How much more or less expense was booked

Assignment Help Managerial Accounting
Reference no: EM13940503

DAN had $2000 beginning balance in utilities payable. He had an ending balance of $4000. Over the course of the period ABC received a bill for utilities for $5000. How much cash did they pay for utilities over the course of the period?

a. What journal entries did they book to go from the beginning balance to the ending balance?

b. How much more or less expense was booked under the accrual basis than the cash basis?

Reference no: EM13940503

Questions Cloud

The ramon company manufactures a wide range : The Ramon Company manufactures a wide range of products at several different plant locations. The Franklin plant, which manufactures electrical components, has been experiencing some difficulties with fluctuating monthly overhead costs.
Explain what is meant by the term operating leverage : Explain what is meant by the term operating leverage. What impact does increased leverage have on risk? How can sensitivity analysis be used in conjunction with CVP analysis?
Sketch the shear force and bending moment diagrams : Sketch the shear force and bending moment diagrams for the simply supported beams and cantilevers shown in Figures 1.87-1.91 . Indicate the magnitude and nature of the maximum shear force and bending moment and the positions where they occur.
Why was criminal justice not regarded as system in the past : Who played the greatest role in creating our new discipline, profession, and science of criminal justice: the courts? Congress? The administration? The universities? Explain your answer.
How much more or less expense was booked : What journal entries did they book to go from the beginning balance to the ending balance? How much more or less expense was booked under the accrual basis than the cash basis?
Understanding of ethical theory : Discuss whether you might do anything differently now that you have an understanding of ethical theory.
What is an example of a drug syndicate : What is an example of a drug syndicate? Which events led to the association of organized crime, prohibition and drug syndicates? What changes would you make to prevent this?
Compute the cost formula for moving materials : Compute the cost formula for moving materials by using the high-low method. Calculate the predicted cost for a month with 550 moves by using the high-low formula.
What are triangle bases in the assets it receives : What are Triangle's bases in the assets it receives and Tyron's and Anna's new bases in their Triangle stock?

Reviews

Write a Review

 

Managerial Accounting Questions & Answers

  Prepare a cash budget for the period october to december

Prepare a cash budget for the period October to December 2009, indicating the extent of the bank facilities the company will require at the end of each month:

  Should the company purchase the ship

Focusing on a 10 percent required rate of return, what would be the opportunity cost to the company of using the ship in the Caribbean/Eastern Canada itinerary rather than a Caribbean/Alaska itinerary?

  Cost allocation-master budgeting-capital decisions

There're four primary techniques of examining capital decisions - two are discounting techniques and two aren't. Please pick one of them, describe the method and the pros and cons.

  Questions 1 explain how activity cost drivers affect cost

questions 1. explain how activity cost drivers affect cost behavior.2.show how changes in cost driver levels affect

  What would have been the spending variance for dye costs

In the company's flexible budget performance report for last month, what would have been the spending variance for dye costs?

  Control mechanisms impact

Explain how control mechanisms impact the four functions of management at Walgreens.

  Evaluate the cost per equivalent unit for direct materials

Compute the cost per equivalent unit for direct materials and for conversion costs using the FIFO method - Compute Costs per Equivalent Unit: FIFO Method

  Calculate the net present value of the software project

Megatech, a computer software developer, is considering a software development project that requires an initial investment of $200,000. Calculate the net present value of this project.

  Project costs are related to procurement

Whena significant percentage of project costs are related to procurement,

  What is the unit product cost for the month under absorption

Maga Company, which has only one product, has provided the following data concerning its most recent month of operations.

  Mountain industries operates a manufacturing division

Mountain Industries operates a Manufacturing Division and an Assembly Division. Both divisions are evaluated as profit centers.

  Prepare management accounting information

Prepare and hand in a Project Proposal that includes the nature of the project, the sources of information you plan to use, and the most important concepts and techniques to be applied.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd