Reference no: EM132817618
Question - The Dunbar Zoo operates a drive-through tourist attraction in Hamilton. The selected accounts appearing below reflect balances on January 1, 2017.
-Prepaid Rent (expires on Nov 30, 2017): 11,000
-Prepaid Insurance (expires on Sep 30, 2017): 9,000
-Car: 30,000
-Accumulated Amortization - Car: 2,000
-Unearned Ticket Revenue: 15,000
Other Data
-On December 1, 2017 the Zoo renewed the rent contract for another year for $18,000 to be paid in three installments. The first installment is due on April 1, 2018.
-On October 1, 2017, the Zoo renewed the insurance policy for six months and paid $6,000. The full amount was recorded as an expense.
-The unearned ticket revenue represents tickets sold in advance for future zoo visits. During 2002, additional $12,000 of tickets were sold in advance and were recorded as revenue earned. On December 31, 2017, it was determined that $4,000 of the tickets sold in advance were not used by customers.
-A utility bill for $2,000 was received on December 31, 2017 for the amount of utility used up during November and December 2017. The bill is due on January 15, 2018.
-On December 1, 2017, the Zoo signed a contract with the Mifflin Food to supply food for the animals for an amount of $500 per month, effective January 1, 2018. The Zoo paid $4,000 in advance and recorded it as an asset.
Required - Prepare the adjusting entries that were made by the Dunbar Zoo on December 31, 2017. If no adjusting entry is required, please type "NO ENTRY" in the appropriate space.
|
Explain what desirable properties will occur
: Explain what desirable properties will occur if the first 6 ordinary least squares classical assumptions hold. If you use any technical terms, explain what they
|
|
What is the present value of a ordinary annuity
: What is the present value of a 6-year ordinary annuity of $3,000 per year plus an additional $1,250 at the end of Year 6 if the interest rate is 4%
|
|
Describe special handling practices for workers
: Describe special handling practices for workers' compensation cases. Explain how managed care applies to workers' compensation coverage.
|
|
How much is initial cost of equipment for bawdy indecent co
: How much is initial cost of the equipment? BAWDY INDECENT Co. acquired an oil rig for ?400,000,000. Installation and other necessary costs in bringing equipment
|
|
Prepare the adjusting entries that were made by Dunbar Zoo
: Prepaid Insurance (expires on Sep 30, 2017): 9,000. Prepare the adjusting entries that were made by the Dunbar Zoo on December 31, 2017
|
|
What responsibility does society have
: What responsibility does society have? What responsibility do technology firms have?
|
|
Are there other frameworks mentioned has been discussed
: Are there other frameworks mentioned has been discussed in the article that might be more effective? Has any other research you uncover suggest there.
|
|
Why is batna important
: 1. Why is BATNA important? 2. What are the five common paradoxes that negotiators face? Which one seems the most difficult to manage?
|
|
How much is the cost of the land for loath hate co
: How much is the cost of the land? LOATH HATE Co. purchased a lot for ?8,000,000. Immediately after the purchase, LOATH started construction
|