Prepare adjusting journal entries, as needed, for the following items. (a) the supplies account shows a beginning balance of $500. the company purchases an additional $3,500 of office supplies for cash but a count of supplies reveals only $700 on hand at year-end. (b) the company purchases 12 months of insurance on july 1st for $24,000 by debiting prepaid insurance. it is now december 31st and 6 months of insurance has been used. record the necessary adjusting entry as of december 31st. (c) a company borrows $20,000 with 8% interest on october 1st, 2010. this amount plus interest is due on march 31st, 2011. record the adjusting entry on december 31, 2010. (d) at year-end, the company received a utility bill for december's electricity usage of $200 that will be paid in early january. (e) a company purchases new equipment for $24,000 cash on january 1st, 2010. the equipment is expected to have a $6,000 salvage at the end of it's 4 year useful life. record the adjusting entry for depreciation using straight-line as of december 31st, 2010

Write two goals for yourself that will aid you in pursuing your post-secondary education or training. with this

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work

Diamond motor car company produces some of the most luxurious and expensive cars in the world. typically, only a single dealership is authorized to sell its cars in certain major cities. in less populous areas, diamond authorizes a single dealer for an entire state or region. the manufacturer of diamond automobiles is using a(n) distribution strategy for its product.