Business, 05.03.2021 21:30 sandersmakaylaovq5vu

Flint Hill, Inc has prepared a trial balance of its general ledger as of December 31, 2021. Certain accounts in the trial balance do not reflect all activities which have occurred. Required:
Prepare journal entries, as required, the following items.

a. The supplies account shows a balance of $540, but a count of supplies reveals only $210 on hand.
b. Flint Hills charges all insurance premiums to expense. The trial balance shows a balance of $420 in insurance expense. A review of insurance polisies reveals that $125 of insurance is unexpired.
c. Salaries of $2,400 per week are paid each Friday. Flint Hills' year end falls on Tuesday.
d. Received a utility bill on January 10, 2014 for December electricity usage of $190.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 09:40

You plan to invest some money in a bank account. which of the following banks provides you with the highest effective rate of interest? hint: perhaps this problem requires some calculations. bank 1; 6.1% with annual compounding. bank 2; 6.0% with monthly compounding. bank 3; 6.0% with annual compounding. bank 4; 6.0% with quarterly compounding. bank 5; 6.0% with daily (365-day) compounding.

Answers: 3

Answer

Business, 22.06.2019 12:50

In june 2009, at the trough of the great recession, the bureau of labor statistics announced that of all adult americans, 140,196,000 were employed, 14,729,000 were unemployed and 80,729,000 were not in the labor force. use this information to calculate: a. the adult population b. the labor force c. the labor-force participation rate d. the unemployment rate

Answers: 3

Answer

Business, 22.06.2019 20:40

Owns a machine that can produce two specialized products. production time for product tlx is two units per hour and for product mtv is four units per hour. the machine’s capacity is 2,100 hours per year. both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,570 units of product tlx and 1,610 units of product mtv. selling prices and variable costs per unit to produce the products follow. product tlx product mtv selling price per unit $ 11.50 $ 6.90 variable costs per unit 3.45 4.14 determine the company's most profitable sales mix and the contribution margin that results from that sales mix.

Answers: 3

Answer

Business, 22.06.2019 22:10

Consider the labor market for computer programmers. during the late 1990s, the value of the marginal product of all computer programmers increased dramatically. holding all else equal, what effect did this process have on the labor market for computer programmers? the equilibrium wagea. increased, and the equilibrium quantity of labor decreased. b. decreased, and the equilibrium quantity of labor increased. c. increased, and the equilibrium quantity of labor increased. d. decreased, and the equilibrium quantity of labor decreased.

Answers: 3

Answer

You know the right answer?

Flint Hill, Inc has prepared a trial balance of its general ledger as of December 31, 2021. Certain...

Questions