Would you do as your co-worker requests so the nonprofit organization can have these extra supplies? Why or why not?
Q: Please provide journal entries for the following: Jessica Johansen started Sewn for You, a…
A: Journal entry: A journal entry is used to record day-to-day transactions of the business by debiting…
Q: Oriole Travel Court was organized on July 1, 2021, by Betty Johnson. Betty is a good manager but a…
A: I am answering the part (a) only of the question as no information and requirement for part (b) is…
Q: 4 Purchased office furniture on account, $4,200. The furniture should last for five years. 5…
A: Trial Balance: Trial Balance confirms that all the debit balances equal credit balances. It is a…
Q: Designer Dry cleaning showed the following information for its first and second months just ended,…
A: Statement of owners' equity is an essential part of the financial statement of the company. It is…
Q: Varmit-B-Gone is a pest control service that operates in a suburban neighborhood. The company…
A: Given that: Number of subsribers in August = 1500 Service call per subscriber in August = 2.4 calls
Q: Getting ready for the upcoming holiday season is traditionally a busy time for greeting card…
A: Hey, since there are multiple questions posted, we will answer the first question. If you want any…
Q: Barry Bird opened the Barry Bird Basketball Camp for children ages 10 through 18. Campers typically…
A: Journal entries are prepared to record the financial and non financial transactions of the business…
Q: Would you do as your co-worker requests so the nonprofit organization can have these extra supplies?…
A: Given case is: The supplies adjustment records the office supplies used for the month. A co-worker…
Q: Varmit-B-Gone is a pest control service that operates in a suburban neighborhood. The company…
A: Working Notes: 1. Revenue of September: = Subscribers for the month of august * (100% - % of fall) *…
Q: Special-Order Decision, Services, Qualitative Aspects Jason Rogers works full-time for UPS and runs…
A: Total number of lawns for LStar Property Management Services = No. of rental houses * 2 weeks * No.…
Q: For each of the following items, indicatewhether that item would be considered to be a transaction…
A: Transaction: The economic events which bring about any changes in the financial items of a business…
Q: Office Jungle Company sells plants and provides plant watering and pruning services to office…
A: Revenue should be recognise when Performance obligations satisfied and goods and services actually…
Q: Remy Morris is an accountant has a full time job at Transcend Haberdashery. He also works every…
A: Services: Services are the non-physical, elusive pieces of our economy, instead of products, which…
Q: can you help me with question to explain "An employee for Repairs to Go, Inc., works different…
A: There are different kinds of working schedule like rotational, flexible, and strict working hours.
Q: Varmit-B-Gone is a pest control service that operates in a suburban neighborhood. The company…
A: A cash budget is prepared to estimate the future cash position on the basis of past experience.it is…
Q: Susan Barnes is a self-employed consultant. She travels to Chicago on June 30th business purposes.…
A: Business expenses refer to the costs or expenses which are the carrying cost on a trade or business.…
Q: Oriole Travel Court was organized on July 1, 2021, by Betty Johnson. Betty is a good manager but a…
A: Journal is the book of original entry in which all the transactions of the business are recorded…
Q: Dilly’s dream was to open a cookie shop, so she did her homework carefully be-fore finally opening…
A: Calculate the total startup costs available for deduction: The total startup costs available for…
Q: The May clinic runs a small office in Columbia. May pays the building owner a rent of 12000 a month…
A: Hourly Rate [A] Actual hours in the month [B] Monthly Personnel cost [C = A x B]…
Q: Aunt Athena’s Catering Service provides catering service for special occasions. During 2019, Aunt…
A: Cash basis accounting: In cash basis accounting , revenue are recognized when payment is received…
Q: INSTRUCTIONS: Create a pro-forma income statement based on the given problem Supply the given items…
A: The adjusted income statement will appear this way when certain assumptions, such as non-recurring…
Q: Aunt Athena’s Catering Service provides catering service for special occasions. During 2019, Aunt…
