Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Hakik Enterprises offers rug cleaning services to business clients. Below is the trial balance for Hakik Enterprises, which was prepared on the end of period spreadsheet (work sheet) for the year ended July 31, 2010.
Hakik EnterprisesEnd of Period Spreadsheet (Work Sheet)For the Year Ended July 31, 2010
Trial Balance
Adjustments
Adjusted Trial Balance
Debit
Credit
Cash
36
Prepaid Insurance
12
Fees Receivable
56
Supplies
Equipment
60
Accum. Depreciation
Unearned Revenue
20
Accounts Payable
32
Wages Payable
Ramon Hakik, Capital
84
Ramon Hakik, Drawings
4
Service Revenue
80
Advertising Expense
28
Wage Expense
Insurance Expense
Supplies Expense
Depreciation Expense
Totals
228
REQUIRED: Enter the adjustment data in the work sheet for the transactions shown below and place the balances in the Adjusted Trial Balance columns.a) The equipment is estimated to last for 5 years with no salvage value. The asset will be depreciated evenly over its useful life. Record one months depreciation.b) Accrued Wages $2.c) Unused supplies on hand $8.d) Of the unearned revenue, 75% has been earned.e) Unexpired insurance remaining at the end of the month, $9.
Company policy is to have enough material on hand at the end of each month to meet 30% of the following month's production needs.
Discuss the pros and cons of the U.S. Federal Government guaranteeing the pension funds of a private company when it declares bankruptcy. Discuss whether the U.S. Federal Government should guarantee and state your rationale.
You may not use firms that do not file 10-K financial statements such as certain foreign firms that use IFRS. You must use firms that file in accordance with U.S. GAAP.
Purpose the journal entries that Big made through the year because of its investment in Little, you must use the same technique as you did in part a
1- the write -off inventory due to obsolence.2- discovery that depreciation expenses were omitted by accident from
on january 2 2011 the wilcox studios leased six computers for use in the engineering department. the lease period is
The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, thus, can be ignored.
A television set sells for $1,000 U.S. dollars. In the spot market, $1 = 110 Japanese yen. If purchasing power parity holds, what should be the price (in yen) of the same television set in Japan?
multiple choice questions related to transaction analysis.choose the correct answer from the given option.1.nbspjoes
budgeted income statementnbsp static and flexible budgeted income statement variable costing variance
You should also tell her the PUC and ACB of the Class A preferred shares and the common shares that she has received and deal with the tax consequences on the eventual redemption of the 3,500 Class A preferred shares.
This step in the audit process seeks to ascertain that control policies and procedures are operating effectively. What specific tests of controls might auditor have performed in evaluating this payroll system?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd