Fargo voice of fargo north dakota publishes a monthly

Assignment Help Financial Accounting
Reference no: EM13378195

Fargo Voice of Fargo, North Dakota, publishes a monthly magazine featuring local restaurant reviews and upcoming social, cultural, and sporting events. Subscribers pay for subscriptions either one year or two y ears in advance. Cash received from subscribers is credited to san account called Magazine Subscriptions Received in Advance. On December 31, 2009, the end of the company's fiscal year, the balance of this account is $840,000. Expiration of subscriptions revenue is as follows:

During 2009 ................$175,000

During 2010 ................ 415,000

During 2011 ................ 250,000

Prepare the adjusting entry in journal form for December 31, 2009.

Reference no: EM13378195

Questions Cloud

Blutarsky is throwing a party at his fraternity and is : blutarsky is throwing a party at his fraternity and is trying to choose how much beer and vodka to buy. a bottle of
Suppose that the equation for autonomous planned spending : suppose that the equation for autonomous planned spending ap is ap6200-200r and the value of the multiplierk is 2.5.a
Summarize an article using at least three economic terms : summarize an article using at least three economic terms and theories covered in class. identify the impact of the
Summarize an article using at least three economic terms : summarize an article using at least three economic terms and theories covered in class. identify the impact of the
Fargo voice of fargo north dakota publishes a monthly : fargo voice of fargo north dakota publishes a monthly magazine featuring local restaurant reviews and upcoming social
Suppose that in 1984 the total output in a single-good : suppose that in 1984 the total output in a single-good economy was 10000 buckets of chicken and the price of each
Saras income is 12 a week the price of popcorn is 3 a bag : saras income is 12 a week. the price of popcorn is 3 a bag and the price of a cola is 3 a can.a. what is saras real
Allocation and proration of overhead tamden inc prints : allocation and proration of overhead. tamden inc. prints custom marketing materials. the businesswas started january 1
Accounting for stock options intel granted stock options to : accounting for stock options. intel granted stock options to employees on december 31 2007 permitting them to purchase

Reviews

Write a Review

Financial Accounting Questions & Answers

  Multiple choice questions based on fundamentals of

multiple choice questions based on fundamentals of accounting.1.nbsppotential sources of financing to support an

  Determine the cost per unit of each

Identify which cost item above is fixed and variable and why and determine the cost per unit of each? what would be the total annual cost and unit cost of fixed and variable costs?

  Can the estate rescind the contract

When the estate refused to transfer the property to the buyers, they sued for specific performance. Can the estate rescind the contract?

  What possible adverse selection and moral hazard problems

Without further restrictions or incentives, what possible adverse selection and moral hazard problems can you envision with this proposal?

  Would this journal entry be recorded in general journal

The President informs you that Beverly's Building Products agrees to convert the $14,000 overdue accounts receivable (invoice No. 1119) balance to a 12% note due six months from today. Would this journal entry be recorded in the general journal or..

  Evaluate the degree of operating leverage for cellu

Evaluate the degree of operating leverage for CellU. and evaluate the degree of financial leverage for CellU and determine the degree of total leverage for CellU.

  Determine the depreciation expense

Evaluate the depreciation expense for year under straight-line depreciation and the Allowance for Doubtful Accounts is necessary.

  For each of the following 1000-par-value bond assuming

for each of the following 1000-par-value bond assuming annual interest payment and a 40 tax rate calculate the

  Compute the margin of safety

Compute the margin of safety and explain the meaning of the number derived and should the company go ahead with the new product?

  Explain how would this amount be reported in the company

Without regard to your answer in (2) above, assume manufacturing overhead was underapplied in December. Explain how would this amount be reported in the company's financial statements at December 31?

  What will the customer be charged

Indirect costs are charged as follows: $8.00 per order placed; $4.00 per separate item ordered; $30.00 per return. A customer places 10 orders with a total direct cost of $3,000, orders 300 separate items, and makes 5 returns. What will the cu..

  What effect would purchase of the new machine

Mueller can buy a newer production machine that will increase fixed costs by $8,000 per year, but will decrease variable costs by $0.40 per unit. What effect would purchase of the new machine have on Mueller's break-even point in units?

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