Reference no: EM131219864
During the course of your examination of the financial statements of Trojan Corporation for the year ended December 31, 2018, you come across several items needing further consideration. Currently, net income is $100,000.
A. An insurance policy covering 12 months was purchased on October 1, 2018 for $24,000. The entire amount was debited to Prepaid Insurance and no adjusting entry was made for this item in 2018.
B. During 2018, the company received a $4,000 cash advance from a customer for services to be performed in 2019. The $4,000 was incorrectly credited to Service Revenue.
C. There were no supplies listed in the balance sheet under assets. However, you discover that supplies costing $2,750 were on hand at December 31, 2018.
D. Trojan borrowed $70,000 from a local bank on September 1, 2018. Principal & interest at 9% will be paid on August 31, 2019. No accrual was made for interest in 2018.
Using the information in A through D above, determine the proper amount of net income as of December 31, 2018.
|
Court order order for several paychecks
: After complying with the court order order for several paychecks, the company receives another court order to stop paying the garnishment (it turns out the employee was not notified of the proceedings that lead to a money judgment against him).
|
|
Identify an element of the hernandez family case
: Identify an element of the Hernandez family's case that may influence the way Juan and Elena Hernandez address their issue with the social worker. Explain how the genogram you created might help you address the needs of the Hernandez family.
|
|
Explain how views can be used to improve data security
: Describe how views are used to provide an alias for tables. Why is this useful?
|
|
Short persuasive speech
: First, you want to write a short persuasive speech, just two pages long, using any one of the following five speech types: (1) stimulate, (2) convince, (3) call to action, (4) increase consideration,
|
|
The entire amount was debited to prepaid insurance
: During the course of your examination of the financial statements of Trojan Corporation for the year ended December 31, 2018, you come across several items needing further consideration. Currently, net income is $100,000. An insurance policy covering..
|
|
Candidates through employee referral method
: Is it a good policy to pick up candidates through employee referral method? Why? Or why not? Explain keeping the course in background.
|
|
Plot oil nusselt number with respect to oil graetz number
: Discuss the energy balance, Q.oil - Q.water, vis-a-vis the experimental condition and Plot the oil-to-tube and oil-to-water heat transfer coefficients with respect to the mean oil velocity. Explain the observed relationship between the heat transfe..
|
|
Pharmaceutical company astra zeneca
: Rewrite the given document.-Case is based on pharmaceutical company Astra Zeneca.- AstraZeneca is active worldwide and employs over 65,000 people in over 100 countries and is the second largest pharmaceutical company in the United Kingdom.
|
|
What were the results or findings of the research
: What is the social problem the researchers are investigating? What is the research method (i.e.: survey, participant observation, experiment, secondary sources) used by the researchers?
|