The unadjusted trial balance for Martinez Corp. is shown below. Assume the following adjustment data. 1. Supplies on hand at October 31 total $540. 2. Expired insurance for the month is $108. 3. Depreciation for the month is $88. 4. As of October 31 , services worth $864 related to the previously recorded unearned revenue had been performed. 5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $308. 6. Interest expense accrued at October 31 is $70. 7. Accrued salaries at October 31 are $1,512. The unadjusted trial balance for Martinez Corp. is shown below. Assume the following adjustment data: 1. Supplies on hand at October 31 total $540. 2. Expired insurance for the month is $108. 3. Depreciation for the month is $88. 4. As of October 31 , services worth $864 related to the previously recorded unearned revenue had been performed. 5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $308. 6. Interest expense accrued at October 31 is $70. 7. Accrued salaries at October 31 are \$1,512.
Answers
Assets Accounts receivable: $15,228 Supplies: $540Prepaid Insurance: $1,892 Equipment: $5,000 Accumulated Depreciation: $176 Total assets: $22,484 Liabilities Accounts Payable: $3,016 Unearned Revenue: $1,080 Salaries Payable: $1,512 Interest Payable: $70Total liabilities: $5,678 Equity Common Stock: $5,000 Retained Earnings: $11,806 Total equity: $16,806 Total liabilities and equity: $22,484
Supplies on hand at October 31 total $540, the Supplies adjustment entry will be as follows: Debit Supplies: $540Credit Supplies expense: $5402. Expired insurance for the month is $108, the Prepaid Insurance adjustment entry will be as follows: Debit Insurance expense: $108Credit Prepaid insurance: $1083. Depreciation for the month is $88, the Depreciation adjustment entry will be as follows: Debit Depreciation expense: $88Credit Accumulated Depreciation: $884. As of October 31, services worth $864 related to the previously recorded unearned revenue had been performed. The Unearned Revenue adjustment entry will be as follows: Debit Unearned revenue: $864Credit Revenue: $8645. Services performed but unbilled (and no receivable has been recorded) at October 31 are $308.
The Revenue adjustment entry will be as follows: Debit Accounts receivable: $308Credit Revenue: $3086. Interest expense accrued at October 31 is $70. The Interest Expense adjustment entry will be as follows: Debit Interest expense: $70Credit Interest payable: $707. Accrued salaries at October 31 are $1,512. The Accrued Salaries adjustment entry will be as follows: Debit Salaries expense: $1,512Credit Salaries payable: $1,512After adjusting the entries, the adjusted trial balance is prepared which is then used to prepare the balance sheet.
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Related Questions
_____ allows industries, organizations, and companies to approach business decisions from different perspectives. Arbitration Ergonomics Tolerance Workforce diversity
Answers
Answer:
Workforce diversity
Explanation:
Workforce diversity refers to similarities and differences between employers and employees in terms of their race, religion, gender, perspectives and opinions.
Diversity is important for every industry, organization, and company since people have different perspective and views, they approach business problems differently, leading to different solutions. Diversity leads to increase profits, creativity, wide range of skills e.t.c.
A supermarket building was purchased for $567,000. The down payment was 12%. The balance was financed at 7.97% for 25 years. Find the montly payment is
Answers
The monthly payment for the supermarket building is approximately $3,667.63. To find the monthly payment for a supermarket building, the following formula: Monthly payment = P[r(1+r)^n/((1+r)^n)-1)]
we will need to make use of the following formula: Monthly payment = P[r(1+r)^n/((1+r)^n)-1)]
where P = the principal,
r = the interest rate per month, and
n = the total number of months.
We will calculate the values of P, r, and n using the information provided in the problem statement:
Down payment = 12% of $567,000 = 0.12 × $567,000 = $68,040
Principal = $567,000 − $68,040 = $498,960
Interest rate per year = 7.97%
Number of years = 25Number of months = 25 × 12 = 300To convert the interest rate per year to the interest rate per month, we will divide by 12:
Interest rate per month = 7.97% ÷ 12 = 0.6642% Plugging in these values into the formula, we get:
Monthly payment = $498,960[0.006642(1+0.006642)^300/((1+0.006642)^300−1)]
Monthly payment = $3,667.63.
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Which of the following is another name for a positive externality?
Answers
Answer: third party benefits
D
Explanation:
I just took the test
Another name for a positive externality is Third-party benefit. Thus the correct option is D.
