where do all outstanding expenses and prepaid expenses,outstanding incomes and prepaid incomes appear in the worksheet?,i thought prepaid expenses appear on the debit side

2,359 results
  1. math

    Erica found the mean of the yearly incomes of a sample of households in her hometown as shown in the chart below. In a report, she stated, she stated, "the typical income in my neighborhood is about $81,500 per year." How is this misleading? A) The mean of

  2. Accounting

    Classify the following adjusting entries as involving prepaid expenses (PE), unearned revenues (UR), accrued expenses (AE), or accrued revenues (AR). a. To record revenue earned that was previously received as cash in advance. b. To record annual

  3. Math

    The expenses of orphanage are party constant and partly vary as the number of the boys in the orphanage. The expenses were Rs. 10,000 for 150 boys and Rs. 8,400 for 120 boys . Find the expenses for 330 boys.

  4. Math

    A 3500-seat theater sells tickets for $75 and $110. Each night the theater's expenses total $245,000. When all 3500 seats sell, the owners want ticket revenues to cover expenses plus earn a profit of 25% of expenses. How many tickets of each price should

  5. bookkeeping

    Worksheet (Use the information from the trial balance in Exam Figure 2. Write the worksheet information on the form in Exam Figure 1.) You’ll need the following adjustment information: a. P. Woodsley counted the supplies on May 31 and found that the

  6. Financial Accounting

    Prepare adjusting journal entries for the year ended December 31, 2011 for each of the independent situation in (a) to (f). Assume that prepaid expenses are initially recorded in asset accounts. Assume that fees collected in advance of work are initially

  7. accounting

    The monetary contributions that the owners of IBM pay for shares of the company's stock are ____ resources for IBM. a. material b. financial c. human d. informational e. manufacturing Patents and copyrights confer value on a firm but do not exist

  8. civics

    Which of the following expenses would most likely be reduced during hard times in both a household budget and a national budget? fixed expenses, like a mortgage or a debt payment luxury expenses, like new TVs or funding for recreation necessary expenses,

  9. Quantitative Methods II

    The monthly income of residents of Daisy City is normally distributed with a mean of $3000 and a standard deviation of $500. a. What is the random variable? b. The mayor of Daisy City makes $2250 a month. What percentage of Daisy City's residents has

  10. Healthcare Finance

    Great Forks Hospital reported net income for 2007 of $2.4 million on total revenues of $30 million. Depreciation expense totaled $1 million. a. What were total expenses for 2007? b. What were total cash expenses for 2007? (Hint: Assume that all expenses,

  11. pre-algebra

    It will cost Amber an estimated $3,723 a year in tuition to attend her preferred college. She has been putting $350 a month in a savings account for the past 3 years. The account does not earn interest. Her parents will add to her account by giving her

  12. accounting

    In its first year of operations, Bere Company earned $27,046 in service revenue, $6,667 of which was on account and still outstanding at year-end. The remaining $20,379 was received in cash from customers. The company incurred operating expenses of

  13. accounting

    prepare entries to record the following summarized operations related to production for a company using a job order cost system: a. materials purchased on account-$167000 b. prepaid expenses incurred on account-$12200 c. materials pequisitioned: for

  14. macroeconomics

    Generally speaking, the greater the amount of financial wealth people hold in the form of near-monies, the: A) greater is their willingness to spend out of their money incomes, B) less is their willingness to spend out of their money incomes, C) greater is

  15. accounting

    During Denton Company’s first two years of operations, the company reported absorption costing net operating income as follows: Year 1 Year 2 Sales (@ $64 per unit) $ 1,216,000 $ 1,856,000 Cost of goods sold (@ $32 per unit) 608,000 928,000 Gross margin

  16. accounting 100

    Moteki Company accumulates the following adjustment data at December 31 Indicate the type of adjustment (prepaid expenses, accrued revenues and so on), and the status of accounts before adjustment (overstated or understated). (Enter answers in alphabetical

