Adjusting enteries

Adjusting enteries I have two entries I need help with. They are adjusting type entries. The first one is a. Assume that 1/2 of the rent expense, or $1,300, is a prepayment for January’s rent. The second one is “There was $1,500 of fees earned that bwas recorded incorrectly to revenue. It is for January […]

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The adjusted trial balance for Audio Concepts at December 31, 2011 is as follows

The adjusted trial balance for Audio Concepts at December 31, 2011 is as follows The adjusted trial balance for Audio Concepts at December 31, 2011 is as follows (amounts are presented at their normal balance): Cash 15,000 Accounts Receivable 7,000 Inventory 19,000 Supplies 4,000 Prepaid Insurance 6,000 Audio Equipment 190,000 Accumulated Depreciation Audio Equipment 29,000 […]

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advance accounting

advance accounting You work in a CPA firm. Your manager walks into your cubicle and says, “One of our clients is thinking about investing in a company. He wants to know how he should account for this investment. Be prepared to discuss it with the client tomorrow.” Write a memo to your manager giving your […]

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Archer Daniels Midland Company is considering

Archer Daniels Midland Company is considering Archer Daniels Midland Company is considering buying a new farm that it plans to operate for 10 years. The farm will require an initial investment of $11.90 million. This investment will consist of $2.10 million for land and $9.80 million for trucks and other equipment. The land, all trucks, […]

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What is your Country of Expertise (CE):

What is your Country of Expertise (CE): Please respond to this message with your country of expertise (CE)You will be using your CE often during this semester. Introduce your CE to the class by giving few paragraphs about your CE using the guidelines below. Your country of expertisecannot be the USA,Taiwan, nor Brazil. The CEdiscussion […]

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Article

Article 1. The Impact of Race on the Police Decision to Search during a Traffic Stop: A Focal Concerns Theory George E. Higgins, Gennaro F. Vito, & Elizabeth L. Grossi 2. The Effect of Suspect-Filler Similarity on Eyewitness Identification Decisions: A Meta-Analysis Ryan J. Fitzgerald, Heather L. Price, Chris Oriet, & Steve D. Charman 3. […]

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Applying Balanced Scorecard

Applying Balanced Scorecard In many cases, managers end up in trouble as they direct their focus exclusively on cost savings. Cost cutting is always emphasized, but other impacts, such as decreased quality, can be overlooked. These overlooked impacts can have a significant effect on the revenue and profitability of an organization. The balanced scorecard is […]

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Arrow Enterprises uses a standard costing system

Arrow Enterprises uses a standard costing system A. Arrow Enterprises uses a standard costing system. The standard cost sheet for product no. 549 follows. Direct materials: 4 units @ $6.50 $26.00 Direct labor: 8 hours @ $8.50 68 Variable factory overhead: 8 hours @ $7.00 56 Fixed factory overhead: 8 hours @ 2.5 20 Total […]

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