2 c. Prepaid Rent. On September
1 of the current year, the company prepaid $37.200 for two years of rent for facilities
being occupied that day. The company debited Prepaid Rent and credited Cash for $37,200.
DR or CR?
10.9
points
Prepaid Rent
37,200
Step 1: Determine what the current account balance equals.
37.200
Debit
37 200
eBook
$
37,200
Step 2: Determine what the current account balance should equal.
37200
Debit
Hint
Print
References
Credit
Step 3. Record the December 31, adjusting entry to get from step 1 to step 2.
Adjusting Entry
Debit
Rent Expense
37200
Prepaid Rent
37200

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?

Location test: question 1 of 54)water is a solvent because itoa. is made of moleculesob. dissolves many substancesc. is a saltd. has a large buffering capacity

Determining effects of stock splits oracle corp has had the following stock splits since its inception. effective date split amount october 12, 2000 2 for 1 january 18, 2000 2 for 1 february 26, 1999 3 for 2 august 15, 1997 3 for 2 april 16, 1996 3 for 2 february 22, 1995 3 for 2 november 8, 1993 2 for 1 june 16,1989 2 for 1 december 21, 1987 2 for 1 march 9, 1987 2 for 1 a. if the par value of oracle shares was originally $2, what would oracle corp. report as par value per share on its 2015 balance sheet? compute the revised par value after each stock split. round answers to three decimal places.