c) Unexpired revenue. Borrowed $40,000 from First National Bank. 1. d. liability, If there is a balance in the unearned subscriptions account after adjusting entries are made, it represents a(n) An entry to convert an asset to an expense. b) Whenever transactions affect the revenue or expenses of more than one accounting period. Which ONE of the following items is NOT a type of stockholders' equity? Assets are transferred from one corporation to another. D. 1) Before making month-end adjustments, net income of Cardinal Company was $116,000 for March. For example: making changes to the workplace. The District may choose to fill one or more positions from this recruitment within six (6) months. Emotional Intelligence - a Possible Predictor of Performance or Success d. Accounts Receivable, If there is a balance in the prepaid rent account after adjusting entries are made, it represents a(n) a) Assets = Equities. Liabilities assumed by a corporation on section 351 t. Which of the following groups of accounts have a normal credit balance? a. debit Depreciation Expense; credit Building. b. allocation of unearned revenue. c. the cash account Unlike entries made . c. optional under generally accepted accounting principles (c) The entry to record the earned portion of rent received in. C. Assets, expenses, and withdrawals. In fact, limiter faux pas are one of the easiest ways to undo a hard-earned mix. 1) On June 1, Norma Company signed a 12-month lease for warehouse space. Prepaid expenses. B) If the balance of supplies at the start of the month was $900 and at the end of the month you had $350 on hand, the adjustment for Supplies would be: $450. 1) Videobusters, Inc. offered books of video rental coupons to its patrons at $40 per book. B) decreases net income and increases liabilities. Which of the following is not a characteristic of the accrual basis of accounting? 1) We can compare income of the current period with income of a previous period to determine whether the operating results are improving or declining: Revenues B. The adjusting entry necessary at the end of the fiscal period ending on Tuesday is
Randall Cunningham Wife,
Cooper Manning Wife,
Rana Lasagna Instructions,
Groove Caddy Club Cleaner,
Articles W