A: Cash basis accounting: In cash basis accounting , revenue are recognized when payment is received…
Q: A bill for $750 was received and recorded in the next month for legal fees performed in the current…
A: Adjusting entries are recorded so that correct incomes and expenses are recorded; irrespective of…
Q: You are the manager of accounting for a company that sells computer software packages. You have just…
A: A memo to communicate this information to all employees is as follows:
Q: Designer Dry cleaning showed the following information for its first and second months just ended,…
A: In the given question first we will calculate the capital as on March 31st 2020. The Closing capital…
Q: Advertising flyers announcing the formation of the business and a newspaper ad dine, oil, and…
A: The accounting equation is considered to be the foundation of the double-entry accounting system.…
Q: Tonic Day Salon & Spa offers hair and spa treatments to customers In a midwestern city. During the…
A: Under double entry system every debit will have a corresponding credit and every credit will have a…
Q: INSTRUCTIONS: Create a pro-forma income statement based on the given problem Supply the given items…
A: based on the data given we will make the Proforma Income statement
Q: The following information is available about electricity costs for the first six months of the year.…
A: Solution... Highest point = 6,200 machine hours Total cost = $5,980 Lowest point = 2,300…
Q: The following information is available about electricity costs for the first six months of the year.…
A: High low method Formula: Variable cost per unit = (Highest activity cost - Lowest activity cost) /…
Q: The Lakeshore Hotel guest days of occupancy and custodial supplies expense over the last seven…
A:
Q: Seashore Home provides house-sitting for people while they are away on vacation. Some of its…
A: given that, On December 31, Seashore Home has collected $500 from cash-paying customers Seashore…
Q: Your organization has opened a walk-in clinic. A list of expenses has been given to the new staff…
A: Introduction Direct costs: Direct costs are those costs which are easily traceable with the…
Q: Eric Sherm began working as a part-time waiter on April 1, 20--, at Yardville Restaurant. The cash…
A: OASDI refers to Old-Age, Survivors, and Disability Insurance and HI refers to Hospital Insurance and…
Q: After numerous campus interviews, Alex Sanchi, a student at BC, received two office interview…
A: No, this will be unethical on her part to get the expenses ($296) as out of pocket expenses from…
Q: After all of the transactions, what is the amount of total liabilities?
A: A liability can be defined as the financial obligation which is to be paid in future, for which the…
Q: On 9/1, Bugsy Pest Control receives $12,000 in advance to provide provide pest control services to a…
A: Receipt of advance increases unearned revenue and increases cash on 9/1.
Q: Special-Order Decision, Services, Qualitative Aspects Jason Rogers works full-time for UPS and runs…
A: Total number of lawns=No. of rental houses×No. of weeks per month×No. of months
Q: Mia works in both the jewelry department and the cosmetics department of a retail store. She assists…
A: Cost allocation refers to the process of recognizing, collecting, and assigning expenditures to cost…
Q: Prepare a budgeted income statement for September. (Do not round intermediate calculations.)
A: Budgeting refers to estimating certain things for activities to be carried out in the near future.…
Q: Shafinaz running a medium-sized 24 hours petrol station kiosk at Johor Bahru, Johor. The petrol…
A: Internal control system is the system which is put in place by the company in order to detect and…
Q: Special-Order Decision, Services, Qualitative Aspects Jason Rogers works full-time for UPS and runs…
A: When a company has the chance or offer to service additional clients to a specific customer as a…
Q: Gerald Inc. of Session opens a sales agency in Julia and a working fund of ₱100,000 is established…
A: solution when a working fund is established by the home office the entry posted will be working fund…
Q: The following information is available about electricity costs for the first six months of the year.…
A: High low method: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest…
The supplies adjustment records the office supplies used for the month. A co-worker asks you to record a larger supplies adjustment compared to what is leftover so the extra supplies can be used at a nonprofit organization.