  17. accounting

    A company earned earned $39,000 in revenues and received $33,000 cash from these customers. The company incurred expenses of $22,500 but had not paid $2,250 of them at years end. Harden also prepaid $3750 cash for expenses that would be incurred the next

  18. accounting

    1. Present entries to record the following summarized operations related to production for a company using a job order cost system: Please put a DR before your debits and and CR before credits and enter between each entry. (a) Materials purchased on

  19. business

    When making a budget, a recommended goal is to spend 10% on utilities. In reality, household spending depends on economic levels. Households with incomes from $15,000 to $20,000 spend over 11% on utilities. Households with incomes from $50,000 to $70,000

  20. financial management

    Data for Barry Computer Company and its industry averages follow: A. Calculate the indicated ratios for Barry. B. Construct and extend DuPont evaluation for both Barry and the industry. C. Outline Barry’s strengths and weaknesses as revealed by your

  21. principles accounting

    1)The objectivity principle? Means that information is supported by independent, unbiased evidence. Means that information can be based on what the preparer thinks is true. Means that financial statements should contain information that is optimistic.

  22. Introduction to Finance: Harvesting the Money Tree

    27. Prepare a statement of cash flows for the Crosby Corporation. Follow the general procedures indicated in Table 2–10 on page 38 . Statement of cash flows (L04) Current Assets Liabilities Cash . . . . . . . . . . . . . . . . . . . . . . . . . $ 15,000

  23. Accounting

    Gorton Corporation has 30,000 shares of $10 par value common stock outstanding when it announces a 2-for-1 stock split. Before the split, the stock had a market price of $120 per share. After the split, how many shares of stock will be outstanding? Common

  24. acounting

    A company earned earned $39,000 in revenues and received $33,000 cash from these customers. The company incurred expenses of $22,500 but had not paid $2,250 of them at years end. Harden also prepaid $3750 cash for expenses that would be incurred the next

  25. social studies

    people in countries with tend to be happier A) high incomes B) low incomes C) more civil liberties D) high incomes and more civil liberties My answer is B.

  26. accounting

    Classify the following adjusting entries as involving prepaid expenses(PE), unearned revenues)UR), accrued expenses(AE), or accrued revenues(AR). a. ____ to record revenue earned that was previouslu received as cash advance. b.___ to record annual

  27. Economics

    Suppose that a nation has implemented a system for applying a tax rate of 2 percent to the incomes earned by the 10 percent of its residents with the highest income. All funds collected are then transferred directly to the 10 percent of the nation's

  28. Quantitative Methods

    The monthly income of residents of Daisy City is normally distributed with a mean of $3000 and a standard deviation of $500. a. What is the random variable? b. The mayor of Daisy City makes $2250 a month. What percentage of Daisy City's residents has

  29. ACCOUNTING plz help thnx

    I have to prepare an adjusting entry for Dec 31, 2008 for prepaid insurance from this: An analysis of the company's insurance policies provided these facts: Policy A Purchased on April 1, 2007 for 24 month at $11400. Policy B Purchased on April 1, 2008 for

  30. accounting

    Prepare adjusting journal entries for the year ended (or date of) December 31, 2005, for each of these separate situations. Assume that prepaid expenses are initially recorded in asset accounts. Also assume that fees collected in advance of work are

  31. RE: adjusting entry

    Can someone help me prepare an adjusting entry for the following> Prepaid insurance account had 4,000 balance on December 31, 2007. An analysis of insurance policies shows that 1,200 of unexpired insurance benefits remain at December 31, 2008. Prepaid

  32. math213

    Wally kept track of last week’s money transactions. His salary was $150 plus $54 in overtime and $260 in tips. His transportation expenses were $22, his food expenses were $60, his laundry costs were $15, his entertainment expenditures were $58, and his

