Business, 30.03.2020 17:57 kenleighbrooke67
The following transactions and events pertain to Bean County’s General Fund for the calendar year 2013. Prepare the journal entries needed to record the transactions and events (including year-end accruals where appropriate). If a journal entry requires a charge to expenditures, debit the account Expenditures—other than salaries.1. The entity receives invoices in early January 2014 for $25,000 for professional services obtained in 2013, and $32,000 for December 2013 utility services.2. The entity borrows $500,000 on August 1, 2013, in anticipation of the collection of property taxes. The borrowed amount is due to be repaid on January 31, 2014, with interest at the rate of 1.5 percent per annum.3. The entity invests $300,000 cash in a CD on November 1, 2013, at an interest rate of 1 percent per annum. The CD will mature on January 31, 2014.4. In September 2013 the entity receives and accepts supplies that had been ordered in August. The amount that had been encumbered was $40,000, but the amount of the approved invoice was $42,000.
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Business, 21.06.2019 19:10
The development price itself is such a huge barrier, it's just a very different business model than boeing's used to. our huge development programs are typically centered around commercial airplanes, military aircraft, where there is a lot of orders. and right now the foundation of the business is two bites a year.
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Business, 21.06.2019 20:20
while setting up his new office, an attorney ordered thick, frieze carpets for the floor. however, the building inspector had him remove the expensive carpeting. the building inspector stated that according to federal regulations, the office must be wheelchair accessible as it is a public area. he further explained that since wheelchairs do not maneuver well in thick, frieze carpeting, the carpets had to be removed and be replaced with smooth-textured carpets that do not restrict wheelchair maneuverability. this scenario illustrates how a company is influenced by the component of its specific environment.
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Business, 22.06.2019 01:30
The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services
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Business, 22.06.2019 08:00
Lavage rapide is a canadian company that owns and operates a large automatic car wash facility near montreal. the following table provides data concerning the company’s costs: fixed cost per month cost per car washed cleaning supplies $ 0.70 electricity $ 1,400 $ 0.07 maintenance $ 0.15 wages and salaries $ 4,900 $ 0.30 depreciation $ 8,300 rent $ 1,900 administrative expenses $ 1,400 $ 0.03 for example, electricity costs are $1,400 per month plus $0.07 per car washed. the company expects to wash 8,000 cars in august and to collect an average of $6.50 per car washed. the actual operating results for august appear below. lavage rapide income statement for the month ended august 31 actual cars washed 8,100 revenue $ 54,100 expenses: cleaning supplies 6,100 electricity 1,930 maintenance 1,440 wages and salaries 7,660 depreciation 8,300 rent 2,100 administrative expenses 1,540 total expense 29,070 net operating income $ 25,030 required: calculate the company's revenue and spending variances for august.
Answers: 3
The following transactions and events pertain to Bean County’s General Fund for the calendar year 20...
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