Business, 27.02.2020 21:43 tatilynnsoto17
Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances include the following account information:
30-Nov 31-Dec
debit credit debit credit
supplies $ 2,000 $ 3,500
prepaid Insurance $ 8,000 $ 6,000
salaries payable $ 11,000 $ 16,000
unearned revenue $ 3,000 $ 1,500
The following information also is known:
(1) Purchases of supplies during December total $4,200.
(2) Supplies on hand at the end of December equal $3,350.
(3) No insurance payments are made in December. Insurance cost is $1,850 per month.
(4) November salaries payable of $10,700 were paid to employees in December.
(5) Additional salaries for December owed at the end of the year are $15,700.
Required:
Show the adjusting entries that were made for supplies, prepaid insurance, salaries payable, and unearned revenue on December 31.
Answers: 2
Business, 22.06.2019 09:00
What should a food worker use to retrieve ice from an ice machine?
Answers: 1
Business, 22.06.2019 17:40
Because the demand for wheat tends to be inelastic. true or false
Answers: 1
Business, 22.06.2019 20:30
This problem has been solved! see the answercompute and interpret altman's z-scoresfollowing is selected financial information for ebay, for its fiscal years 2005 and 2006.(in millions, except per share data) 2006 2005current assets $ 4,970.59 $ 3,183.24current liabilities 2,518.39 1,484.93total assets 13,494.01 11,788.99total liabilities 2,589.38 1,741.00shares outstanding 1,368.51 1,404.18retained earnings 4,538.35 2,819.64stock price per share 30.07 43.22sales 5,969.74 4,552.40earnings before interest and taxes 1,439.77 1,445.18compute and interpret altman z-scores for the company for both years. (do not round until your final answer; then round your answers to two decimal places.)2006 z-score = answer2005 z-score = answerwhich of the following best describes the company's likelihood to go bankrupt given the z-score in 2006 compared to 2007.the z-score in 2006 is half of the 2005 score. both z-scores are well above the score that represents a healthy company.the z-score in 2006 is double the 2005 score. the z-score has increased sharply, which suggests the company has greatly increased the risk of bankruptcy.the z-score in 2006 is half of the 2005 score. the z-score has decreased sharply, which suggests the company is in financial distress.the z-score in 2006 is double the 2005 score. the z-score has increased sharply, which suggests the company has greatly lowered the risk of bankruptcy.
Answers: 3
Business, 22.06.2019 21:10
Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $ 17,000 $ 12,000 finished goods $ 46,000 $ 50,000 additional information: direct materials $ 57,000 direct labor cost $ 87,000 manufacturing overhead cost incurred $ 63,000 manufacturing overhead cost applied to work in process $ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is:
Answers: 3
Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and Decembe...
Mathematics, 31.08.2019 01:00
Biology, 31.08.2019 01:00
Business, 31.08.2019 01:00
Computers and Technology, 31.08.2019 01:00
Mathematics, 31.08.2019 01:00
Social Studies, 31.08.2019 01:00
English, 31.08.2019 01:00
Mathematics, 31.08.2019 01:00
Biology, 31.08.2019 01:00