aa pearl necklace MUN had left me 珍珠项链MUN离开我 [translate] aFactors Influencing Social Responsibility Disclosure by Portuguese Companies 由葡萄牙公司析因影响社会责任感透露 [translate] athe adjusting entry for prepaid insurance would include 调整分录为预付的保险将包括 [translate] ...
因为会计是accrual basis的，所以在期末要根据权责的转移做adjusting entry，简单说就是，虽然在当天没有交易发生，但是也要做帐。多数adjusting entry都是期末发生的。例如说，会计年度初2000年1月1日交了2400元保险费，保险的期限是两年，那么当支付的时候，当为一种资产确认在预付费用中，在期末2000年1...
4.会区分流动资产current asset和固定资产 non-current asset,以及流动负债current liability和非流动负债 non-current liability. 上一周要求大家能够熟练地做journal entry,这是整个accounting cycle 的第一步。接下来呢我们还要依次完成:总分类账 general ledger, 未调整的试算平衡表unadjusted trial balance, 调整分录...
Adjusting entries for prepaid insurance required under each of the following alternatives for determining the amount of the adjustment: a.The amount of unexpired insurance applicable to future periods is $1,700.If an amount box does not require an e...
The adjusting journal entry for Prepaid Insurance is: Note that the ending balance in the asset Prepaid Insurance is now $600—the correct amount of insurance that has been paid in advance. The income statement account Insurance Expense has been increased by the $900 adjusting entry. It is ass...
I f the supplies are charged directly to an expense when purchased, then an adjusting entry is necessary at the end of the reporting period to record as an asset the supplies still on hand.The entry for the supplies still on hand is:Supplies Dr Supplies Expense Cr 7. On 31 March, ...
No benefit can be credited to the business without recording its associated cost. In the case of a deferred expenselike prepaid insurance,an adjusting journal entry is made during each of the affected accounting periods to accurately record what the monthly cost of the premium would be. ...
The adjusting entry for prepaid expenses includes: A debit to the expense account (insurance expense, for example) A credit to prepaid expense account previously recorded. The other deferral in accounting isthe deferred revenue,which is an adjusting entry that converts liabilities to revenue. ...
but are spread over a period of time. Not alljournal entriesrecorded at the end of an accounting period are adjusting entries. For example, an entry to record a purchase on the last day of a period is not an adjusting entry. An adjusting entry always involves either income or expense ...
On the other hand, the other account will be from the income statement account, e.g., the Insurance expense account. 2. Next, one must compete precisely and arrive at the exact amount for the transaction under consideration for the adjusting entry. ...