  33. algebra

    Wally kept track of last week’s money transactions. His salary was $150 plus $54 in overtime and $260 in tips. His transportation expenses were $22, his food expenses were $60, his laundry costs were $15, his entertainment expenditures were $58, and his

  34. Accounting-balance sheet and income statement

    Argo Sales Corporation has in recent years maintained the following relationships among the data on its financial statements: Gross profit margin 40% Net profit margin 10% Rate of selling expenses to net sales 20% Accounts receivable turnover 8 times per

  35. accounting

    . For each of the following cases, prepare adjusting entries required of financial statements for the year ended (date of) December 31, 2011. (Assume that prepaid expenses are initially recorded in asset accounts and that fees collected in advance of work

  36. Computer/Excel

    How do I write an IF formula for the following statement? **July’s budgeted expenses are based on the differences between the budgeted and actual expenses for June stored in column D. July’s budgeted expenses will be the same as those for June when the

  37. Accounting

    At December 31, 2007, before any year-end adjustments, Bollis Company's Prepaid Insurance account had a balance of $2,700. It was determined that $1,500 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would

  38. ECONOMIC

    The income elasticity for most staple foods, such as wheat, is known to be between zero and one. As incomes rise over time, what will happen to the demand for wheat? What will happen to the quantity of wheat purchased by consumers? What will happen to the

  39. Mangerial accounting

    1.April Green Company has budgeted the following amounts for its next fiscal year: Total fixed expenses $832,500 Sale price per unit $40 Variable expenses per unit $25 By how much will breakeven increase/decrease in units if April can reduce fixed expenses

  40. health finance

    great forks hospital reported net income for 2011 of $2.4 million on total revenue of $30 million. Depreciation expense totaled $1 million a. what were total expenses for 2011? b. what were total cash expenses for 2011? (Hint: assume that all expenses,

  41. Introduction to Computers

    Tell Bill how to do the following tasks: What formula or function does he put in Column F that will show the total expenses for each day? What formula or function does he put in columns B through F in Row 13 that will give him the total expenses for the

  42. Accounts

    where do all outstanding expenses and prepaid expenses,outstanding incomes and prepaid incomes appear in the worksheet?,i thought prepaid expenses appear on the debit side

  43. accounting

    In its first year of operations, Bere Company earned $27,046 in service revenue, $6,667 of which was on account and still outstanding at year-end. The remaining $20,379 was received in cash from customers. The company incurred operating expenses of

  44. Accounting

    The Harding Co. in its first year earned $39,000 in revenues and received $33,000 cash from customers. They incurred expenses $22,000, but had not paid $2,250 of them at year-end. Harden also prepaid $3,750 cash for expenses to be incurred in the next

  45. Statistics

    A random sample of customer incomes yields a mean income of $35000 with a standard deviation of $4500. Assume that the distribution of the incomes in normal. What income range would include 90% of the most popular incomes?

  46. Algebra 2

    According to a survey conducted in 1990 by Independent Sector, the percent of their incomes that Americans give to charities is related to their household incomes. For families with annual incomes between $5000 and $100,000, the percent is modeled by P =

  47. Accounting

    how can you determine what side is a debit and what side is a credit A debit is an expense that is paid. A credit is income. The following rules are applied to decide debit or credit side. 1.Debit what comes in and credit what goes out 2.Debit the receiver

  48. u n i

    The trial balance of Bair Company includes the following balance sheet accounts. Identify the accounts that require adjustment. For each account that requires adjustment, indicate (a) the type of adjusting entry (prepaid expenses, unearned revenues,

  49. accounting

    The trial balance of Bair Company includes the following balance sheet accounts. Identify the accounts that require adjustment. For each account that requires adjustment, indicate (a) the type of adjusting entry (prepaid expenses, unearned revenues,

  50. accounting

    Not recording the Prepaid Rent used causes A. assets to be too high. C. expenses to be too high. D. revenue to be too high. My answer is A