What is a positive externality?A monetary advantage received by a third party as a result of a business transaction is called a positive externality. to create a more sustainable and fair economy by encouraging firms to develop goods and services that are beneficial to society it is helpful.
Since the benefit is obtained by a party other than the party that produces the commodity or service, A positive externality is sometimes known as a "third-party benefit".
Positive externalities are an important economic concept because they can drive enterprises to develop goods and services that benefit society as a whole, even if the producers do not gain directly.
Therefore, option D is appropriate.
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The complete question is Probably
Which of the following is another name for a positive externality? Appreciation O Depreciation O Third-party cost O Third-party benefit
When a sales job is being filled by an untrained individual, the job specifications list will most likely include ________ as a way to predict which candidate will perform the job well.A) age and gender B) past job performanceC) relevant certificationD) personality traits
Answers
(D) Personality traits are often listed in job specifications for sales roles as they can be good indicators of how well an individual will perform in a customer-facing role.
Traits such as assertiveness, empathy, and extroversion are often sought after in sales roles, as they can help an individual to build relationships with customers, close deals, and handle objections effectively.
While past job performance and relevant certifications can also be important factors, personality traits are often given greater emphasis in the selection process for sales roles.
When a sales job is being filled by an untrained individual, the job specifications list will most likely include personality traits as a way to predict which candidate will perform the job well.
Personality traits are often considered important in sales roles because they can help determine a candidate's ability to connect with customers, communicate effectively, and handle potential challenges in the sales process.
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Based on this table, if someone had a taxable income of $11,757, how much would they owe in taxes?
Answers
The amount that the taxpayer is owing in taxes is $2,691.05.
What does income tax payable mean?Income tax payable refers to a business organization's tax liability to the government in the jurisdiction in which it operates. The amount of liability will be determined by the company's profitability over a given time period and the applicable tax rates. Tax payable is considered a current liability rather than a long-term liability because it must be settled within the next 12 months.
Based on the table, we are using the tax rate of 15% for the taxable income of $11,757.
The tax payable will equals to:
= 15%*$11,757 + $927.50
= $1,763.55 + $927.50
= $2,691.05
Note: We are using the attached table to solve the tax payable.
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"modern technology is developed from traditional technology".Explain
Answers
Answer:
We use various tools that we have adopted from early times. This can include the wheel, a very small example but a point proving one. It was a very old technological development, much to do with machinery though now we still use it in more advanced ways like the wheels of an aeroplane. Another technology development with meaning are computers. Earlier huge computers were used but when we see today they are more advanced in speed, accessibility and performance. Calculations were extremely hard to perform on earlier computers but when we see the much advanced laptop or p.c it is not very evident. Hope this helps you!
office administration.Prepare for filling in order.
Answers
This (office administration) simply means to arrange the above in alphabetical order like this;
An Apple SpotA1 TaxiDriveByFine Foods LtdFirst Caribbean BankMalcolm Stephens & SonsNorth Eastern Funeral AssociationPortsmouth Police StationSt. John's Primary School21 Century Printers.What is office administration?Within a company, office administration is a collection of day-to-day operations connected to the upkeep of an office building, financial planning, record keeping and billing, personal development, physical distribution, and logistics.
Finally, administrative abilities are connected to corporate operations and enhancing office productivity. Communication and organizational abilities, as well as project management, bookkeeping, and time management skills, are among them.
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Read the excerpt from It's Our World, Too!: Young People Who Are Making a Difference.
Andy Percifield had been busy, too. There were only two days before the next game. He was determined that his school would do the right thing, no matter what the principal said. He had an idea: maybe the students themselves could write a letter against racism that could be read over the microphone in the press box to everyone at the game. It would have to be powerful enough to satisfy the protesting players and shame the racist fans.
Which statement best describes how Andy has been affected by the conflict?
Answers
Hello. You forgot to show the answer options. The options are:
Andy has lost his faith in the system after talking to the principal and he has decided to act on his own.
Andy has become very angry about the racist fans and he will put an end to their comments no matter what.
Andy is intent on making a change for the better and putting an end to the racist comments coming from the racist fans.
Andy feels bad for the protesting players, but he does not want to get too involved in other people’s problems.
Answer:
Andy is intent on making a change for the better and putting an end to the racist comments coming from the racist fans.
