Total Liabilities and Owner’s Equity value is: * $45,000
$60,000
$93,000
None of the above
The Salaries expense value is: *
$6,000
$9,000
$15,000
None of the above
The Service Revenue Value is: *
$9,000
$15,000
$35,000
None of the above
The Account Receivable value is: *
$10,000
$13,000
$17,000
None of the above
Total Property, Plant & Equipment value is: *
$12,000
$34,000
$46,000
None of the above
Trademark value is: *
$8,000
$15,000
$20,000
None of the above
Unearned Revenues value is: *
$8,000
$13,000
$25,000
None of the above
Bonds Payable value is: *
$13,000
$20,000
$33,000
None of the above
Owner’s Capital on December 31 value is: *
$33,000
$45,000
$60,000
None of the above
Owner’s Capital on January 1 value is: *
$40,000
$45,000
$60,000
None of the above

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)

Money from an allowance or job is known as .