Minimum of 175 words:
Would you do as your co-worker requests so the nonprofit organization can have these extra supplies? Why or why not?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The supplies adjustment records the office supplies used for the month. A co-worker asks you to record a larger supplies adjustment compared to what is leftover so the extra supplies can be used at a nonprofit organization. Respond to the following in a minimum of 175 words: Would you do as your co-worker requests so the nonprofit organization can have these extra supplies? Why or why not?Secure Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. As of the end of the year, Secure Home has collected $1,920 from cash-paying customers. Secure Home’s remaining customers owe the business $2,660. Secure Home recorded $1,920 of service revenue for the year. correct If Secure Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year?can you help me with question to explain "An employee for Repairs to Go, Inc., works different numbers of hours each week depending on the needs of the business. To simplify the accounting, the bookkeeper for Repairs to Go classifies this employee as a salaried person. Is this practice appropriate?"
- It is the last day of the month and fiscal year, your manager asks you to create an invoice for $10,000 (debiting Accounts Receivable and Crediting Sales) and send it to a specified customer. Normally invoices are sent to customers when products have been shipped or the service has been finished. You manager tells you that we will be shipping equipment and performing the setup services for this customer next month (as early as next week). How would the company’s financial statements (and the users of the financial statements) be affected if you record this entry?t is the last day of the month and fiscal year, your manager asks you to create an invoice for $10,000 (debiting Accounts Receivable and Crediting Sales) and send it to a specified customer. Normally invoices are sent to customers when products have been shipped or the service has been finished. You manager tells you that we will be shipping equipment and performing the setup services for this customer next month (as early as next week). You know that by preparing the closing entries tomorrow, the revenue will be included in this year’s fiscal year and then the revenue account will be set to zero for the beginning of the year. How would you respond to your manager? Do you have any suggestions or alternative ways you would recommend to your manager on how to record this?Seashore Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. On December 31, Seashore Home has collected $500 from cash-paying customers. Seashore Home’s remaining customers owe the business $1,900. How do I solve his problem?
- At the end of the current month, Gil Frank prepared a trial balance for College App Services. The credit side of the trial balance exceeds the debit side by a significant amount. Gil has decided to add the difference to the balance of the miscellaneous expense account in order to complete the preparation of the current month's financial statements by a 5 o'clock deadline. Gil will look for the difference next week when he has more time. Discuss whether Gil is behaving in a professional manner in your opinion.Hi, the question I recieved for homework is "The company has two employees. The manager is paid on the 15th of every month and for work performed during the first hald of the month and on the 1st of the following month for work performed during the second half of the month. His monthly salary is $5,500 . THe other employee is paid $650 for each 5 day work week( Monday-Friday) . The last day of the month fell on a thursday . Prepare adjusting entries." Do I have to make adjusting entries for both the manager and the employee? If I do have to make adjusting entries for both what would it look like for the manager? We never went over making adjusting entries on a monthly basis in class . Thank you for your helpSecure Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. As of the end of the year, Secure Home has collected $1,720 from cash-paying customers. Secure Home’s remaining customers owe the business $3,080. Secure Home recorded $1,720 of service revenue for the year. (Cash basis) If Secure Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year?
- It is the last day of the month and fiscal year, your manager asks you to create an invoice for $10,000 (debiting Accounts Receivable and Crediting Sales) and send it to a specified customer. Normally invoices are sent to customers when products have been shipped or the service has been finished. You manager tells you that we will be shipping equipment and performing the setup services for this customer next month (as early as next week). You know that by preparing the closing entries tomorrow, the revenue will be included in this year’s fiscal year and then the revenue account will be set to zero for the beginning of the year. What is your manager trying to accomplish by asking you to do this?At the end of the current month, Hannah Kinsey prepared a trial balance for Seaside Rescue Service. The credit side of the trial balance exceeds the debit side by a significant amount. Hannah has decided to add the difference to the balance of the miscellaneous expense account in order to complete the preparation of the current month’s financial statements by a 5 ‘o clock deadline. Hannah will look for the difference next week when she has more time. Discuss whether Hannah is acting in a professional manner. Please post your comments and (optionally) respond to your classmates comments as well. Search entries or authorMr X enrolls in a 12-month customer service assistance program for a computer software from CYBER COMPANY costing P1,200 per month on August 1, 20x8. Given that the computer assistance occurs evenly throughout the year, CYBER COMPANY uses the “proportion of time” as its measure for membership revenue, what is the amount of sales revenue to be recognized on December 31?
