WebJun 1, 2016 · The year end is March 31. Journalize the March 31 adjusting entry required under each of the following alternatives for determining the amount of the adjustment: (a) the amount of insurance expired during the year is $15,300; (b) the amount of unexpired insurance applicable to future periods is $3,330. WebExpert Answer. 100% (1 rating) Transcribed image text: Prepare journal entries to record these transactions: (Round your answers to 2 decimal places.) Oct. 31 Accepted a $19,000, six-month, 6.8% note dated today from Leann Grimes in granting a time extension on her past-due account. Dec. 31 Adjusted the books for the interest due on the Grimes ...
Reversing Entries Accounting Example Requirements Explained
WebMar 31, 2024 · Journal entries help us sort all this into meaningful information. Format of a Journal Entry. Here’s what a typical journal entry looks like: Transaction: Pay an expense of $100. Journal entry: Dr: Expense: $100: Cr : Bank : $100: Let’s take a look at what this means. First of all, Dr and Cr are simply abbreviations for Debit and Credit. WebMay 6, 2024 · One good indication that you are looking at Cygnus ... a period between 4:24 and 5:12 in the morning that is considered the best time to start the day, ... New Yorker, Wall Street Journal, Wired ... is budgey a boy or girl
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WebAug 4, 2024 · Twenty-six weeks ended August 4, 2024; Net sales: Membership fee income: 138.4: Total revenues: Deferred revenue - membership fees August 4, 2024 January 28, 2024; Deferred revenue - membership fees: $129.9: $126.2: Prepare journal entries to record (1) membership fees collected in cash in the first half of fiscal year 2024 and (2) … WebACCT Chap 4. A. On September 1, paid rent on the track facility for six months at a total cost of $15,000. B. On September 1 received $42,000 for season tickets for 12-month admission to the race track. C. On September 1, booked the race track for a private organization that will use the track one day per month for $2500 each time, to be paid ... WebKeep a journal if you want to. And if you think writing in a journal is stupid, don’t keep one. You might have written all day on your novel, and then some writer with six cats and seven litter boxes wants you to keep a journal. Only record the details you want to remember, or the details you don’t think you will forget. is budhwar peth safe