Question: Can i also get the datils to explain how come get the answers? 1 2 3 4. 5 A truck was purchased for $45,100 on

Can i also get the datils to explain how come get the answers?

Can i also get the datils to explain how come get the

1 2 3 4. 5 A truck was purchased for $45,100 on May 4 of this year and has an expected useful life of 5 years and a salvage (trade in) value of $3,100. A car insurance policy was paid for in advance for 5 months on May 1. The total cost is $2,200. At the end of the month, show the adjusting entry. By May 31, wedding planning services worth as $4,400 had been provided to John for which no cash has been received and no bills have been sent. The beginning supplies on March 1 was $1,500. One purchase of supplies was made for $1,200. The ending inventory of supplies was determined by physical inventory to be $900. Mohammed Ali paid $3,960 for 12 catering services to be delivered. By the end of the month he has delivered 5 of the sessions. A rent contract was paid in advance for 6 months on March 1. The total cost is $8,820. At the end of the month, show the adjusting entry. $3,900 worth of food was in the storage room in the beginning of the month. During the month $3,100 of food was purchased and end of the month $2,200 remained. Ted worked for an eductional tutoring company for $17 dollars an hour and works 8 hours a day Thursday to Sunday. Staff are paid bi-weekly for work. Bank loan provides $7,560 in annual Interest. What is the banks interest income for the month? Interest on the bank loan is set at 7% of $12,100 annually. One month of interest has accrued. 6 7 00 8 9 10

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