  51. accounting

    Classify the following adjusting entries as involving prepaid expenses(PE), unearned revenues)UR), accrued expenses(AE), or accrued revenues(AR). a. ____ to record revenue earned that was previouslu received as cash advance. b.___ to record annual

  52. Accounting

    I have the following items listed on a balance sheet and income statement: Balance Sheet: Cash Accounts Receivable Inventory Prepaid Expenses Equipment Accumulated Deprecation Accounts Payable Income Taxes Payable Dividends Payable Salaries Payable

  53. statistics

    the mean annual income for adult women in one city is and the standard deviation of the incomes is The distribution of incomes is skewed to the right. For samples of size 30, which of the following statements best describes the sampling distribution of the

  54. Math!

    The actual expenses for the most recent fiscal quarter were 121% of budgeted expenses. If the budgeted expenses were $76,570 then what were the actual expenses? (round to the nearest cent).

  55. Accounting

    I'll start with the first part of my problem. This is a long assignment since it is a weekend one. Part 1: Incomplete Comparative Balance Sheet. The percentage of Increases/decreases are to the side. And Accumulated Depreciation is listed twice. I'm

  56. accounting

    Benjamin O'Henry has owned and operated O'Henry's data Service since it beginning ten years ago.From all appearances,, the business has prospered. in the past few years, you have become friends with O'Henry and his wife. Recently, O'Henry mentioned that he

  57. accounting

    I have to prepare an adjusting entry for Dec 31, 2008 for prepaid insurance from this: An analysis of the company's insurance policies provided these facts: Policy A Purchased on April 1, 2007 for 24 month at $11400. Policy B Purchased on April 1, 2008 for

  58. ACCOUNTING

    I have to prepare an adjusting entry for Dec 31, 2008 for prepaid insurance from this: An analysis of the company's insurance policies provided these facts: Policy A Purchased on April 1, 2007 for 24 month at $11400. Policy B Purchased on April 1, 2008 for

  59. Managerial Accounting

    1) If the Cost were split simply 50-50- than allocated expense would be - Advertising Expenses - $ 2.5 M for each business and warehouse expenses - $ 1.5 M for each business 2) As per my view the Advertisement expenses should be allocated in the ratio of

  60. Accounting

    I am just wanting to see if i chose the right answer. Deferred expenses have _________. not yet been recorded as expenses or paid been recorded as expenses and paid been incurred and paid not yet been recorded as expenses I put that not been recorded as an

  61. Accounting

    How do I post an adjusted entry for the following: The company prepaid its 9th month rent agreement on 6-1-2010 and prepaid its 6th month insurance policy on 12-1-2010.

  62. Accounting

    The question is: Deferred expenses have _________. choices below got to choose from 1. not yet been recorded as expenses or paid 2. been recorded as expenses and paid 3. been incurred and paid 4. not yet been recorded as expenses The answer that I am

  63. statistics

    Assume that we collect a large (n>30) simple random sample of annual incomes of adults in the United States. Because the sample is large, can we approximate the distribution of those incomes with a normal distribution ? Why or why not?

  64. math

    Wally kept track of last week’s money transactions. His salary was $150 plus $54 in overtime and $260 in tips. His transportation expenses were $22, his food expenses were $60, his laundry costs were $15, his entertainment expenditures were $58, and his

  65. statistics

    An economist wants to estimate the mean income for the first year of work for college graduates who majored in biology. How many such incomes must be found if the economist wants to be 95% confident that the sample mean is within $500 of the true

  66. statistics

    In a city, 20% of the workers have incomes over $40,000 per year. A researcher chooses 1600 workers at random (with replacement) and finds that the mean is 320 and standard deviation is 16. what is the chance that between 320 and 336 of those have incomes

  67. Statistcs

    Please help I am so lost and my book shows me nothing helpful. You are interested in the incomes of your customers. A sample of 100 customer incomes yields a standard deviation of $141,421 and a mean of $300,000: a. Determine the point estimate b.

