Moss county bank agrees to lend the sadowski brick company

Assignment Help Accounting Basics
Reference no: EM13598744

Moss County Bank agrees to lend the Sadowski Brick Company $200,000 on January 1. Sadowski Brick Company signs a $200,000, 6%, 9-month note. What is the adjusting entry required if Sadowski Brick Company prepares financial statements on June 30?

Reference no: EM13598744

Questions Cloud

In addition jose incurred the following expenses before : jose purchased a delivery van for his business through an online auction. his winning bid for the van was 37500. in
What would be bobs basis in the warehouse and in the land : wanting to finalize a sale before year-end on december 29 wr outfitters sold to bob a warehouse and the land for
The company has 500 daks on hand that have some : andretti company has a single product called a dak. the company normally produces and sells 78000 daks each year at a
Mattel and hasbro are two of the largest and most : mattel and hasbro are two of the largest and most successful toy makers in the worldin terms of the products they sell
Moss county bank agrees to lend the sadowski brick company : moss county bank agrees to lend the sadowski brick company 200000 on january 1. sadowski brick company signs a 200000 6
A company is considering the purchase of a new machine for : a company is considering the purchase of a new machine for 48000. management predicts that the machine can produce
Guess company reports 648500 of net income for 2011 and : guess company reports 648500 of net income for 2011 and declares 102500 of cash dividends on its preferred stock for
Wolford company borrowed 750000 from us bank on january 1 : wolford company borrowed 750000 from u.s. bank on january 1 2009 in order to expand its mining capabilities. the
The company purchases 42 of its merchandise in the month : capid corporation is a wholesaler of industrial goods. data regarding the stores operations follow bull sales are

Reviews

Write a Review

Accounting Basics Questions & Answers

  Purposes of analytical procedures

There are four important purposes of analytical procedures. Identify one of these four purposes and give a specific example of an analytical procedure that an auditor might perform.

  Unethical practices and behavior in accounting

Identify situations that might lead to unethical practices and behavior in accounting. Do you think the Sarbanes-Oxley Act has made a difference in the ethical behavior of companies regarding their financial accounting? Why or why not?

  What is total stockholders equity

The following table lists the stockholders equity accounts appearing on the balance sheet of a corporation on Dec. 31, 2008. Answer the questions below the table.

  What does the term last-in in the lifo method mean

Does the term last-in in the LIFO method mean that the items in the inventory are assumed to be the most recent (last) acquisitions? Explain.

  A total of 18000 units of this part are produced and used

an avoidable cost is a cost that can be eliminated as a result of choosing one alternative over another.a trueb false2.

  New wave co sold 10000 annual subscription of game life 75

new wave co sold 10000 annual subscription of game life 75 during december 2012.the new subscribers will receive

  Hamblin co elects to use the percentage-of-sales basis in

hamblin co. elects to use the percentage-of-sales basis in 2014 to record bad debts expense. it estimates that 2 of net

  The ctl company has two divisions electronics and dvdvideo

the ctl company has two divisions electronics and dvdvideo sales. electronics has traceable fixed expenses of 146280

  Government departments should take audit report seriously

government departments should take audit report seriously by preparing annual financial statement on timebased on the

  Record the sale and related collection

On January 6, Arneson Co. sells merchandise on account to Cortez Inc. for $9,000 terms 2/10, n/30. On January 16, Cortez Inc. pays the amount due. Prepare the entries on Arneson's books to record the sale and related collection.

  A few years ago the acme manufacturing company installed

a few years ago the acme manufacturing company installed automated robots worth millions of dollars in its furniture

  Inventory substantive testing

Inventory substantive testing

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