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Text: E 2-1. The following transactions occurred during April 2016, for the Unisale Corporation. 4. $1,000 of supplies remained on hand at December 31, 2016. 5. In November, a customer paid Salem $3,000 for an order that was delivered in December. ... Access Content
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C. Office supplies of $600 were on hand at the beginning of the period. At the end of the period, $140 in office supplies remained. d. Commissions amounting to $540 were earned but not recorded or collected by year end. e. ... Return Doc
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CHAPTER 3 . The Accounting Cycle: End of the Period. Determine the timing of revenue recognition (LO3-1) The balance of office supplies, $2,700, represents the amount of office supplies on hand at the beginning of the year of $1,500 plus an additional $1,200 purchased throughout 2016. ... Access Doc
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An inventory of supplies showed that only $300 worth of supplies remained. 2. The account Prepaid Insurance must be updated to show the appropriate balance as of 12/31/2012. 3. Depreciation on the truck must be recognized. 4. ... Read Here
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The Supplies account shows a balance of 40, but a count of supplies reveals only S210 on hand. an At the 31, year-end, supplies costing remained on hand. A borrowed and Signed a requiring the pay principal and interest onApril 30, 2004. ... Return Doc
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Text: E 2-1. The following transactions occurred during April 2013, In July, the company purchased supplies for $4,500. The entry was recorded as a debit to supplies expense. Supplies on hand at the end of the year totaled $2,200. No supplies had been previously purchased. Exercise 2-6. ... Return Doc
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4-1 (SO 3) The ledger of Heavenly Cruiselines includes the following accounts. Explain why each account may require adjustment. (a) Prepaid Insurance (c) Unearned Revenue Supplies of $100 are on hand. 2. Services provided but unbilled total $900. 3. ... Read More
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ACCRUAL ACCOUNTING CONCEPTS SMH 1 Explain the revenue recognition principle and the expense recognition principle. There were $2,600 of supplies on hand at April 30. 3. Prepaid insurance resulted from the payment of a one-year policy on February 1, ... Read Content
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Tuesday February 6, 2007 Ch 4-2 - Apps.dso.iastate.edu
Office supplies were purchased during the year for $500, _____ and $100 of them remained on hand (unused) at year end c. Interest of $250 on a note receivable was earned at year-end, _____ although collection of the ... Access Doc
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Prepaid Insurance has an $800 balance prior to adjustment. By year end, c. Office supplies of $600 were on hand at the beginning of the period. Supplies available for use totaled $690. However, by year end, only $100 in supplies remained. g. Payroll for the five-day work week, ... Read Here
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Combat operations through the fall of Baghdad, on-hand supplies held by maneuver forces were lower than planned for all commodities except fuel. This was driven by of munitions delivered, supplies and munitions remained sufficient to sustain the ... Access Full Source
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