User Account

All Pages

What is the required adjusting entry at december

Assignment Help Financial Accounting
Reference no: EM132203915

SuMan Magazine Publishing Company sells magazine subscriptions on an annual basis covering 12 issues. Subscriptions totaling $36,000 were collected on June 1, 2012 and the total amount collected was recorded in a temporary account. The monthly magazines were delivered in June through December. What is the required adjusting entry at December 31, 2012?

Reference no: EM132203915

Questions Cloud

What should be the price of portage bay? stock : If Portage? Bay's equity cost of capital is 9% and it has 8 million shares? outstanding, what should be the price of Portage Bay? stock?
Consider the financial statement data : Consider the following financial statement data:
What is the net amount of cash received or provided : What is the net amount of cash received or provided by during 2012 for investing activities, financing activities, and operating activities?
What is the cost of goods sold : What is the Cost of Goods Sold and the Gross Margin under the FIFO and LIFO methods?
What is the required adjusting entry at december : The monthly magazines were delivered in June through December. What is the required adjusting entry at December 31, 2012?
Identify economic legal and regulatory forces and trends : Apply - Internal and External Environmental Analysis - Identify economic, legal, and regulatory forces and trends
Amount to be repaid to bondholders on the maturity date : What is the total amount of interest to be paid over the life of the bonds, the total amount of interest expense to be recognized on December 31, 2012
Double declining balance method : What is the amount of depreciation expense for 2012 and the book value of the equipment at the end of 2012 (after recording depreciation for 2012)
Dollar amount of dividends that will be distributed : During 2016, Alpha distributed $40,000 in dividends. Use this information to determine for the 2016 the dollar amount of dividends that will be distributed to:

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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