Allan Co. had the following balances on December 31, 2015: The accountant for Allan has asked you
Question:
Allan Co. had the following balances on December 31, 2015:
The accountant for Allan has asked you to make an adjustment since $500 worth of janitorial services have just been performed for customers who had paid in advance. Construct a transaction analysis chart?
Transcribed Image Text:
Cash 2,400 Janitorial Service Revenue Unearned Janitorial Service Revenue | 700 8,400|
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 52% (17 reviews)
Accounts Affected Unearn...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 978-0133133233
12th Canadian edition
Authors: Jeffrey Slater, Brian Zwicker
Question Posted:
Students also viewed these Cost Accounting questions
-
Allan Co. had the following balances on December 31, 2012: The accountant for Allan has asked you to make an adjustment since $400 worth of janitorial services have just been performed for customers...
-
Bates Co. had the following balances on December 31, 201X: The accountant for Bates has asked you to make an adjustment because $430 of janitorial services has just been performed for customers who...
-
Bates Co. had the following balances on December 31, 201X: The accountant for Bates has asked you to make an adjustment because $430 of janitorial services has just been performed for customers who...
-
During its first year, the company spent approximately $300,000 to catch 500 crocodiles. Of these, 300 crocodiles were sold and shipped to customers at a selling price of $1,000 per crocodile....
-
Use the table to evaluate each expression. (a) f (g(1)) (b) g (f(1)) (c) f (f(1)) (d) g (g(1)) (e) (g o f)(3) (f) (f o g) (6) 2. 2. (x) 3 3. 9(x) 3. 2. 2. 3.
-
Draft a letter to the publisher of the Victoria Advocate inviting the newspaper to host a public forum on Acme's proposed tank farm. For an Acme Petroleum letterhead, make up a mailing address,...
-
An advanced engineering computer was purchased for $\$ 22,750$ and its expected life is 4 years. It is estimated the company could sell the computer for $\$ 500$ after 5 years. Compute and compare...
-
Monica Sexton filed a petition for Chapter 13 reorganization. One of her creditors was Friedmans Jewelers. Her petition misclassified Friedmans claim as $ 800 of unsecured debt. Within days,...
-
Gross profit 464,000 Other income Provision for foreign exchange gain 84,000 Gain on sale of motor vehicle 28,000 Release of liability 32,000 Refund of excise duty 16,000 Investment income (gross)...
-
On December 31, Y3, Aylmer Industries Inc. purchased 85% of the outstanding shares of Belmont Inc. The purchase price is indicated on the excel file. The entry has been recorded on the books of...
-
Allan Co. had the following balances on December 31, 2015: The accountant for Allan has asked you to make an adjustment since $400 worth of janitorial services have just been performed for customers...
-
On December 31, 2016, $300 of salaries has been accrued. (Salaries before accrued amount totalled $26,000.) The next payroll to be paid will be on February 3, 2017, for $6,000. Do the following: a....
-
Alternative methods of joint-cost allocation, ending inventories. The Darl Company operates a simple chemical process to convert a single material into three separate items, referred to here as X, 4...
-
Ruby has a choice between 3 savings accounts. Savings account A has an APR of 3.9742% compounded monthly. Savings account B has an APR of 3.9886% compounded quarterly. Savings account C has an APR of...
-
Can someone explain to me these questions? How is the account balance of a savings account earning simple interest is determined. What is the difference between a savings account earning simple...
-
How do genetic interactions, including gene-gene interactions, gene-environment interactions, and gene-network interactions, contribute to the complexity of phenotypic traits and disease...
-
How to go about measuring the effectiveness of the services offered, what evidence-based tools should be used (2-3 tools), and why?
-
A bank operate savings account as per following condition: Savings accounts have a customer id, balance, and overdraft amount. A customer can withdraw an amount of money from the account, but only if...
-
Solve the inequality in terms of intervals and illustrate the solution set on the real number line. 1/x < 4
-
Which of the following gives the range of y = 4 - 2 -x ? (A) (- , ) (B) (- , 4) (C) [- 4, ) (D) (- , 4] (E) All reals
-
Indicate which of the actions (1 through 4) listed below must be taken when doing a bank reconciliation for each of the six situations (a through f) described on the following page. 1. Add to bank...
-
From the following, construct a bank reconciliation for Marx Co. as of June 30, 2013. G/L Cash balance $28,724 Deposit in transit 1,714 Bank statement balance Outstanding cheque 29,840 3,454 NSF...
-
Petty cash was originally established with $60. During the month, $10 was paid out for parking; $15 for postage; and $25 for emergency purchase of office supplies. During replenishment, the custodian...
-
EnviroSpecialists is an environmental engineering company that provides assessments of the effect of new construction and proposed development on the surrounding landscape. Customers include large...
-
Discuss the impact of cross-cultural allusions in global literature, particularly in terms of fostering understanding and dialogue between diverse communities
-
The correct entry should be Debit: Armstrong, Capital $48,000 Credit: Cash $58,000 Debit: Jackson, Capital $5,000 Debit: Tanner, Capital $5,000
Study smarter with the SolutionInn App