Business, 30.11.2019 00:31 Shubbs

The trial balance of godwin company includes the following balance sheet accounts. identify the accounts that might require adjustment. for each account that requires adjustment, indicate the type of adjusting entry and the related account in the adjusting entry.

account type of adjustment related account
(a) accounts receivable the trial balance of godwin company includes the f prepaid expensesaccrued revenuesnot requiredaccrued expensesunearned revenues the trial balance of godwin company includes the f interest expenseinsurance expenseservice revenuenot requireddepreciation expense
(b) prepaid insurance the trial balance of godwin company includes the f unearned revenuesaccrued revenuesprepaid expensesnot requiredaccrued expenses the trial balance of godwin company includes the f service revenueinsurance expensenot requireddepreciation expenseinterest expense
(c) equipment the trial balance of godwin company includes the f accrued revenuesnot requiredprepaid expensesaccrued expensesunearned revenues the trial balance of godwin company includes the f interest expenseservice revenuedepreciation expenseinsurance expensenot required
(d) accumulated depreciation—equipment the trial balance of godwin company includes the f prepaid expensesaccrued revenuesnot requiredaccrued expensesunearned revenues the trial balance of godwin company includes the f depreciation expenseservice revenuenot requiredinsurance expenseinterest expense
(e) notes payable the trial balance of godwin company includes the f not requiredunearned revenuesaccrued expensesaccrued revenuesprepaid expenses the trial balance of godwin company includes the f interest expensenot requiredinsurance expenseservice revenuedepreciation expense
(f) interest payable the trial balance of godwin company includes the f prepaid expensesnot requiredaccrued revenuesunearned revenuesaccrued expenses the trial balance of godwin company includes the f insurance expensenot requireddepreciation expenseinterest expenseservice revenue
(g) unearned service revenue the trial balance of godwin company includes the f unearned revenuesprepaid expensesaccrued expensesaccrued revenuesnot required the trial balance of godwin company includes the f not requireddepreciation expenseservice revenueinterest expenseinsurance expense
warning

don't show me this message again for the assignment

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 21:30

The balance sheet contains the following major sections: current assets long-term investments property, plant, and equipment intangible assets other assets current liabilities long-term liabilities contributed capital retained earnings accumulated other comprehensive income required: the following is a list of accounts. using the letters a through j, indicate in which section of the balance sheet each of the accounts would be classified. if an account does not belong under one of the sections listed, select "not under any of the choices" from the classification drop down box. for all accounts, indicate if the account is a contra account or an account that would normally be deducted on the balance sheet by selecting "yes" from the second drop down box, otherwise select "no". account classification contra or deducted (yes/no) 1. cash 2. bonds payable (due in 8 years) 3. machinery 4. deficit 5. unexpired insurance 6. franchise (net) 7. fund to retire preferred stock 8. current portion of mortgage payable 9. accumulated depreciation 10. copyrights 11. investment in held-to-maturity bonds 12. allowance for doubtful accounts 13. notes receivable (due in 3 years) 14. property taxes payable 15. deferred taxes payable 16. additional paid-in capital on preferred stock 17. premium on bonds payable (due in 8 years) 18. work in process 19. common stock, $1 par 20. land 21. treasury stock (at cost) 22. unrealized increase in value of available-for-sale securities

Answers: 3

Answer

Business, 22.06.2019 10:20

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Answers: 1

Answer

Business, 22.06.2019 11:00

Consider an economy where government expenditures are 10 and total tax revenues are 10. the supply of labor is fixed at 125 and the supply of capital is fixed at 8. the economy is described by the following equations. y k to the power of 1 divided by 3 end exponent l to the power of 2 divided by 3 end exponent c 2.5 + 0.75 ( y - t ) i 10 - 0.5 r the level of private savings is

Answers: 1

Answer

Business, 22.06.2019 11:00

Which statement best describes the variety of workplaces commonly found in the health science career cluster? a. workplaces in this cluster include healthcare facilities such as hospitals, physician offices, and clinics. b. workplaces in this cluster include healthcare facilities, laboratories, and other environments such as offices or homes. c . workplaces in this cluster include nonprofit hospitals, government-run clinics, and private physicians' offices. d. workplaces in this cluster include private and nonprofit hospitals and clinics, and dentists' offices.

Answers: 1

Answer

You know the right answer?

The trial balance of godwin company includes the following balance sheet accounts. identify the acco...

Questions