Explanation:
Racism is the conflict that is bothering Andy, affecting him to the point of looking for a way to diminish racist comments and even prevent them from happening. In summary, we can say that the conflict causes Andy to look for changes in his schools, suppressing racism and promoting a more comfortable and fair environment for all students.
Answer:
I think it is:
C. Andy is intent on making a change for the better and putting an end to the racist comments coming from the racist fans.
Explanation:
How many new jobs is the sports and entertainment industry projected to add from 2014 to 2024?answer choicesA) 23,000B) 37,000C) 46,000D) 52,000
Answers
From 2014 to 2024, it sports and entertainment sector is expected to create 46,000 new jobs.
Who is the top hero in India's entertainment sector?They are well known for their acting prowess, charisma, and good looks, and they have starred in a number of box office successes. The most recent list of India's "Most Popular Male Stars" for the December period was announced by well-known media outlet Ormax. Acquiring the top spot was Akshay Kumar.
Who is the richest actor in India, exactly?Bollywood actor Shah Rukh Khan, who has worked in the film industry for more than three decades, is the fourth-richest actor in the world and the richest performer in Asia. Millions of people throughout the world adore Shah Rukh Khan, who has an estimated net worth of $627 million.
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Using the acronym ROTTEN, explain in a few sentences a situation that
a
could have resulted in the increase of supply of iPhones. I
Answers
Answer:
if the supply increases, it could mean that the resources to make Iphones are increased. If there is an abundance of the computer chips Apple uses to make the iphones, the price of the chip lowers , which in turn lowers the cost to make an iphone.
Explanation:
marcia strongly believes that loyalty in a relationship is very important. at her job, she is a purchasing agent. what two sets of ethical standards are in conflict for marcia
Answers
Answer: “Personal and organized” is the answer you’re looking for
Explanation: got it right on A PEX
Make a brochure on a fantasy island
Answers
Answer: Your welcome!
Explanation:
Welcome to Fantasy Island, a tropical paradise located in the Caribbean Sea. Here, you will find a world of enchantment and adventure, beautiful beaches, lush jungles, and a vibrant culture.
At Fantasy Island, you can explore the local culture and experience a variety of activities. From snorkeling and diving to horseback riding and jungle trekking, there is something for everyone. You can also relax on the beach, take a dip in the crystal-clear waters, or explore the many nearby islands.
Fantasy Island is home to a variety of wildlife and plants, including exotic birds, mammals, and reptiles. You can take a boat tour to see dolphins, turtles, and manatees, or explore the colorful coral reefs. There are also plenty of opportunities for fishing, and you can even go whale-watching.
Experience the magic of Fantasy Island with its friendly locals, delicious cuisine, and vibrant nightlife. With its perfect climate and stunning scenery, this is the perfect place to relax and experience a little bit of paradise.
Come to Fantasy Island and unlock the secrets of the Caribbean. We look forward to seeing you soon!
There will be a lower equilibrium price and quantity if _____.
demand increases and supply increases
demand increases and supply decreases
demand decreases and supply stays the same
none of the above
Answers
Answer:
Its C demand decreases, and supply stays the same.
Explanation:
I took the test and got a 100%
The Age Discrimination in Employment Act of 1967 prohibits discrimination against employees aged _______ and older. Group of answer choices a. 21 b. 39 c. 40 d. 41 e. 65
Answers
The Age Discrimination in Employment Act of 1967 prohibits discrimination against employees aged
C. 40What is Age Discrimination in Employment Act of 1967?This refers to the government policy where there is the protection for people aged 40 and older from being discriminated and prevented employment.
With this in mind, we can see that this Act was enacted in 1967 in order to encourage the employment of older people who were previously rejected in favor for more younger people.
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Based on the question above, the correct answer goes thus:
c. 40The ADEA prohibits employment discrimination against persons 40 years of age or older.
In conclusion, we can conclude that the correct answer is 40
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________ refers to continually adjusting prices to reflect changes in supply and demand.
Answers
Dynamic pricing
Explanation:
found it on quizlet
Norbert company debits accounts receivable and credits service revenue. as a result of this adjusting entry, norbert company's:______.
Answers
Norbert company debits accounts receivable and credits service revenue. as a result of this adjusting entry, Norbert company's assets increase
equity increases.
