User Account

All Pages

Journalize the transaction required at December

Assignment Help Accounting Basics
Reference no: EM133061914

Question - On October 1, Cooking Fun Magazine collected cash of $60,000 on future annual subscriptions starting on November 1.

Required -

1. Journalize the transaction to record the collection of cash on October 1.

2. Journalize the transaction required at December 31, the company's year-end, assuming no revenue earned has been recorded.

Reference no: EM133061914

Questions Cloud

Based on the movie fort apache : Based on the movie "Fort Apache, The Bronx" as seen in class or any current article give examples of Skolnick's "Working Personality of a Police Officer"
Impact of financial distress costs : 1) Two firms X and Y are in the same line of business and have nearly identical "business risk." Firm Y has a Debt-to-Equity ratio of 1 and Firm X has a Debt-to
Broken windows theory : "Broken Windows Theory" has been criticized for encouraging discriminatory police practices such as unequal enforcement based on racial profiling.
Static tradeoff theory of capital structure : What does the static tradeoff theory of capital structure predict about changes in companies' use of debt? Explain
Journalize the transaction required at December : Journalize the transaction required at December 31, the company's year-end, assuming no revenue earned has been recorded
Systematic risk and non-systematic risk : It has been said that "the higher the risk you bear, the higher the return you gain". Then, why the investment fund manager says that we should focus only syste
Calculate price of treasury note with accrued interest : Assume that the Wall Street Journal lists that a $1,000 face value, 8 years to maturity Treasury note is selling for a 117:17. Treasury note ($1,000 principal)
What role do bonds play in operation of capital markets : The term 'capital markets' covers a lot of territory. In the context of a discussion of bond markets what role do bonds play in the operation of such capital ma
Explain the impacts on cryptocurrencies : Explain the impacts on Cryptocurrencies, given that new regulations, such' s taxes, will soon be imposed.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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