Question: please answer all the question, thanks Marigold Corp, records all prepayments in income statement accountsiAt April 30 , the trial balance shows Supplies Expense $2,800.

please answer all the question, thanks

Marigold Corp, records all prepayments in income statement accountsiAt April 30 , the trial balance shows Supplies Expense $2,800. Service Revenue $9,300, and zero balances in related balance sheet accounts. Prepare the adjusting entries at April 30 assuming: (Credit account vitles are automotically indented when the amount is entered. Do not Indent manuoliyj (a) $700 of supplies on hand and (b) $2,400 of service revenue should ts reported as unearned

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Miller was eating a Big Mac at a McDonald's franchise restaurant in Oregon, when she bit into a sapphire stone and injured her teeth. She sued. Where could she file suit? Who would she sue? What...

Novak Corp. records all prepayments in income statement accounts. At April 30, the trial balance shows Supplies Expense $2,300, Service Revenue $8,900, and zero balances in related balance sheet...

please please solve these question for me BE3-1 The ledger of Bacalao Company SLU includes the following accounts. Explain why each account may require adjustment. (a) Prepaid Insurance. (b)...

can someone please help me with all of them 547419 X FAIR The Accounting Cycl X G accounting cycle rea x Nah - takiyualdein...

3. Interest of 200 has accumula 4. Rent collected in advance totaling 560 has been recognized. BE3-3 Wow Advertising Company's trial balance at December 31 shows Supplies 6,700 Prepa and Supplies...

BRIEF EXERCISES BE3-1 The ledger of Bacalao Company SLU includes the following accounts. Explain why Indicate why adjusting each account may require adjustment. (a) Prepaid Insurance. (b)...

solve from no. 5 to 11 please BE3-5 On July 1, 2017, Pizner Co. Ltd. pays 13,200 to Orlow Insurance Ltd. for a 3-year insurance contract. Both companies have fiscal years ending December 31. For...

answer BE3-11 only please BE3-8 The trial balance of Tiwari Ltd. includes the following statement of financial posi- tion accounts, which may require adjustment. For each account that requires...

Prepare adjusting entry for prepaid expense. (LO 5) Prepare adjusting entry for med revenue (LO 5) Prepare adjusting entries for accruals, (LO 6) Analye accounts in an uradjusted trial balance (LO...

Current Attempt in Progress Your answer is partially correct. Oriole Company records all prepayments in income statement accounts. At April 30, the trial balance shows Supplies Expense HK$29,000,...

View Policies Current Attempt in Progress Blue Spruce Corp. records all prepayments in income statement accounts. At April 30, the trial balance shows Supplies Expense $2,900, Service Revenue $8,100,...

In June 2022, the Federal Criminal Court in Switzerland found Credit Suisse and one of its former employees guilty of failing to prevent money-laundering by an alleged Bulgarian drug trafficking ring...

Give the structure of the product expected when each of the following alcohols is subjected to MnO2 oxidation. (a) (b) CH2OH CHOH OH

40. Prices of Brands of Refrigerators. Twelve homemakers were asked to estimate the retail selling price of two models of refrigerators. Their estimates of selling price are shown in the following...

10) For a bond that pays cash interest (i.e., not a zero coupon bond), YTM is (a) always equal to the coupon rate (b) always equal to the current yield (c) is always less than the coupon rate (d) can...

How can a report writer meet the needs of both primary and secondary readers? Give a specific example. (Objective 3)

What five steps are followed when conducting business research? (Objective 3)

What can a researcher do to create a comfortable, supportive environment for a personal interview? (Objective 3)