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

Live wire hot rod shop follows the revenue recognition principle

14/10/2021 Client: muhammad11 Deadline: 2 Day

Another Name For Journal Is

Another name for journal is

book of accounts.

book of original entry.

book of source documents.

listing.

Multiple Choice Question 111

The ledger should be arranged in

chronological order.

dollar amount order.

financial statement order.

alphabetical order.

Multiple Choice Question 62

Assets normally show

debit and credit balances.

debit balances.

debit or credit balances.

credit balances.

Multiple Choice Question 133

A trial balance may balance even when each of the following occurs except when

incorrect accounts are used in journalizing.

a journal entry is posted twice.

a transposition error is made.

a transaction is not journalized.

Multiple Choice Question 80

During February 2014, its first month of operations, the owner of Ariel Pink Enterprises invested cash of $25,000. Ariel had cash revenues of $5,000 and paid expenses of $7,000. Assuming no other transactions impacted the cash account, what is the balance in Cash at February 28?

$27,000 debit

$23,000 debit

$2,000 debit

$2,000 credit

Multiple Choice Question 95

The final step in the recording process is to transfer the journal information to the

trial balance.

file cabinets.

financial statements.

ledger.

Multiple Choice Question 77

In the first month of operations for Gallowsbird Industries, the total of the debit entries to the cash account amounted to $9,000 ($4,000 investment by stockholders and revenues of $5,000). The total of the credit entries to the cash account amounted to $5,500 (purchase of equipment $2,000 and payment of expenses $3,500). At the end of the month, the cash account has a(n)

$1,500 credit balance.

$3,500 credit balance.

$1,500 debit balance.

$3,500 debit balance.

Multiple Choice Question 44

Adjustments would not be necessary if financial statements were prepared to reflect net income from

lifetime operations.

monthly operations.

fiscal year operations.

interim operations.

Multiple Choice Question 116

Fugazi City College sold season tickets for the 2013 football season for $200,000. A total of 8 games will be played during September, October and November. Assuming all the games are played, the Unearned Ticket Revenue balance that will be reported on the December 31 balance sheet will be

$0.

$125,000.

$75,000.

$200,000.

Multiple Choice Question 124

On January 1, 2012, Mudhoney Inc. purchased equipment for $30,000. The company is depreciating the equipment at the rate of $500 per month. At January 31, 2013, the balance in Accumulated Depreciation is

$6,500.

$500.

$6,000.

$23,500.

Multiple Choice Question 150

Employees at Tengo Corporation are paid $10,000 cash every Friday for working Monday through Friday. The calendar year accounting period ends on Wednesday, December 31. How much salary expense should be recorded two days later on January 2?

$10,000.

$6,000.

$4,000.

None, matching requires the weekly salary to be accrued on December 31.

Multiple Choice Question 55

Live Wire Hot Rod Shop follows the revenue recognition principle. Live Wire services a car on July 31. The customer picks up the vehicle on August 1 and mails the payment to Live Wire on August 5. Live Wire receives the check in the mail on August 6. When should Live Wire recognize the revenue?

August 5

August 1

July 31

August 6

Multiple Choice Question 166

Buffalo Tom Cruises purchased a five-year insurance policy for its ships on April 1, 2013 for $50,000. Assuming that April 1 is the effective date of the policy, the adjusting entry on December 31, 2013 is

Insurance Expense10,000

Prepaid Insurance10,000

Insurance Expense7,500

Prepaid Insurance7,500

Insurance Expense2,500

Prepaid Insurance2,500

Prepaid Insurance7,500

Insurance Expense7,500

Multiple Choice Question 163

An expense is recorded under the cash basis only when

it is earned.

cash is paid.

services are performed.

it is incurred.

Multiple Choice Question 70

Which one of the following is not a justification for adjusting entries?

Adjusting entries are necessary to bring the general ledger accounts in line with the budget.

Adjusting entries are necessary to ensure that the revenue recognition principle is followed.

Adjusting entries are necessary to ensure that the expense recognition principle is followed.

Adjusting entries are necessary to enable financial statements to be in conformity with GAAP.

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:

Writer Writer Name Offer Chat

Writers are writing their proposals. Just wait here to get the offers for your project...

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

Similar Homework Questions

Software development plan outline - The market for apple pies in the city of - Developing an effective ethics program - Marynet marymount university - Cattell's phd was earned with - How does a cavitron work - Victoria halls newcastle university - Mark timmons disputed moral issues 4th edition - Sss sas asa rhs - ANTH question - Research methods criminal justice - Mcgraw hill virtual lab enzyme controlled reactions answers - Moe's southwest grill stock price - Heart failure video case study ati - Cost driver for material handling - Woodford correctional centre book a visit - Monthly progress report for students - Exponential and logarithmic inequalities - Netmba value chain - Essentials of statistics for the behavioral sciences - Lesson Plan - Poorly written instructions - Please write 300 words essay Conduct your own social engineering experiments. - King duncan character traits - Friesian horse association of great britain - 238 glenview road yarra glen - Problem/Solution Proposal Assignment - Photographer public liability insurance - New heritage doll company - Visio assignent 1 - How many eggs does an echidna lay - Prometheus reference in frankenstein - International franchise association legal symposium - Write a essay - Reba worksheet excel - Griffith university student administration - 316-a4 - Mybizhomepage - Math - Problem 12 9a wileyplus - Micrologix 1500 fault light flashing - Hn1796 brake fluid equivalent - The humane society nz - Uts last day to enroll - The cyclotron mastering physics - Illuminating photosynthesis webquest part 2 answer key - Introduction to science exercise 1 data interpretation - What does oil symbolise in baptism - Hard sine and cosine rule questions - Week 5 Discussion - The pact chapter 12 summary - The ugly american book sparknotes - Public health - Csu discussion - Hamric and hanson's advanced practice nursing 6th edition apa citation - How large is a wolf pack the following information - Resultant force on pipe bend - Level 3 principles of ict systems and data security answers - H2po4 mg oh 2 - Corporations and associations law principles and issues - Rough Draft + Final Draft - Review Essay READ CAREFULLY - Theatre - Stolen by jane harrison - Is forcible touching a registerable offense - Mini Case Analysis 1000 words - Accounting II exam - Essential cell biology 2010 - What is 10 times as much as 700 - Management related paper - Tanx 1 cotx cotx 1 tanx 1 tanx cotx - Vhi company plan extra level 1 - Siemens top+ program - Do not stand at my grave and weep poem words - Family Nurse Practitioner as Health Promoter based on the Health Promoter and Disease Prevention Theoretical Model - Eco 550 assignment 1 - The death of mr kal q luss - Ferns and mosses reproduce through - Clark moustakas phenomenological research methods pdf - Mise en scène meaning - International society of automation isa standard s5 1 - Practice of leadership lululemon - Cisco nexus 9000 datasheet - Miniature pony for sale nsw - Examples of noncash investing and financing activities - Golden grove netball courts - Definition of three gorges dam - Nemo nisi mors marc jacobs bracelet - How to calculate litres of paint per square metre - Introduction to Nursing Library Assignment - Week Eight Journal - Samsung model ln t4061f recall - Le petit chaperon rouge perrault pdf - Stealing buddha's dinner chapter summary - Child maintenance law pakistan - Hey google talk to headspace - Sac that stores urine - Scouting heritage merit badge - Post - Write ACCIDENT PREVENTION RECOMMENDATIONS for each case - 15:00 in 12 hour time