Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Horizontal model accounting

09/04/2021 Client: muhammad11 Deadline: 2 Day

1. Bishop has an account payable of $7,700 due to Jasper, Inc., one of its suppliers. The amount was due to be paid on October 15, 2017. Bishop only had enough cash on hand then to pay $1,700 of the amount due, so Bishop's treasurer called Jasper’s treasurer and agreed to sign a note payable for the balance. The note was dated October 15, 2017, had an interest rate of 8% per annum, and was payable with interest on December 31, 2017.

Use the horizontal model (accounting equation) and write the journal entry, to show the effect of:

a. The October 15, 2017 payment of $1,700 and the creation of a note payable for the balance

owed.

b. The October 31, 2017 accrual of interest expense for the month of October.

c. The December 31, 2017 payment of the note and all of the interest due. Interest for

November and December had not been accrued.

2. On January 10, 2017, Simpson paid $2,100 rent for a storage facility for the period from

January 10 through May 31. The rent charge is $450 per month.

Use the horizontal model (accounting equation) and write the journal entry, to show the effect of:

a. The January 10, 2017 rent payment assuming that the disbursement was recorded as an

expense.

b. The January 31, 2017 adjustment recorded to show the appropriate amount of expense in the

income statement of Simpson for the month of January.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Quick Finance Master
WRITING LAND
Peter O.
Isabella K.
Engineering Exam Guru
Assignment Guru
Writer Writer Name Offer Chat
Quick Finance Master

ONLINE

Quick Finance Master

I have read and understood all your initial requirements, and I am very professional in this task.

$23 Chat With Writer
WRITING LAND

ONLINE

WRITING LAND

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$43 Chat With Writer
Peter O.

ONLINE

Peter O.

I will cover all the points which you have mentioned in your project details.

$19 Chat With Writer
Isabella K.

ONLINE

Isabella K.

Give me a chance, i will do this with my best efforts

$44 Chat With Writer
Engineering Exam Guru

ONLINE

Engineering Exam Guru

I have read and understood all your initial requirements, and I am very professional in this task.

$34 Chat With Writer
Assignment Guru

ONLINE

Assignment Guru

I will cover all the points which you have mentioned in your project details.

$26 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Coast guard station able is located 150 miles - In-the-News Topic: List of the Top Enterprise CIO Challenges - LM 8: Interviews and ABA - Business Ethics Case study - Restricted electrical licence course sydney - Sodium borohydride reduction of 2 methylcyclohexanone - Carter cleaning company case study chapter 3 - Tom bohlman lexus of albuquerque - Recrystallization of benzoic acid chemical equation - Jeffrey sacksner - Annotated Bibliography Assignment - Article Review exercise - CMST 303 Week 6 discussion - The zaf radiator company uses a normal - Partial fraction decomposition worksheet with answers - Jar test water treatment - Ethical issues apple facing - Calculate Investing in Productivity Improvements - Disadvantages of barcode medication administration - Literature review - Compute the required sales in dollars to break even - Thomas kilmann conflict mode instrument - Dr ray hagins is the bible full of lies - Other things equal the monopsonistic employer will pay a - Master of social work acap - A speaker should apply the "4 s's" to what part of a speech? - The freshest kids - Discussion: Using the AD-AS Model to Explain Macroeconomic Fluctuations - River community hospital case study solution - Phone book application in c program - Function point to man hours - Secondary activities in value chain - I need 850 words Essay on Social Media. - Smtp 500 line too long - Potential and kinetic energy toys - When was the tollund man found - How to assemble icandy peach - Specification for highway works - Arb canopy load rating - What is the general shape of a cheek cell - Powertrain sports inc contribution margin by product - Audit quiz questions and answers - Team Assignment: Organizational Performance Management Presentation - English - Budget and budgetary control system - 3 veins used for venipuncture - Economics hsc extended response questions - Hypa transition to work - Joint venture - Nervous system, meningitis - Aqa a level physics scheme of work - Glencoe virtual lab enzyme controlled reactions - Exam questions on alternative dispute resolution - New covenant jeremiah ezekiel - Package thermal resistance table - Av200 powerline ethernet adapter - Factors that led to the great depression - Distillation of salt water - Where is the love by - Ucla physiological science courses - A railroad car having a mass of mg - Alison lea medical centre - Decision tree plugin excel - Week 7 assigment - La caja china lamb - Does kno3 dissolve in water - Physical features of zambia - Cathy mitchell net worth - Business Proposal Part 1 - The big 6 literacy model - Communication - Business forms and governance ppt - Blades inc case - Iec 60034 6 method of cooling - Individual influences on food choices - What is the difference between profession and occupation - Brave and startling truth - Standard table of t values - Knickers and petticoats washington indiana - 1000 flowers auctioned per second in holland - Assessment 2 - 150 words to describe the taste of food - Explain how ahima's data quality management model works - Macro political risk events examples - Organizational Culture - Ib economics hl syllabus - Management strategies for cronulla beach - Asce 7 10 parapet wind loads - What god has put asunder - Module 6 - Lecture Questions - Monash jd electives timetable - Complete Information About Tips - His 100 multimedia presentation - I need 850 words Essay on Social Media. - Human thigh bones are stronger than concrete - Manage business document design and development assessment - Henley south tennis club - How can you tell a dogwood tree answer - Santa clara university essay prompts - The blind side description