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nge Lily Law Firm prepays for advertising in the local newspaper. On January 1, The Ora the law firm paid $2,090 for six months of

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nge Lily Law Firm prepays for advertising in the local newspaper. On January 1, The Ora the law firm paid $2,090 for six months of advertising. Orange Lily Law Firm recorded $2,090 in the Prepaid Advertising account. If Orange Lily Law Firm had recorded their expenses using the other method, how much advertising expense would they have recorded for the two months ending February 28? Enter this value as a positive number Secure Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. As of the end of the year, Secure Home has collected $350 from cash-paying customers. Secure Home's remaining customers owe the business $3,480. Secure Home recorded $350 of service revenue for the year d their service revenue using the other method, how much If Secure Home had recorde service revenue would they have recorded for the year? If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign. Identify whether each account would appear on the Balance Sheet or the Income Statement. Interest Revenue Interest Expense Notes Receivable Office Furniture Equipment Accumulated Depreciation Office Furniture iew History Bookmarks Window Help Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. A two year insurance policy for $1,320 was purchased on November 1 of the current year. Record the transaction for the year ended December 31 vel Adjustment Type Insurance Expense dia din Prepaid Insurance le Appl 8 Miew History Bookmarks Window Help The unadjusted balance of Office Supplies at Dec. 31 is $8,200 and at year end the office supplies on hand totaled $420 Adjustment Type Supplies Expense Office Supplies ok Employees earned $900 in salaries that will be paid next month. The Salaries Expense unadjusted balance as of December 31 is $6,300 plici 9 4 nge Lily Law Firm prepays for advertising in the local newspaper. On January 1, The Ora the law firm paid $2,090 for six months of advertising. Orange Lily Law Firm recorded $2,090 in the Prepaid Advertising account. If Orange Lily Law Firm had recorded their expenses using the other method, how much advertising expense would they have recorded for the two months ending February 28? Enter this value as a positive number Secure Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. As of the end of the year, Secure Home has collected $350 from cash-paying customers. Secure Home's remaining customers owe the business $3,480. Secure Home recorded $350 of service revenue for the year d their service revenue using the other method, how much If Secure Home had recorde service revenue would they have recorded for the year? If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign. Identify whether each account would appear on the Balance Sheet or the Income Statement. Interest Revenue Interest Expense Notes Receivable Office Furniture Equipment Accumulated Depreciation Office Furniture iew History Bookmarks Window Help Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. A two year insurance policy for $1,320 was purchased on November 1 of the current year. Record the transaction for the year ended December 31 vel Adjustment Type Insurance Expense dia din Prepaid Insurance le Appl 8 Miew History Bookmarks Window Help The unadjusted balance of Office Supplies at Dec. 31 is $8,200 and at year end the office supplies on hand totaled $420 Adjustment Type Supplies Expense Office Supplies ok Employees earned $900 in salaries that will be paid next month. The Salaries Expense unadjusted balance as of December 31 is $6,300 plici 9 4

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