Able Graphics received a $400 utility bill for the current month's electricity. It is not due until the end of the next month which is when they intend to pay it. Which of the following general journal entries will Able Graphics make to record this transaction?
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Based on the unadjusted trial balance for Glow Styling and the adjusting information given below, prepare the adjusting journal entries for Glow Styling. After completing the adjusting entries, prepare the trial balance for Glow Styling.Glow Styling unadjusted trial balance for the current year follows: Glow StylingTrial BalanceDecember 31Cash…………………………………………………. $ 4,200?Prepaid insurance …………………………………...1,480?Shop supplies .............................................................990?Shop equipment …………………………………….3,860?Accumulated depreciation-shop equipment ……….. ?$ 770Building……………………………………………...57,500?Accumulated
depreciation-building………………..?3,840Land ………………….55,000?Unearned rent………………………………………..?1,600Long-term notes payable…………………………….?50,000Common stock ……………………………….?40,000Retained earnings ……………………………….?9,860Rent earned ………………………………………….?2,400Fees earned ………………………………………….?23,400Wages expense ……………………………………...3,200?Utilities expense ……………………………………690?Property taxes expense …………………………….600?Interest expense ……………………………………4,350________Totals ……………………………………………….. $131,870 $131,870Additional information:a. An insurance policy examination showed $1,240 of expired insurance.b. An inventory count showed $210 of unused shop supplies still available.c. Depreciation expense on shop equipment, $350.d. Depreciation expense on the building, $2,220.e. A beautician is behind on space rental payments, and this $200 of accrued revenues was unrecorded at the time the trial balance was prepared.f. $800 of the Unearned Rent account balance was earned by year-end.g. The one employee, a receptionist, works a five-day workweek at $50 per day. The employee was paid last week but has worked four days this week for which she has not been paid.h. Three months' property taxes, totaling $450, have accrued. This additional amount of property taxes expense has not been recorded.i. One month's interest on the note payable, $600, has accrued but is unrecorded. Use the above information to prepare the adjusted trial balance for Glow Styling. What will be an ideal response?
Sail Metalworks Inc. is currently looking for the best vendors of metal sheets. In other words, Sail Metalworks is ________
A) preparing a general needs description B) deciding on product specification C) conducting a supplier search D) preparing an order-routing specification E) reviewing suppliers' performance
Batch level costs occur once for each unit produced
Indicate whether the statement is true or false
One of the most common ways of monitoring customers and potential customers is by using ____________.
a. Computer viruses b. Spyware c. Cookies d. Hardware