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3 years ago

The trial balance for Pioneer Advertising Inc. is shown below.

Business

1 answer:

Vladimir79 [104]3 years ago

7 0

Answer:

Adjusting Entries

October 31, 2017

Supplies expense Dr $1600 ($2300-$700)

Supplies Cr $1600

October 31, 2017

Insurance expense Dr $300

Prepaid insurance Cr $300

October 31, 2017

Depreciation expense Dr $80

Accumulated depreciation Cr $80

October 31, 2017

Unearned Service Revenue Dr $600

Service Revenue Cr $600

October 31, 2017

Accounts Receivable Dr $300

Service Revenue Cr $300

October 31, 2017

Interest Expense Dr $90

Interest payable Cr $90

October 31, 2017

Salaries and Wages Expense Dr $1200

Salaries and Wages Payable Cr $1200

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Answer:

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3 years ago

A company desires to sell a sufficient quantity of products to earn a profit of $400,000. If the unit sales price is $20, unit v

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Answer:

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Units must be sold to earn net income of $400,000 =

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3 years ago

Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory syste

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Answer:

The journal entries are recorded below;

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3 years ago

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Instruments had retained earnings of $ 390 comma 000 at December 31, 2017. Net income for 2018 totaled $ 220 comma 000, and di

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Answer:

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In this question, we apply the retained earnings equation which is shown below:

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3 years ago