The whole assets of a enterprise are same to the sum of its liabilities and shareholders' equity, in line with the accounting equation.The primary concept behind the double-entry accounting system is that property, liabilities, and equity have a clean courting with one another. The stability sheet is kept in stability thanks to the accounting equation. In other words, every debit access has a corresponding credit access (or insurance) on the other aspect of the ledger.The balance sheet equation or fundamental accounting equation are different names for the accounting equation.The double-access accounting machine is notion to be built upon the accounting equation.according to the accounting components, a organisation's total property are identical to the sum of its liabilities and shareholders' fairness on its stability sheet.The organization's giant resources are represented with the aid of its property. Their obligations are represented by way of the liabilities.Liabilities and shareholders' equity both display how a corporation finances its belongings. Debt funding is displayed as a legal responsibility, while fairness financing is displayed as shareholders' fairness.To learn more about assets and equity increases visit:https://brainly.com/question/1357713
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The effort used to coordinate the factors of production is a description of ___. OA. entrepreneurship. OB, human capital. O C. physical capital. OD, labor.
Answers
Answer:
A. entrepreneurship.
Explanation:
The effort used to coordinate the factors of production is a description of entrepreneurship.
Assume your company’s sales increased from $3 million last year to $10 million this year. However, your biggest competitor is still the market leader with a 40% share of the $200 million widget market. Your other four competitors had sales this year of $53 million, $38 million, $12 million, and $7 million, respectively. For this year, what is your company’s MARKET SHARE? Type only a number along with a $ or % (if appropriate). Dollar amounts should be rounded to the nearest cent; percentages to the nearest tenth. *
Answers
Answer: 5%
Explanation:
The market share for the company will be gotten using the formula:
= Sales generated by company / Total industry sales × 100
= 10/200 × 100.
= 5%
Therefore, the company's market share is 5%
A server finds a full napki-lined basket of dinner rolls on a table after a costumer has left the establishment. According to the FDA food code, what should the server do with the rolls and napkins
Answers
Answer:
throw them out
Explanation:
food can become contaminated you cannot re-serve to another customer
If such a situation should occur where the server finds dinner rolls after the customer has left, the appropriate thing to do is to remove the napkin from the basket and discard the rolls.
FDA food codes were made to reduce the risk of food being contaminated so as to reduce health risks to others.
When a server find a napkin lined basket with dinner rolls, they should remove the napkin and replace it with another in the basket. They should also discard the rolls instead of offering it to someone else as the rolls could be contaminated.
In conclusion, the server should remove the napkin and discard the rolls.
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What is the cost of capital and why is it important?
Answers
For the leg under traction in the previous problem, what is the mass in kg of the leg that is being supported
Answers
The mass of the leg under traction, which is being supported, depends on various factors such as the specific condition being treated and the type of traction applied. It is necessary to consult medical professionals or refer to specific case details to determine the accurate mass of the leg.
The mass of the leg being supported under traction can vary depending on the specific condition being treated and the type of traction being applied. Traction is a technique used in medical settings to apply a pulling force to a body part, typically to realign bones or relieve pressure. The amount of force applied and the duration of traction can vary based on individual cases and medical requirements.
To determine the mass of the leg being supported, it is important to consult medical professionals or refer to specific case details. Healthcare providers assess and monitor the patient's condition, take into account factors such as body weight and distribution, and calculate the appropriate traction force needed.
These calculations are based on specific medical protocols and are tailored to each patient's needs.
Therefore, without specific details about the individual case, it is not possible to provide an accurate mass of the leg under traction. Consulting healthcare professionals or referring to medical records would be necessary to determine the precise mass in kilograms.
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Hey y'all !! Can some body help me out!!
1.What is the role of engineer in development of nation.
2. Elucidate the importance of an animal doctor.
3.Finance sector is a very sensitive feild. Do you agree? Give reasons.
Thank you!!♡
Answers
Answer:
1.) Engineer play very important role in the development of society and nation. Engineer plan and build new bridges, huse building, roads, railways, dams, canals, etc. that helps agricultural, living, transportation and commuting. Appliance and gadgets at home are degined by engineers. They built the infrastructure and the tools necessary for progress.
2. A veterinary (Animal doctor) treat disease, disorders, and injuries in animlas. Most veterinary physician workbin clinical setting, treating animal directly.
3. Yeah, I do agree because finance sector is essential for day to day operation. It is the task of examining and controlling ecnomic transaction on the regular basic fir the financial sucess, based on law
Can't we run a business without training?
Answers
yes definitely.......
