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what wiil the adjusting entery for: MetaRound to two decimal places, = Round ( number or formula, 2 ) . The monthly rent payment is
what wiil the adjusting entery for:
MetaRound to two decimal places, Roundnumber or formula,
The monthly rent payment is $ Expense the amount associated with twelve month's rent.
A physical inventory showed that only $ worth of general office supplies remained on hand as of December
The interest on the note for the Ricoh Color copier will be paid every six months. Record the December accrued interest on the note payable for the Ricoh purchase on December st
Record a journal entry to reflect that one half month's insurance has expired.
A review of Bytes job worksheets show that there are unbilled revenues in the amount of $ for computers that cost $ record the cost of the computers on account.
A review of Bytes job worksheets show that there are unbilled revenues in the amount of $ for computers that cost $ record the Sales Revenue from the computers.
A review of Bytes job worksheets show that there are unbilled revenues in the amount of $ for computers that cost $ record the Cost of Goods Sold of the computers.
Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The computer equipment was purchased last January for $
and it has an estimated useful life of years with no salvage value. Calculate the depreciation for one year using the straightline method of depreciation.
The Ricoh Color copier, part of the office equipment, is estimated to be able to make copies, have a useful life of years and a salvage value of $ During December were made. Calculate the depreciation for one month using the straightline method of depreciation.
The remaining office equipment, $ was purchased last January and has an estimated useful life of years with a salvage value of $ Calculate the depreciation for one year using the straightline method of depreciation.
A review of the payroll records show that unpaid salaries in the amount of $ are owed by Byte for three days, December Ignore payroll taxes.
Our CPA has informed us to estimate that of the outstanding Accounts Receivable will be uncollectable. Record the bad debt expense using the allowance method.
Income taxes are to be computed at the rate of percent of net income before taxes.
IMPORTANT NOTE: Since the income taxes are a percent of the net income you will want to prepare the Income Statements through the Net Income Before Tax line.
Post your adjusting journal entries to the general ledger and prepare the Adjusted Trial Balance as of December st
Using the Adjusted Trial Balance as of December st as a reference, prepare the Income Statement, Statement of Stockholder's Equity, Balance Sheet and Statement of Cash Flows.
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