dealerB) Broker-dealer repre
olga2289 [7]

Answer:

B. Broker-dealer representative.

Explanation:

The Uniform Securities Act defines a broker-dealer, it defines a representative of a broker-dealer, it defines an investment adviser, and it defines an investment adviser representative. So Overall, the term not specifically defined under the securities act is broker-dealer representative.

6 0
3 years ago
Wells Company reports the following sales forecast: September, $55,000; October, $66,000; and November, $80,000. All sales are o
irakobra [83]

Answer:

Total= $65,100

Explanation:

Giving the following information:

Wells Company reports the following sales forecast: September, $55,000; October, $66,000; and November, $80,000.

Collections of credit sales are received as follows: 25% in the month of sale, 60% in the first month after sale, and 10% in the second month after sale. 5% of all credit sales are written off as uncollectible.

Cash collection November:

November= 80,000*0.25= 20,000

From October= 66,000*0.6= 39,600

From September= 55,000*0.10= 5,500

Total= $65,100

4 0
3 years ago
The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 2019, the end of t
solong [7]

Answer:

The Gorman Group

1. The Gorman Group

Income Statement

For the Year Ended October 31, 2019

Service Fees                                                     $421,010

Rent Revenue                                                        4,450

Total Revenue                                                $425,460

Salaries Expense                           $301,820

Depreciation Expense—Equipment 16,400

Rent Expense                                    13,700

Supplies Expense                               9,710

Utilities Expense                                8,780

Depreciation Expense—Buildings    5,850

Repairs Expense                               4,840

Insurance Expense                          2,650

Miscellaneous Expense                   4,520  $368,270

Net Income                                                      $57,190

The Gorman Group

Statement of Owner's Equity

For the Year Ended October 31, 2019

Nicole Gorman, Capital                   $378,780

Net Income                                           57,190

Nicole Gorman, Drawing                   (22,200)

Owner's Equity, October 31, 2019  $413,770

2. Closing Journal Entries at October 31, 2019:

Debit Income Summary $368,270

Credit:

Salaries Expense                           $301,820

Depreciation Expense—Equipment 16,400

Rent Expense                                    13,700

Supplies Expense                               9,710

Utilities Expense                                8,780

Depreciation Expense—Buildings    5,850

Repairs Expense                               4,840

Insurance Expense                          2,650

Miscellaneous Expense                   4,520

To close the expenses accounts to the income summary.

Debit:

Service Fees   $421,010

Rent Revenue    4,450

Credit Income Summary $425,460

To close the revenue accounts to the income summary.

3. The amount of net income would have been $137,200.

Explanation:

a) Data and Calculations:

The Gorman Group

End-of-Period Spreadsheet

For the Year Ended October 31, 2019

Adjusted Trial Balance

Account Title                                           Dr.               Cr.

Cash                                                    $13,880

Accounts Receivable                           30,210

Supplies                                                 4,720

Prepaid Insurance                               10,200

Land                                                    89,000

Buildings                                           319,000

Accumulated Depreciation-Buildings             $103,900

Equipment                                       230,000

Accumulated Depreciation-Equipment            135,300

Accounts Payable                                               29,520

Salaries Payable                                                    2,930

Unearned Rent                                                       1,330

Nicole Gorman, Capital                                     378,780

Nicole Gorman, Drawing                  22,200

Service Fees                                                      421,010

Rent Revenue                                                      4,450

Salaries Expense                             301,820

Depreciation Expense—Equipment 16,400

Rent Expense                                    13,700

Supplies Expense                               9,710

Utilities Expense                                8,780

Depreciation Expense—Buildings    5,850

Repairs Expense                               4,840

Insurance Expense                          2,650

Miscellaneous Expense                   4,520

Totals                                          1,077,220 1,077,220

Amount of Nicole Gorman's Capital increased by $115,000:

Net income would have been $137,200 instead of $57,190.

Closing Nicole Gorman, Capital = $515,980

Less Drawings               22,200

        Beginning capital 378,780    400,980

Increase in capital =                       $115,000

4 0
2 years ago
When using the indirect approach to organize your negative news message, you should open with a(n) ________.
miskamm [114]

There are five different methods to begin a statement with unfavorable news, but the most appropriate one is to use a buffer statement.

<h3>What are the statements?</h3>

Statements are sentences that can either be true or untrue. As a result, a statement is a claim that something is true or false.

The Four Types of English Sentences:

  • the sentence that makes a message (a statement)
  • interrogative phrase (question)
  • the sentence that must be completed (command)
  • exclamatory phrase (exclamation)

As a result, in the following scenario, you should utilize the buffer statement to open any unfavorable news.

Learn more about the statement:

brainly.com/question/17238106

#SPJ1

3 0
2 years ago
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