Reference no: EM131145823
Pamela Quinn started her own consulting firm, Quinn Consulting, on May 1, 2012. The trial balance at May 31 is as shown below.
In addition to those accounts listed on the trial balance, the chart of accounts for Quinn Consulting also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense.
Other data:
1. $750 of supplies have been used during the month.
2. Utility costs incurred but not paid are $260.
3. The insurance policy is for 2 years.
4. $1,500 of the balance in the Unearned Service Revenue account remains unearned at the end of the month.
5. Assume May 31 is a Thursday and employees are paid on Fridays. Quinn Consulting has two employees that are paid $600 each for a 5-day work week.
6. The equipment has a 5-year life with no salvage value and is being depreciated at $200 per month for 60 months.
7. Invoices representing $1,980 of services performed during the month have not been recorded as of May 31.
Instructions
(a) Prepare the adjusting entries for the month of May.
(b) Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances. Use T accounts.
(c) Prepare an adjusted trial balance at May 31,2012.
Using hofstede conceptualizations of culture described
: Using Hofstede’s conceptualizations of culture described in your textbook, discuss an example of a “cultural conflict” you have observed or read about.
|
The typical dynamics of unemployment over a recession
: Explain the pattern of the unemployment rate after a recession if discouraged workers return to the labor force as the economy recovers.
|
Submit the name of the country and its geographic location
: Submit the name of the country and it's geographic location; basic socio-demographic information, such as population, major ethnic groups, religions, age distribution, educational attainment, etc.
|
Explain why you agree or disagree with your results
: Explain why you agree or disagree with your results. Develop strategies to advance your career using your strengths. How can you use goal-setting to increase motivation and improve job performance
|
Pamela quinn started her own consulting firm
: Pamela Quinn started her own consulting firm, Quinn Consulting, on May 1, 2012. The trial balance at May 31 is as shown below.
|
Determine the holding period return
: Hoe many alternative investments does Hector have if he wants to invest in RPP for no more than 6 month? What is he has a 2 - year investment horizon?
|
What is your dependent variable
: Give an example of a situation related to your current job (or the job you would like to have after graduation) in which you would use a one-way ANOVA. What is your independent variable? What are the levels of that variable? What is your dependent v..
|
Compare the perfectly competitive outcome with the monopoly
: By assuming that the monopolist is a profit-maximizer, indicate on the graph total revenue, total cost, and total profit after the consolidation.
|
Identify the first step in the student guide to research
: Read the article titled, "As drug industry's influence over research grows, Identify the first step in the student's guide to research. Define the first step of research in your own words
|