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1 1 points Save Arwe On January 1, Al Dana Company received $2,560 from Capital, Inc for 24-month subscription to Arab magazine. The company credited
1 1 points Save Arwe On January 1, Al Dana Company received $2,560 from Capital, Inc for 24-month subscription to Arab magazine. The company credited Uneamed Fees for the amount received and the subscriptions started immediately Assuming adjustments are only made at year-end, what is the adjusting entry that should be recorded by Al Dans Company on December 31 for the first year? O debit Unearned fees, $1,280, credit Fees earned, $1,280 Odebit Unearned fees, $2,560, credit Fees eamed, $2.500 O debit Fees eamed, $1,820, credit Cash, $1,820 1 O debit Unearned foes, $107, credit Account receivable, $107 Question 2 1 points Save A Rana Company prepaid insurance account is $8,950 before adjustment, and the unexpired amount per analysis of policies is $4,360 What is the proper adjusting entry at December 31, ther end of the accounting period? O Debit Account payable, $3,250, credit Insurance expense, $3,250 O Debit Insurance Expense, $4,500, credit Prepaid insurance, $4,500 O Debit Prepaid Insurance, $4,300, credit Insurance expense, $4,300 O Debit Cash, 5,050, Crodt Prepaid Insurance, $0,960 Question 3 The adjusting entry at the end of an accounting period to record the unpaid salaries of employees for work provided will include: O Debit Salaries Revenue O Debit Salaries Receivable Credit Salaries Expense O Credit Salaries Payable Question 4 1 points See Ame A company pays its employees $1,000 each Friday, which amounts to $200 per day for the five-day workweek that begins on Monday if the monthly accounting period ends on Thursday and the employees worked through Thursday, the amount of salaries earned but unpaid at the end of the accounting period is O $1,000 O $800 O 5000 O $1,200 Question 5 1 points Save a A company had $230 office supplies available at the beginning of the year. During the year, the company purchased $370 worth of office supplies. On December 31, $185 worth of office supplies remained. How much should the company report as office supplies expense for the year? O $75 O $190 O $415 $450
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