Using the data in BE3-6, prepare two sets of journal entries for No Claims Insurance, with each
Question:
Revenue account and an Insurance Revenue account. Treat the receipt of cash as a liability in the first set of journal entries, and treat the receipt of cash as revenue in the second set of journal entries.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
Treat cash receipt as liability July 1 Cash 18000 Unearned Revenue 1...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
Question Posted:
Students also viewed these Accounting questions
-
On September I, it rented storage space to a lessee (tenant) for six months for a total cash payment of $ l2,000 received in advance. Prepare two sets of journal entries for Store-it Here, with each...
-
Store-it-Here owns a warehouse. On September 1, it rented storage space to a lessee (tenant) for six months for a total cash payment of $12,000 received in advance. Prepare two sets of journal...
-
On July 1, 2014, Blondie Ltd. pays $18,000 to No Claims Insurance Ltd. for a three-year insurance contract. Both companies have fiscal years ending December 31. Prepare two sets of journal entries...
-
Prestopino Corporation produces motorcycle batteries. Prestopino turns out 1,500 batteries a day at a cost of $6 per battery for materials and labor. It takes the firm 22 days to convert raw...
-
In Section 12.3 we ran a t test to test the hypothesis that young children under stress give what they perceive to be more socially desirable answers on an anxiety measure than normal children do. We...
-
Differentiate between a profit center and an investment center. AppendixLO1
-
False positive rate.
-
Factory labor data for Weber Company are given in BE3-2. Manufacturing overhead is assigned to departments on the basis of 200% of labor costs. Journalize the assignment of overhead to the Assembly...
-
Problem 2 Emma Li successfully finished her MBA and now works as the CFO of the Freelancer.com, a major player in the world of online IT outsourcing, with more than 2.9 million projects posted on its...
-
Wilson Vistas is a leading producer of vinyl replacement windows. The company's growth strategy focuses on developing domestic markets in large metropolitan areas. The company operates a single...
-
One Wiser Corp. had the following transactions during the first month of business. Journalize the transactions. August 2 nvested $12,000 cash and $2,500 of equipment in the business in exchange for...
-
On August I, Secret Sauce Technologies Inc. paid $ 12,600 in advance for two years' membership in a global technology association. Prepare two sets of journal entries for Secret Sauce, with each set...
-
A hydraulic-lift truck carries a shipping container on the inclined loading ramp in a warehouse (Figure P4.5). The 12-kN and 2-kN forces act on a rear tire as shown in the directions perpendicular...
-
Given the following differential equation, dydx = sin ( x + y ) Find the following: ( a ) The substitution u = ( b ) The transformed differential equation dudx = ( c ) The implicit solution, given...
-
Consider the following type declarations TYPE Alinteger; A2 pointer to float; A3 pointer to integer; T1 structure (x: integer; } T2 structure (x: A1; next pointer to integer; } b float; } a :...
-
https://www.viddler.com/embed/82b62f65 Questions: How do companies decide where to locate their facilities? Why has just-in-time inventory control become a dominant production process used in the...
-
Adjusting Entries for Interest At December 31 of Year 1, Portland Corporation had two notes payable outstanding (notes 1 and 2). At December 31 of Year 2, Portland also had two notes payable...
-
We want to get an idea of the actual mass of 235U involved in powering a nuclear power plant. Assume that a single fission event releases 200 MeV of thermal energy. A 1,000 MWe electric power plant...
-
Draw a UML sequence diagram for a bus mastership request, grant, and return.
-
Write an essay describing the differing approaches of nursing leaders and managers to issues in practice. To complete this assignment, do the following: 1. Select an issue from the following list:...
-
The cash disbursement journal for Jones Electric includes checks listed in sequential order. The checks for the year begin with 2167 and end with 8573. A sample of 75 canceled checks is desired. The...
-
(Accounting Organizations and Documents Issued) Presented below are a number of accounting organizations and types of documents they have issued. Match the appropriate document to the organization...
-
(Accounting Organizations and Documents Issued) Presented below are a number of accounting organizations and types of documents they have issued. Match the appropriate document to the organization...
-
(Accounting Organizations and Documents Issued) Presented below are a number of accounting organizations and types of documents they have issued. Match the appropriate document to the organization...
-
3 . Accounting.. How does depreciation impact financial statements, and what are the different methods of depreciation?
-
NEED THIS EXCEL TABLE ASAP PLEASE!!!! Presupuesto Operacional y C lculo del COGS Ventas Proyectadas: Ventas Proyectadas: $ 4 5 0 , 0 0 0 Precio por unidad: $ 4 5 0 Unidades vendidas: 4 5 0 , 0 0 0 4...
-
The wash sale rules apply to disallow a loss on a sale of securities_______? Only when the taxpayer acquires substantially identical securities within 30 days before the sale Only when the taxpayer...
Study smarter with the SolutionInn App