19. Which part of the lease gives the landlord the right to remove the tenants

Western Sound Studios records and masters audio tapes of popular artists in live concerts. The performers use the tapes to prepa

Talja [164]

Answer:

the journal entries for the unrecorded transactions are:

a. Taping services in the amount of $994,000 were billed.

Dr Accounts receivable 994,000

Cr Service revenue 994,000

b. The accounts receivable at the beginning of the year were collected.

Dr Cash 384,000

Cr Accounts receivable 384,000

c. In addition, cash for $983,000 of the services billed in transaction a was collected.

Dr Cash 983,000

Cr Accounts receivable 983,000

d. The rent payable for the building was paid. In addition, $48,000 of building rental costs was paid in cash. There was no rent payable or prepaid at year-end.

Dr Rent expense 48,000

Dr Rent payable 10,000

Cr Cash 58,000

e. The equipment rent payable on January 1 was paid. In addition, $84,000 of equipment rental costs was paid in cash. There was no rent payable or prepaid at year-end.

there is no equipment rent payable

Dr Equipment rent expense 84,000

Cr Cash 84,000

f. Utilities expense of $56,000 was incurred and paid in 2009.

Dr utilities expense 56,000

Cr Cash 56,000

g. Salaries expense for the year was $702,000. All $702,000 was paid in 2009.

Dr Salaries expense 702,000

Cr Cash 702,000

h. The interest payable at January 1 was paid. During the year, an additional $11,000 of interest was paid. At year-end no interest was payable.

Dr Interest expense 11,000

Dr Interest payable 100,000

Cr Cash 111,000

i. Income taxes for 2009 in the amount of $19,700 were incurred and paid.

Dr Taxes expense 19,700

Cr Cash 19,700

3 0

3 years ago

To encourage customers to open a mail offering them a subscription to home companion, a home furnishings magazine, the front of

Ad libitum [116K]

To encourage customers to open a mail offering them a subscription to home companion, a home furnishings magazine, the front of the envelope suggested that there was a gift inside. The envelope contained an attractively laminated bookmark. This is an example of combining direct marketing with support media.

Support media is media or items that is included to promote products or services. In this case, the laminated bookmark is an example of support media because it is being put in the envelopes to promote the product. They are grabbing their customers attention by "gifting" them with a promotional item.

4 0

3 years ago

A company paid $150,000, plus a 6% commission and $4,000 in closing costs for a property. The property included land appraised a

Oxana [17]

Answer:

Land $81,500; Land Improvements $32,600; Building $48,900

Explanation:

Calculation for What should be the allocation of this property's costs in the company's accounting records

First step is to calculate the total value

Total value= $87,500 + $35,000 + $52,500

Total value= $175,000

Second step

Land appraised = $87,500 ÷ $175,000

Land appraised= 0.50

Land improvement = $35,000 ÷ $175,000

Land improvement = 0.20

Building appraised = $52,500 ÷ $175,000

Building appraised = 0.30

Third step is to calculate the Total Amount

Total Amount= $150,000 + $150,000 × 0.06 + $4,000

Total Amount= $150,000 + $9,000 + $4,000

Total Amount= $163,000

Last step is to calculate the allocation of this property's costs in the company's accounting records

Land appraised = $163,000 × 50%

Land appraised = = $81,500

Land improvement = $163,000 × 20%

Land improvement= $32,600

Building appraised = $163,000 × 30%

Building appraised = $48,900

Therefore What should be the allocation of this property's costs in the company's accounting records is :

Land $81,500; Land Improvements $32,600; Building $48,900

4 0

3 years ago

If you use your ATM card, you should write the transaction in your check register.

lozanna [386]

True hope I help u out

3 0

3 years ago

Read 2 more answers

If markets are in equilibrium, which of the following conditions will exist? A. Each stock's expected return should equal its re

xxMikexx [17]

Answer:

A

Explanation:

Remember, in economics the term equilibrium implies that this terms

price and,
quantity demanded

are all equal or in a state of stability.

Therefore, the stock in such an equilibrium market would yield it expected returns since there are no external factors such as increase in price that could affect the value.

8 0

3 years ago