  68. finance

    Cooper Inc's latest EPS was $4.00, its book value per share was $20.00, it had 200,000 shares outstanding, and its debt ratio was 40%. How much debt was outstanding?

  69. Geography

    What factors might account for the per capita incomes of Colorado, Delaware, Maryland, Massachusetts, New Jersey, and New York of the United States and Yukon Territory, Ontario, and Northwest Territories of Canada? My answer: The factors which may account

  70. Accounting

    Help with Crosby Corporation? Can you please help me. I am completly stuck. Prepare a statement of cash flows for the Crosby Corporation. Follow the general procedures indicated in Table 2–10 on page 38 . Statement of cash flows (L04) Current Assets

  71. Accounting

    I need help with a problem involving adjusting entries. It is involving rent expense and prepaid rent. Here is the information I am given on the Unadjusted Trial Balance, Dec. 31, 2005: Prepaid studio rent: 2,500 Studio rent expense: 11,250 The data says,

  72. college

    unadjusted trail balance(December 31,2008)(Bed Bugs R Us Ltd): prepaid rent $8,000 rent expense $24,000 adjusting entry question: 4 months worth of prepaid rent had been purchased on September 1 2007 in an adjacent building to b used as thier office. The

  73. accounting and finance

    unadjusted trail balance(December 31,2008)(Bed Bugs R Us Ltd): prepaid rent $8,000 rent expense $24,000 adjusting entry question: 4 months worth of prepaid rent had been purchased on September 1 2007 in an adjacent building to b used as thier office. The

  74. accounting

    O'Hara Inc. made sales of $310,000 during 2008, it's first year of operations. Of this, $15,000 remained in accounts receivable at the end of the year. Additionally, the company paid and incurred $270,000 in expenses during the year. The company also

  75. Math

    The average income of Ironville, Pennsylvania, is 24,000 a year. A new mill has brought in sic new incomes that increase the average to 32,000. If there were initially eight incomes in Ironville, what is the average income of six new families? Its 192,000

  76. alg

    A clothing company uses the expressions that follow to estimate revenue and expenses based on the production of x lots of clothes: Revenue: Expenses: The ratio of revenue to expenses is represented by the rational expression that follows: A. Factor the

  77. Accounting - Adjusting Entries

    $750 of insurance expense needs to be accrued. It was originally recorded as prepaid insurance. Do I just debit prepaid insurance and credit insurnace expense for $750?? My other problem is adjustment was made to record interest expense on bonds payable

  78. finance

    If hot tubs had sales of $100,000 per year (all credit) and its days sales outstanding was equal to 25 days, what was its average amount of accounts receivable outstanding?

  79. accounting and finance

    unadjusted trail balance(December 31,2008)(Bed Bugs R Us Ltd): prepaid rent $8,000 rent expense $24,000 adjusting entry question: 4 months worth of prepaid rent had been purchased on September 1 2007 in an adjacent building to b used as thier office. The

  80. Math

    Divide some peanuts into three groups and one peanut is outstanding. Mix two groups thereof with the outstanding peanut and further divide them into three groups. Then two peanuts are outstanding. Mix group thereof with two outstanding peanuts and further

  81. accounting

    Prepare an income statement cash 16050.00 accounts receivable 1500.00 office supplies 1200.00 office equipment 18250.00 accounts payable 2350.00 Stanley Neal, Capital, 12850.00 fees income 36400.00 advertising expense 2750.00 salaries expense 7500.00

  82. tax

    Which of the following itemized deductions is not allowed for AMT? A. Miscellaneous expenses B. Depreciation C. Medical expenses D. Charitable contributions is it D

  83. Accounting

    I have completed all of my assignment except this one last question. I am having a heck of a time figuring out where to even start. Can anyone help me? The comparative year-end balance sheets of Sign Graphics, Inc., revealed the following activity in the

