Gibson company paid $24,000 on june 1, 2017 for a two-year insurance policy and recorded the entire amount as insurance expense. the december 31, 2017 adjusting entry is
a. no entry
b. unearned rent revenue 8,000
rent revenue 8,000
c. rent revenue 8,000
unearned rent revenue 8,000
d. unearned rent revenue 16,000
revenue revenue 16,000

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

What should a food worker use to retrieve ice from an ice machine?

On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.