Homework Answers
| Answer | |||
|
Journal entry: |
|||
| Date | account titles | Debit | credit |
| Jul-01 | Cash | $ 16,500 | |
| Unearned service revenue | $ 16,500 | ||
| Dec-31 | Unearned Service revenue (16500*6/36) | $ 2,750 | |
| Service revenue | $ 2,750 | ||
| T Account : | |||
| Unearned service revenue | |||
| Dec-31 | 2750 | 07-Jan | 16500 |
| 12/31 Bal | 13750 | ||
| Service revenue | |||
| Dec-31 | $ 2,750 | ||
| Please like | |||
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Brief Exercise 3-6 Your answer is partially correct. Try again. On July...
On July 1, 2020, Pina Colada Corp. pays $19,500 to Kalter Insurance Co. for a 3-year...
On
July 1, 2020, Pina Colada Corp. pays $19,500 to Kalter Insurance
Co. for a 3-year insurance contract. Both companies have fiscal
years ending December 31. Journalize and post the entry on July 1
and the adjusting entry on December 31 for Kalter Insurance Co.
Kalter uses the accounts Unearned Service Revenue and Service
Revenue. (Credit account titles are automatically indented when the
amount is entered. Do not indent manually. Record journal entries
in the order presented in the problem.)...
CALCULATOR PRINTER VERSION HACK NEXT Brief Exercise 3-06 On July 1, 2020, Splish Brothers Inc, pays...
CALCULATOR PRINTER VERSION HACK NEXT Brief Exercise 3-06 On July 1, 2020, Splish Brothers Inc, pays $24,900 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31 Journalize and post the entry on July 1 and the adjusting entry on December 31 for Kalter Insurance Co. Kalter uses the accounts Uneared Service Revenue and Service Revenue (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal...
Brief Exercise 4-7 (Part Level Submission) On July 1, 2017, Sandhill Co. pays 516,500 to Pharoah...
Brief Exercise 4-7 (Part Level Submission) On July 1, 2017, Sandhill Co. pays 516,500 to Pharoah Company for a 2-year insurance contract. Both companies have fiscal years ending December 31. Your answer is correct. Journalize the entry on July 1 and the adjusting entry on December 31 for Pharoah Company. Pharoah uses the accounts Unearned Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the...
- Your answer is partially correct. On July 1, 2020, Monty Co. pays $15,420 to Flounder...
- Your answer is partially correct. On July 1, 2020, Monty Co. pays $15,420 to Flounder Insurance Co.for a 3-year insurance policy. Both companies have fiscal years ending December 31. For Monty Co., journalize the entry on July 1 and the adjusting entry on December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts. Record journal entries...
your answer is partially correct. Try again. On July 1, 2019, Novak Corp. pays $25,500 to...
your answer is partially correct. Try again. On July 1, 2019, Novak Corp. pays $25,500 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending Decem For Novak Corp. journalize and post the entry on July 1 and the annual adjusting entry on December 31. (Credit account titles are automaticall journal entries in the order presented in the problem.) Date Account Titles Debit Credit July 1 Prepaid Insurance 25.500 cash 25,500 Dec. 31 Insurance Expense...
On July 1, 2017, Sandhill Co. pays $16,500 to Pharoah Company for a 2-year insurance contract....
On July 1, 2017, Sandhill Co. pays $16,500 to Pharoah Company
for a 2-year insurance contract. Both Companies have fiscal years
ending December 31.
a) Journalize the entry on July 1 and the adjusting entry on
December 31 for Pharoah Company. Pharoah uses the accounts Unearned
Service Revenue and Service Revenue.
(Record journal entries in the order presented in
the problem. If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts. Credit...
On July 1, 2020, Dobbs Co. pays $14,400 to Kalter Insurance Co. for a 3-year insurance...
On July 1, 2020, Dobbs Co. pays $14,400 to Kalter Insurance Co.
for a 3-year insurance contract. Both companies have fiscal years
ending December 31. Journalize and post the entry on July 1 and the
adjusting entry on December 31 for Kalter Insurance Co. Kalter uses
the accounts Unearned Service Revenue and Service Revenue. (Credit
account titles are automatically indented when the amount is
entered. Do not indent manually. Record journal entries in the
order presented in the problem.)