  84. Cost Accounting

    Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Case 1 2 Direct Materials Used $ 8,300 (g) Direct Labor 3,000 $ 4,000 Manufacturing Overhead 6,000 5,000 Total Manufacturing Costs (a) 20,000 Beginning Work

  85. Accounting Balance Sheet - please help!!!

    The following data pertain to Pavilion Products Inc. (PPI): PPI has outstanding debt in the form of accounts payable, 6-month notes payable, and long-term bonds. The notes carry a 10% interest rate and the bonds carry an 8.5% rate. Both the notes and bonds

  86. real estate finance

    Frank and Mary are buying a home for $187,500. Their Good Faith Estimate indicates they will be paying $2200 in closing costs and prepaid expenses plus they want to do a permanent buy-down on their interest rate and will be paying 2 1/2 discount points.

  87. algebra

    summer begins from june 1st until august 31st. i can make $6.00 per hour working in a camera shop. $800 is the cost of living expenses. write equations for earning exactly $1000 and $2000 that include hourly wage and the cost of living expenses.solve your

  88. Accounting urgent

    What would be considered quick assets out of Cash& Short term investments......$47.3 receivables.........159.7 inventories...........72.3 prepaid expenses&other current assets...32.0 total current liabilities..........130.0 total

  89. accounting

    Net income is $32,400. Administrative expenses are $11,800 and selling expenses are $7,200. Cost of merchandise sold is $61,100. How much is gross profit?

  90. Financial Management

    I need to fill in the blanks on my income statement/balance sheet. Here is the information given: The following data pertain to Pavilion Products Inc. (PPI): PPI has outstanding debt in the form of accounts payable, 6-month notes payable, and long-term

  91. Math-please help

    One concert ticket is $5 and the other is $9. There are 500 seats. My expenses are estimated at $4000. Determine equations for income, profit, and expenses if all 500 seats are filled. Are my equations- expenses:y=400 income:4x+2500 profit:y=4x-1500

  92. accounting

    Net income is $44,400. Administrative expenses are $5,500 and selling expenses is $3,700. Cost of merchandise sold is $27,800. How much is sales, assuming no returns or discounts?

  93. accounting

    This is what I got so far I am lost Journal of the Portland After School Program July 1, 20XX - December 31, 20XX a) July 1, 20XX - Received unrestricted donation check in the amount of $15,000 from the Multnomah County Department of Health & Human

  94. Math*

    Divide some peanuts into three groups and one peanut is outstanding. Mix two groups thereof with the outstanding peanut and further divide them into three groups. Then two peanuts are outstanding. Mix group thereof with two outstanding peanuts and further

  95. accounting

    Company reports net income of $ 530,000 for the year ended December 31, 2009. It also reports $ 95,400 depreciation expense and a $ 4,000 gain on the sale of machinery. Its comparative balance sheets reveal a $ 42,400 increase in accounts receivable,

  96. Accounting

    For my assignment I was asked to complete a journal for the Portand After School Program. I have completed it, but I know I did something wrong because when I try to do the second part which is a trial balance it is not balancing out right. can some one

  97. Computer

    You interview with a financial services firm on Wall Street and you are offered a management training position which pays $40,000 annually. You eagerly accept the offer! You find out from your prospective employer that you will be paid twice each month and

  98. Accounting

    Charles, the CFO of Troy, Inc., received the following information from various experts within the company. He has asked for your help, as the company’s accountant, to determine any required year-end adjustments. Not all of the information provided will

  99. Math

    Zoe's gross income is $16,960. His medical expenses for the year amounted to $812.35. If he can deduct only the amount over 7 1/2% of his gross income for medical expenses, how much can he deduct for medical expenses?

  100. Interview question - Why do you want to work here?

    I answered this in a very simple manner. I need a job to pay for my expenses that are building up. I also need to gain work experience, and if I could get the oppurtuity to become a member of your team, that would be a great help to me later in my

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