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Hi, please help me with attached homework, there are 10 question. Which of these transactions would produce $10,000 of revenue in December? (check all that

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Hi, please help me with attached homework, there are 10 question.

image text in transcribed Which of these transactions would produce $10,000 of revenue in December? (check all that apply) BOC Realty leases space to a tenant for December and sends a bill for the $10,000 rent to be paid in January. BOC Realty leases space to a tenant for December and the tenant pays the $10,000 rent in cash in December. BOC Bank receives a check for $10,000 in December for November's interest amount. BOC Realty leases space to a tenant for December and January. The tenant pre-paid the $20,000 rent for the two months in November. BOC Bank is owed $10,000 of interest on a loan for December and receives the payment in January. 2. Which of these transactions would produce $10,000 of expenses in December? (check all that apply) BOC pays $10,000 in cash dividends in December. BOC hires a new COO in December to start work in January. The COO will be paid $10,000 per month. BOC pays its auditor $12,000 in December for all of the work the auditor performed during the year. BOC receives a $10,000 invoice from its lawyers for services performed in December. The bill is due in January. BOC pays its advertising agency $10,000 in December for ads that ran in December. 3. Which journal entry reflects the following transaction?: BOC receives $2,000 cash from a customer, of which $1,000 was for goods delivered now and $1,000 was a deposit on custom goods that will be delivered next month. Dr. Cash 2,000 Cr. Inventory 2,000 Dr. Revenue 2,000 Cr. Cash Dr. Cash 2,000 2,000 Cr. Revenue Dr. Cash 2,000 2,000 Cr. Advances from Customers Dr. Cash 2,000 2,000 Cr. Revenue 1,000 Cr. Advances from Customers 1,000 4. Which journal entry(s) reflects the following transaction?: BOC received $10,000 of cash from a customer who took delivery of goods that originally cost BOC $8,000 to acquire. Dr. Cash 10,000 Cr. Revenue 10,000 Dr. Cost of Goods Sold 8,000 Cr. Inventory Dr. Cash Cr. Inventory 8,000 10,000 10,000 Dr. Cash 10,000 Cr. Inventory 8,000 Cr. Revenue 2,000 Dr. Cash 10,000 Cr. Revenue 10,000 Dr. Accounts Payable 8,000 Cr. Inventory Dr. Cash Cr. Revenue 8,000 10,000 10,000 5. How much quarterly depreciation expense would be recognized for a building that originally cost $100,000 and has an estimated useful life of 10 years with a $20,000 salvage value? $2,000 $10,000 $8,000 $2,500 $1,000 6. Which journal entry reflects the adjusting entry needed on December 31?: It is December 31, the end of the fiscal year. During December, employees earned $800,000 in salaries, but paychecks do not get issued until January 2. Dr. Cash 800,000 Cr. Salaries Payable Dr. Salary Expense 800,000 800,000 Cr. Salaries Payable Dr. Salaries Payable 800,000 800,000 Cr. Cash Dr. Salary Expense 800,000 800,000 Cr. Cash 800,000 No entry is needed. 7. Which journal entry reflects the adjusting entry needed on December 31?: Last year, BOC purchased software for $10,000. The expected life of the software is 2 years and it has no expected salvage value. Now, it is December 31, the end of the fiscal year. No other entries were recorded for this software during the year. Dr. Software Amortization Expense Cr. Software Revenue Dr. Software Amortization Expense 5,000 5,000 5,000 Cr. Software Dr. Software Amortization Expense Cr. Cash No entry needed. 5,000 5,000 5,000 Dr. Software Amortization Expense 5,000 Cr. PP&E 5,000 8. Which journal entry reflects the adjusting entry needed on December 31?: In November, BOC received a $5,000 cash deposit from a customer for custom-build goods that will be delivered in January (BOC recorded an entry for this $5,000 in November). Now, it is December 31, the end of the fiscal year. Dr. Advances from Customers 5,000 Cr. Revenue 5,000 No entry needed. Dr. Unearned Revenue 5,000 Cr. Revenue Dr. Cash 5,000 5,000 Cr. Revenue Dr. Unearned Revenue Cr. Inventory 5,000 5,000 5,000 9. Which item would not appear on a Balance Sheet? Accounts Receivable Retained Earnings Prepaid expenses Interest Payable Gross Profit 10. Which of the following are permanent accounts? (check all that apply) Retained Earnings Cost of Goods Sold Common Stock Unearned Revenue Revenue

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