更多“The adjustment entry for prepaid expense is to DR the prepaid account and CR the expense account.”相关的问题 第1题 Part A Directions: Read the following four texts. Answer the questions below each text by choosing A, B, C or D. (40 points) Over the last decade, demand for th...
In the journal entry above, an expense has to be recorded to show the loss. And as a contra entry against this, we have to reduce our purchases account (it is purchases for theperiodic system of inventory) or inventory account (for theperpetual system). In the end of the day the debit...
百度试题 题目MAKE ENTRY FOR THE FOLLOWING TRANSACTION. Prepaid insurance expense, $40,000.相关知识点: 试题来源: 解析 Prepaid insurance 40,000 Cash in Bank 40,000 反馈 收藏
百度试题 结果1 题目An adjusting entry could be made for each of the following except: A. Prepaid expenses. B. Depreciation. C. Owner withdrawals. D. Unearned revenues. E. Accrued revenues. 相关知识点: 试题来源: 解析 A. B. D. E.反馈 收藏 ...
as well as a $1,200 credit to cash for the full payment. For the first month of the policy, a $200 credit is made to the "Prepaid Auto Insurance" account and a corresponding $200 debit is made in the "Auto Insurance" expense account. This continues for each month the prepaid policy...
Equities – Another name for net assets. 通常,一段时间内净资产增加(减少)的原因是收入(损失)。然而,由于收入仅来自经营,将实体的普通股股份换成现金会增加净资产;它不是来自收入,而是来自所有者的额外股权投资。(经营活动引起的) 此外,现金股利的支付减少了净资产,因为它不是亏损造成的,而是从实体中提取资产...
The adjusting entry to recognize prepaid expense is necessary:A.When an expense is paid in advance.B.When an expense has been neither paid nor recorded as of the end of the accounting period.C.Whenever an expense remains unpaid at the end of an accountin
MAKE ENTRY FOR THE FOLLOWING TRANSACTION. Prepaid insurance expense, $40,000.的答案是什么.用刷刷题APP,拍照搜索答疑.刷刷题(shuashuati.com)是专业的大学职业搜题找答案,刷题练习的工具.一键将文档转化为在线题库手机刷题,以提高学习效率,是学习的生产力工具
Unearned revenue, also known as deferred revenue/income, represents revenue already collected but not yet earned. In this tutorial, you will learn how to prepare entries for unearned revenue ...
This will reduce the number of account receivables reported on the balance sheet because it is likely that the company will never receive payment for that debt. In other words, when credit losses are taken directly, a bad debts expense account is debited to reduce income and equity. Then ...