Brief Exercise 3-5 On July 1, 2015, Dobbs Co. pays $18,600 to Kalter Insurance Co. for...
Brief Exercise 3-5 On July 1, 2015, Dobbs Co. pays $18,600 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Dobbs Co., journalize and post the entry on July 1 and the adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1 - July 1 Prepaid Insurance Insurance Expense
Brief Exercise 3-4 On July 1, 2017, Splish Co. pays $14,760 to Blossom Insurance Co. for...
Brief Exercise 3-4 On July 1, 2017, Splish Co. pays $14,760 to Blossom Insurance Co. for a 3-year insurance policy. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Blossom Insurance Co. Blossom uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account...
Brief Exercise 3-06 On July 1, 2019, Crane Co. pays $18,000 to Bramble Insurance Co. for...
Brief Exercise 3-06 On July 1, 2019, Crane Co. pays $18,000 to Bramble Insurance Co. for a 4-year Insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Bramble Insurance Co. Bramble uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in...
On
July 1, 2020, Pina Colada Corp. pays $19,500 to Kalter Insurance
Co. for a 3-year insurance contract. Both companies have fiscal
years ending December 31. Journalize and post the entry on July 1
and the adjusting entry on December 31 for Kalter Insurance Co.
Kalter uses the accounts Unearned Service Revenue and Service
Revenue. (Credit account titles are automatically indented when the
amount is entered. Do not indent manually. Record journal entries
in the order presented in the problem.)...
CALCULATOR PRINTER VERSION HACK NEXT Brief Exercise 3-06 On July 1, 2020, Splish Brothers Inc, pays $24,900 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31 Journalize and post the entry on July 1 and the adjusting entry on December 31 for Kalter Insurance Co. Kalter uses the accounts Uneared Service Revenue and Service Revenue (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal...
Brief Exercise 4-7 (Part Level Submission) On July 1, 2017, Sandhill Co. pays 516,500 to Pharoah Company for a 2-year insurance contract. Both companies have fiscal years ending December 31. Your answer is correct. Journalize the entry on July 1 and the adjusting entry on December 31 for Pharoah Company. Pharoah uses the accounts Unearned Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the...
- Your answer is partially correct. On July 1, 2020, Monty Co. pays $15,420 to Flounder Insurance Co.for a 3-year insurance policy. Both companies have fiscal years ending December 31. For Monty Co., journalize the entry on July 1 and the adjusting entry on December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts. Record journal entries...
your answer is partially correct. Try again. On July 1, 2019, Novak Corp. pays $25,500 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending Decem For Novak Corp. journalize and post the entry on July 1 and the annual adjusting entry on December 31. (Credit account titles are automaticall journal entries in the order presented in the problem.) Date Account Titles Debit Credit July 1 Prepaid Insurance 25.500 cash 25,500 Dec. 31 Insurance Expense...
On July 1, 2017, Sandhill Co. pays $16,500 to Pharoah Company
for a 2-year insurance contract. Both Companies have fiscal years
ending December 31.
a) Journalize the entry on July 1 and the adjusting entry on
December 31 for Pharoah Company. Pharoah uses the accounts Unearned
Service Revenue and Service Revenue.
(Record journal entries in the order presented in
the problem. If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts. Credit...
On July 1, 2020, Dobbs Co. pays $14,400 to Kalter Insurance Co.
for a 3-year insurance contract. Both companies have fiscal years
ending December 31. Journalize and post the entry on July 1 and the
adjusting entry on December 31 for Kalter Insurance Co. Kalter uses
the accounts Unearned Service Revenue and Service Revenue. (Credit
account titles are automatically indented when the amount is
entered. Do not indent manually. Record journal entries in the
order presented in the problem.)
Brief Exercise 3-5 On July 1, 2015, Dobbs Co. pays $18,600 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Dobbs Co., journalize and post the entry on July 1 and the adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1 - July 1 Prepaid Insurance Insurance Expense
Brief Exercise 3-4 On July 1, 2017, Splish Co. pays $14,760 to Blossom Insurance Co. for a 3-year insurance policy. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Blossom Insurance Co. Blossom uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account...
Brief Exercise 3-06 On July 1, 2019, Crane Co. pays $18,000 to Bramble Insurance Co. for a 4-year Insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Bramble Insurance Co. Bramble uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in...
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