Make December adjusting journal entries for Ortiz Company

Assignment Help Accounting Basics
Reference no: EM132725322

Problem - Make the December 31 adjusting journal entries for Ortiz Company. Data for the end of the year adjustments are as follows:

Factory overhead to be applied to work in process ending inventory $7,780

Interest receivable 435

Provision for uncollectible accounts 3,876

Office supplies consumed 750

Factory supplies consumed 4,160

Insurance expired on factory building and equipment 3,200

Depreciation on factory building 6,800

Depreciation on factory equipment 4,200

Reference no: EM132725322

Questions Cloud

How much should pacific record as amortization expense : On January 2, 2003, it was determined that this patent's useful life would expire at the end of 2006. How much should Pacific record as amortization expense
Compute the book value of the truck on the date of sale : Lexi Inc. owns and operates a delivery truck that originally cost $57,500. Compute the book value of the truck on the date of sale
What is the maximum contribution margin : The Cuthill Company manufactures two products: M1 and H1. What is the maximum contribution margin that can be achieved next year
Prepare closing journal entries for Armour Company : Prepare closing journal entries for Armour Company for the year ended December 31 - Factory overhead, debit and credit balance $186,250
Make December adjusting journal entries for Ortiz Company : Make the December 31 adjusting journal entries for Ortiz Company - Factory overhead to be applied to work in process ending inventory $7,780
Prepare December adjusting journal entries for Company : Estimate of uncollectible accounts, based on an aging of accounts receivable 2,370. Prepare the December 31 adjusting journal entries for Baldwin Company
Prepare a balance sheet as of December : The Income Statement and Balance Sheet columns of Braiden Company's work sheet are shown below. Prepare a balance sheet as of December
Describe which systems acquisition : Describe which systems acquisition approach is appropriate for the medical staff of the cardiac ward at your hospital.
Prepare closing journal entries for Koehn Company : Prepare closing journal entries for Koehn Company for the year ended December 31 - Factory overhead, debit and credit balances $199,200

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.

  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!

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