Business, 26.02.2020 01:45 cassandraaa

Information for year-end adjustments is as follows:(a) Office supplies on hand at year-end amounted to $100.(b) On January 1, 20--, Williams purchased office equipment that cost $18,000. It has an expected useful life of 10 years and no salvage value.(c) On July 1, 20--, Williams purchased computer equipment costing $6,000. It has an expected useful life of three years and no salvage value. Assume that Williams computes depreciation to the nearest full month.(d) On December 1, 20--, Williams paid a premium of $600 for a six-month insurance policy

Required:1. Prepare the work sheet for the year ended December 31, 20--.2. Prepare adjusting entries in a general journal.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 13:50

Time value an iowa state savings bond can be converted to $750 at maturity 5 years from purchase. if the state bonds are to be competitive with u.s. savings bonds, which pay 5% annual interest (compounded annually), at what price must the state sell its bonds? assume no cash payments on savings bonds prior to redemption. ignore taxes.

Answers: 3

Answer

Business, 22.06.2019 09:30

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.

Answers: 1

Answer

Business, 22.06.2019 16:30

En major recording acts are able to play at the stadium. if the average profit margin for a concert is $175,000, how much would the stadium clear for all of these events combined?

Answers: 3

Answer

Business, 23.06.2019 02:10

Which of the following best explains the purpose of a supply schedule? a. to calculate how much time it takes for distribution. b. to indicate how supply and demand relate to price. c. to show the relationship between quantity supplied and prices. d. to demonstrate how the supply decreases as price increases.

Answers: 1

Answer

You know the right answer?

Information for year-end adjustments is as follows:(a) Office supplies on hand at year-end amounted...

Questions