Ask question

Ask question

All categories

3 years ago

13

I suggest adding a report button on the profile page, this way you can report the person instead of a single post, yes, specific

ally on the bots

1 answer:

sweet [91]3 years ago

3 0

Answer:

I agree

Explanation:

You might be interested in

The Fine Art Museum, a not-for-profit entity, allocated expenses 80% to programs and 20% to general and administrative.

yuradex [85]

The preparation of the necessary journal entries for The Fine Art Museum is as follows:

<u>Journal Entries</u>:

a. Debit Cash $500,000

Credit Admissions Fees $500,000

To record the receipt of admissions fees in cash from visitors.

b. Debit Cash $250,000

Credit Admissions Fees $250,000

To record the receipt of special admissions fees for "Friends of the Museum."

c. Debit Salary Expense $250,000

Credit Salary Payable $60,000

Credit Cash $190,000

To record salary expense paid and payable.

d. Debit Operating Expenses $400,000

Credit Operating Expenses Payable $30,000

Credit Cash $370,000

To record operating expenses paid and payable.

Debit Supplies $50,000

Credit Operating Expenses $50,000

To transfer operating expenses to Supplies.

Debit Supplies Expense $30,000

Credit Supplies $30,000

To record supplies expense for the year.

e. Debit Pledges Receivable $200,000

Debit Cash $150,000

Credit Pledges Receivable $150,000

Credit Allowance for Uncollectible Pledges $30,000

To record pledges receivable and allowance for uncollectibles.

f. Debit Cash $600,000

Credit Sale of collections $600,000

To record the sale of wonderful collections from a will.

Data Analysis:

Allocation of Expenses:

Programs = 80%

General and Administrative = 20%

a. Cash $500,000 Admissions Fees $500,000

b. Cash $250,000 Admissions Fees $250,000 ($25 x 10,000)

c. Salary Expense $250,000 Salary Payable $60,000 Cash $190,000

d. Operating Expenses $400,000 Operating Expenses Payable $30,000 Cash $370,000

Supplies $50,000 Operating Expenses $50,000

Supplies Expense $30,000 Supplies $30,000

e. Pledges Receivable $200,000 Estimated Receivable Pledges $170,000

Uncollectible Pledges $30,000

Cash $150,000 Pledges Received $150,000

f. Cash $600,000 Sale of collections $600,000

Learn more: brainly.com/question/16781277

3 0

2 years ago

Wages are defined as ______. a) financial rewards based on the number of hours the employee works or the level of output achieve

Sidana [21]

After every service rendered, there is a payment for it. when it is hourly, it is termed wages, when it is monthly, then, it is called salary.

Wages are defined as ______. a) financial rewards based on the number of hours the employee works or the level of output achieved

<h3>Wages</h3>

Wages a payment usually of money for labor or services usually according to a contract and on an hourly, daily, or piecework basis.

Therefore, the it refers to rewards based on the number of hours the employee works or the level of output achieved.

learn more about wages: brainly.com/question/1622389

6 0

2 years ago

Adriana Graphic Design receives $1,500 from a client billed in a previous month for services provided. What general journal entr

mario62 [17]

Answer:

Dr Cash $1,500

Cr Account Receivable $1,500

Explanation:

Based on the information given we were told that Adriana receives the amount of $1,500 from a client that was billed in a previous month for services provided which therefore means that the appropriate general journal entries that Adriana Graphic Design will make to record this transaction is:

Dr Cash $1,500

Cr Account Receivable $1,500

4 0

3 years ago

Use Financial accounting in a sentence

nlexa [21]

Answer:

Explanation:

1. Accounting Theory Accounting theory is conventionally concerned with financial accounting, i.e. with accounting to external providers of finance.

2. Financial accounting information is classified into the categories of assets, liabilities, owner's equity, revenues, expenses, and net earnings (or net loss).

3. So in some course books of financial accounting, the ledger accounts Sales Returns and Allowances, Sales Discounts are called the off-set accounts of Sales Income.

4. For a long time financial accounting serves in keep and accounts.

5. Financial accounting the goal is expected accountant achieves goal or boundary.

6. The financial accounting report in the annual report must be audited by an accounting firm qualified to audit securities and futures business activities.

7. As a branch of financial accounting, accounting for income tax is different frow income tax accounting and it deals with the difference between accounting income and taxable income.

8. Cost measurement covers two different fields: financial accounting and managerial accounting.

9. Among the organizations, International Accounting Standard Committee and Financial Accounting Criterion Committee of U. S.

10. The article analyses the component parts of financial accounting report in detail.

11. The top U.S. accounting rulemaker, the U.S. Financial Accounting Standards Board, will discuss mark-to-market guidance at its board meeting on Monday, according to its website.

12. As contrasted with financial accounting, a managerial accounting information system provides both historical and estimated information that is relevant to the specific plans on more frequent basis.

13. Since the Financial Accounting Standards Board has specifically called for using the title statement of cash flows, title diversity virtually does not exist for this statement.

14. Financial accounting has the function of control.

15. Get the Financial Accounting Standards Board to make public companies disclose one number that's currently not required -- the amount of federal income tax they pay for a given year.

15. Sentencedict.com is a online sentence dictionary, on which you can find excellent sentences for a large number of words.

16. With his support and encouragement I took my first somewhat unsteady steps towards the production of a unit in financial accounting.

17. It is also important to note, at the outset, the distinction between financial accounting and management accounting.

18. Readers interested in further details may consult any standard financial accounting textbook.

19. The term generally accepted accounting principles is somewhat debatable in the field of financial accounting.

20. Under generally accepted accounting principles, companies may use straight-line or one of the accelerated methods of depreciation for financial accounting purposes.

21. What has particularly alarmed some corporations is that Jenkins now is chairman of the Financial Accounting Standards Board.

22. Subject matter includes international accounting, accounting education , information systems, financial accounting, managerial accounting, and legal topics.

23. The CNAO has taken the task of preparing The Interface Standard for Financial Accounting Software Data.

24. Business combinations have caused a series of problems to financial accounting, such as how to recognize the purchase cost, how to measure goodwill, and how to choose accounting methods and theories.

25. Article 4 No organization or individual may instigate, instruct or force an enterprise to compile and tender a financial accounting report which is false or conceals any important fact.

26. Asset measurement is one of the core issues of Financial Accounting, and it is also among the most controversial ones.

27. The company that issues new stocks or bonds in accordance with the law shall also publish its financial accounting report.

28. The paper analyzes the great influence of the intelligence economy on the three factors of financial accounting report.

29. Assist in investment and finance project, providing services and support of financial accounting, cost and sensibility analysis.

30. Securities and Investment is a freely elective course of the Financial Accounting Education specialty.

7 0

3 years ago

Which of the following statements is NOT true about lockout/tagout?

dlinn [17]

<span>Which of the following statements is NOT true about lockout/tagout?
D. Lockout/Tagout is to be used only in extreme cases of potential electrical hazard
D is not true because you would use a lockout/tagout when applying electricity in a way that could be dangerous. Due to being able to use it whenever it could be dangerous, it is used more than just in extreme cases.
</span>

3 0

3 years ago