subject
Business, 17.03.2020 00:55 lisacarter0804

For each of the following transactions for the Sky Blue Corporation, give the accounting equation effects of the adjustments required at the end of the month on October 31. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.)

a. Collected $2,400 rent for the period October 1 to December 31, which was credited to Unearned Revenue on October 1.

b. Paid $1,200 for a two-year insurance premium on October 1, and debited Prepaid Insurance for that amount.

c. Used a machine purchased on October 1, for $48,000. The company estimates annual depreciation of $4,800.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 15:00
Portia grant is an employee who is paid monthly. for the month of january of the current year, she earned a total of $8,388. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year and the fica tax rate for medicare is 1.45% of all earnings. the futa tax rate of 0.6% and the suta tax rate of 5.4% are applied to the first $7,000 of an employee's pay. the amount of federal income tax withheld from her earnings was $1,391.77. what is the total amount of taxes withheld from the portia's earnings?
Answers: 2
question
Business, 22.06.2019 17:00
Cooper sues company a in state court in south carolina, where he lives, for negligence alleging personal injury and property damage of $100,000 after a truck driven by an employee of company a rear-ended his pickup truck. company a is incorporated in delaware, has its headquarters in new york, but does a substantial amount of business in south carolina. claiming diversity of citizenship, company a seeks removal to federal district court, but cooper opposes the motion. which of the following is true regarding whether the case may be properly removed to federal district court? the amount in controversy satisfies diversity requirements; and if company a's nerve center is in a state other than south carolina, then the case may be properly removed to federal court.the amount in controversy satisfies diversity requirements; and because company a is incorporated and has its headquarters in a state other than south carolina, the case may be properly removed to federal court.because the amount in controversy satisfies diversity requirements and company a is incorporated in a state other than south carolina, the case may be properly removed to federal court regardless of where company a's headquarters, nerve center, or principal place of business is located.because the amount in controversy satisfies diversity requirements and company a is headquartered in a state other than south carolina, the case may be properly removed to federal court regardless of where company a is incorporated and regardless of the location of its nerve center.because the amount in controversy fails to satisfy jurisdictional requirements, regardless of the location of company a, the case may not be removed to federal court.
Answers: 1
question
Business, 22.06.2019 18:30
Order these statements in the correct order to fill in the central idea and key points for a chronological speech. question 22 options: there are several steps that someone must take to become a doctor. finally, you will need to get a medical license, and become board certified in your specialty area. then, you must get admitted into to medical school and earn a medical degree. next, you will need to complete a residency. first you must earn a bachelors degree.
Answers: 2
question
Business, 22.06.2019 20:30
When many scrum teams are working on the same product, should all of their increments be integrated every sprint?
Answers: 3
You know the right answer?
For each of the following transactions for the Sky Blue Corporation, give the accounting equation ef...
Questions
question
Mathematics, 01.02.2021 01:30
question
Chemistry, 01.02.2021 01:30
question
Social Studies, 01.02.2021 01:30
question
Mathematics, 01.02.2021 01:40
question
Mathematics, 01.02.2021 01:40
Questions on the website: 13722363