What negative consequences might a company face if they failed to keep accurate financial records
Answers
Answer:
Taxes
Explanation: a negative consequence you may face is paying more taxes than what is called for, you have you pay it otherwise tax fraud is a thing. Not only that but when tax return comes around you won't get paid the full amount. Hope this helps.
boxer company issued common stock for proceeds of 124,000 during 2005. the company paid dividends of 22,000 and issued a long-term note payable for 30,000 in exchange for equipment during the year. the company also sold treasury stock that had a cost of 5,000 for 7,000. the financing section of the statement of cash flows will report...
Answers
The financing section of the statement of cash flows will report the following activities based on the given information:
Issuance of common stock: Boxer Company issued common stock for proceeds of $124,000 during 2005. This transaction represents a source of cash, so it will be reported as a positive amount in the financing section.
Payment of dividends: The company paid dividends of $22,000 during the year. Dividends represent cash outflows to shareholders and will be reported as a negative amount in the financing section.
Issuance of long-term note payable: Boxer Company issued a long-term note payable for $30,000 in exchange for equipment. This transaction represents a source of cash, and it will be reported as a positive amount in the financing section.
Sale of treasury stock: The company sold treasury stock that had a cost of $5,000 for $7,000. This transaction represents a source of cash, so it will be reported as a positive amount in the financing section.
To summarize, the financing section of the statement of cash flows will report:
Positive amount for the issuance of common stock ($124,000)
Negative amount for the payment of dividends ($22,000)
Positive amount for the issuance of a long-term note payable ($30,000)
Positive amount for the sale of treasury stock ($7,000)
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Which option identifies the marketing strategy demonstrated in the following scenario?
Department stores often have their own credit cards and mailings sent to card holders that offer incentives such as
percent discounts and early hour shopping days.
O product packaging
customer loyalty
O advertising
word-of-mouth
Answers
Answer: customer loyalty
Explanation:
Raw materials and equipment used in the production of other goods and services are called ______ goods. convenience shopping specialty industrial
Answers
Raw materials and equipment used in the production of other goods and services are called industrial goods.
More about industrial goods:
Consumer goods are finished goods that are sold to and utilised by people, where as industrial goods are raw materials used in the creation of other goods. Industrial goods are purchased and utilised for commercial and industrial purposes.
They are composed of equipment, production facilities, raw materials, and any other product or element that businesses or industries need. Consumer products, such as clothing or food, are prepared for consumption and satisfying human needs.
The demand for the consumer items they assist in producing determines the price of industrial goods.
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plz plz help me with this idk the answer multi choice
Answers
Answer:
The fourth option is likely the answer
The selection process is the first part of the management system that spans the lifetime of the project. This system has been described as a series of
Answers
The selection process is the first part of the management system that spans the lifetime of the project. This system has been described as a series of stages or steps that are followed to select a project that meets the organization's needs. This process is vital as the selection of the right project can determine the success of the project.
The selection process is the first part of the management system that spans the lifetime of the project. This system has been described as a series of stages or steps that are followed to select a project that meets the organization's needs. This process is vital as the selection of the right project can determine the success of the project. The management system is the process of planning, organizing, and controlling resources to meet the objectives of the project. It spans the lifetime of the project from initiation to closure.
The management system is responsible for ensuring that the project is delivered on time, within budget, and to the required quality. It includes a range of processes, including risk management, quality management, communication management, and change management. The management system is essential as it provides a framework for managing the project and ensures that all stakeholders are kept informed throughout the project's lifetime.
In conclusion, the selection process is the first part of the management system that spans the lifetime of the project. The management system is responsible for ensuring that the project is delivered on time, within budget, and to the required quality. It includes a range of processes, including risk management, quality management, communication management, and change management. The management system is essential as it provides a framework for managing the project and ensures that all stakeholders are kept informed throughout the project's lifetime. Thus, the management system is critical to the success of any project, and it is essential to manage it effectively.
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the following is ajax's product cost report for manufacturing 1000 units of component a-103
Answers
In the following question, among the conditions given, Ajax's product cost report for manufacturing 1000 units of Component A-103 includes the cost of materials labour, overhead, and any other expenses related to the production process.
The materials cost covers the cost of raw materials used in the production of the component, such as steel, plastic, rubber, and so on. The labour cost includes the wages of the workers involved in the manufacturing process. The overhead cost covers the cost of utilities, such as electricity, water, and fuel, as well as rent and maintenance costs. All of these costs are added together to determine the total cost of producing 1000 units of Component A-103.
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