User Account

All Pages

How much would be the january amount recorded to expense

Assignment Help Accounting Basics
Reference no: EM132093494

Question - On January 1, DogMart Company purchased a two-year liability insurance policy for $32400 cash. The purchase was recorded to Prepaid Insurance. How much would be the January 31 amount recorded to expense (use two decimals).

Reference no: EM132093494

Questions Cloud

What is the amount of gross profit : During the current year, merchandise is sold for $60000 cash and for $291000 on account. What is the amount of gross profit
Investment and consumption decisions : What is the role of interest rates when firms make investment and consumption decisions? Please explain
Labor disputes has shifted to favor management : "It appears that the balance in labor - management relations during labor disputes has shifted to favor management."
What should be bavarian sausage stock price : If the company has 3,500,000 shares outstanding, what should be Bavarian Sausage's stock price?
How much would be the january amount recorded to expense : The purchase was recorded to Prepaid Insurance. How much would be the January 31 amount recorded to expense (use two decimals)
Do you know anyone who needs relationship counseling : Write a two full page paper after reading chapter 2 & 3 of Boundaries in Marriage. Discuss the "Ten Laws of Boundaries in Marriage" and how to set "Boundaries.
Discuss meaningful use and interoperability : Discuss Meaningful Use and interoperability. How does flexiable leadership approach produce good results?
What rights would you grant to an inmate : As an administrator of a penal institution, what rights would you grant to an inmate with regard to his or her religious preference?
Compute the crosses total itemized deductions : The Crosses AGI for 2012 is $216,952. Compute the Crosses total itemized deductions and prepare their schedule A

Reviews

Write a Review

Accounting Basics Questions & Answers

  During periods when costs are rising and inventory

during periods when costs are rising and inventory quantities are stable cost of goods sold will bea. higher under fifo

  What total amount of bond interest expense will be recognize

The straight-line method is used to allocate interest expense. What total amount of bond interest expense will be recognized over the life of these bonds

  Which method do you think is the most representative of

assume the colorado avalanche purchased new zamboni machine to scrape the ice off the rink between periods. the zamboni

  What is currently impacting the statement of cash flows

Transition to the Statement of Cash Flows. Are there any major signs you can think of that show what is currently impacting the statement of Cash Flows?

  Kent company had 800 units of product in its assembly

kent company had 800 units of product in its assembly departments work in process inventory at the beginning of the

  Total assets at the beginning of the year were 13183 what

x company a merchandising company had the following transactions during the year1 received 8175 in cash contributions

  Why is the second date earlier

When will the investment be worth $1.2M at 12% interest compounded annually? Why is the second date earlier

  How will the retained earnings account be affected by each

1.which of the following would not be classified as inventory?a. raw materialsb. office suppliesc. finished goodsd.

  Shamess expects to have taxable income in 2011

(Two Differences, One Rate, Beginning Deferred Balance, Compute Pretax Financial Income) Shamess Co. establishes a $90 million liability at the end of 2010 for the estimated litigation settlement for manufacturing defects.

  Are you familiar with a flexible budget

ACC400- are you familiar with a flexible budget? What are some advantages to using a flexible budget? What might be some disadvantages of flexible budgets?

  Identify a multinational company from the securities

Identify a multinational company from the Securities and Exchange Commission (SEC) EDGAR Web site that has inventory in their books.

  Discuss critical thinking skills

Demonstrate graduate level work including appropriate research and critical thinking skills

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