Business & Finance - 11 December 2007

2007-12-11 15:54:56 · 2 answers · asked by Zion 4 in Other - Careers & Employment

Hawk Bay Corporation prepares monthly financial statements. Below are listed some selected accounts and their balances on the September 30 trial balance before any adjustments have been made for the month of September.

HAWK BAY CORPORATION
Trial Balance (Selected Accounts)
September 30, 2004
————————————————————————————————————
Debit Credit
Cash $ 1,800
Accounts Receivable 6,000
Office Supplies 2,700
Prepaid Insurance 5,250
Office Equipment 16,200
Accumulated Amortization—Office Equipment $ 900
Unearned Rent Revenue 1,200
Note Payable 15,000
(Note: Debit column does not equal credit column because this is a partial listing of selected account balances.)

An analysis of the account balances by the company's accountant provided the following additional information:
1. A physical count of office supplies revealed $600 on hand on September 30.
2. A two-year life insurance policy was purchased on June 1 for $6,000.
3. Office equipment is amortized $4,500 per year.
4. The amount of rent received in advance that remains unearned at September 30 is $800.
5. The company borrowed $12,000 on August 1 and in return signed a one-year 8% note payable. No interest or principal payments are required until the note matures in 2005.

Required
Using the above additional information, prepare the adjusting entries that should be made by Hawks Bay Corporation on September 30. Include explanations with your journal entries.

2007-12-11 15:52:02 · 2 answers · asked by Anonymous in Other - Business & Finance

2007-12-11 15:49:58 · 1 answers · asked by Zion 4 in Other - Business & Finance

I have 5 months left on a year long lease. I want to move out because of issues with a guest of my roomates. He is an ex and mentally unstable so I am afraid when he is int he house. I understand that I signed the lease and I have a cosigner. IS there any law in the state of pennsylvania that would allow me to remove myself from a rental lease? I would be willing to pay a penalty. At this point I am looking at paying for 5 months rent up front and just leaving the property. If there is any chance I could pay less then the full amount that would be fantastic. I just don't want my credit ruined. PLease HELP!

2007-12-11 15:49:09 · 4 answers · asked by lovephila86 1 in Renting & Real Estate

can anyone help me to know how i can calculate a company's turnover

2007-12-11 15:45:04 · 2 answers · asked by joe 1 in Other - Business & Finance

2007-12-11 15:44:46 · 10 answers · asked by ruizvegas 1 in Credit

I found a house that I would like to purchase. The asking price is 157,500 (about average for the area). I was wondering if anyone could give me some input on how low of an offer I could make. I don't want them to think that I'm making too low of an offer because I'm not serious. However, I don't want to come across as being too eager. Any information will be appreciated!

2007-12-11 15:44:30 · 9 answers · asked by Melissa L 1 in Renting & Real Estate

which ceritfied public accounting firm examined the financial statements for ford? did the auditors report indicate any problems or was the report unqualified?


thanks. im trying to find this forever. help is appreciated with points.

2007-12-11 15:39:13 · 1 answers · asked by NotMeorYou 2 in Corporations

plz help me

2007-12-11 15:37:13 · 2 answers · asked by Handsome808 1 in Investing

2007-12-11 15:35:42 · 5 answers · asked by Anonymous in Investing

The objectives of general purpose financial reporting are to provide information useful to users for making and evaluating decisions about the allocation of scarce resources and to assist management in discharging their accountability.

Briefly discuss the notions of "Information for decision making" and "accountability".

2007-12-11 15:34:48 · 2 answers · asked by Anonymous in Other - Business & Finance

I have steady income, and now a low debt to income ratio, but no family to help or co-sign, where do I start?

I am hopeless

2007-12-11 15:33:41 · 3 answers · asked by Mary B 1 in Personal Finance

When paying for a monthly credit card bill, what would be better to do...paying the whole thing late? or paying part of last month's bill on time?

2007-12-11 15:32:06 · 5 answers · asked by puffer fish 5 in Credit

I am looking for a part-time job that I can do from home. I work full-time but I still have some time that I can spend. I have Master degree in Computer Science. Any suggestions?

2007-12-11 15:30:01 · 6 answers · asked by mparacha1021 2 in Technology

I worked as a bus driver for 2 years and getting paid $2200 gross income a month.. and after I became disabled the social security only pays me $900 a month for disability and gives me health insurance.. so I went from having a decent life to living in poverty.... why aren't they able to pay me $2200 a month instead to keep me where I was?

2007-12-11 15:24:45 · 4 answers · asked by Anonymous in United States

Is there a situation when a lender can make you come up with the difference between home value and loan value?

2007-12-11 15:23:50 · 7 answers · asked by Johnny 1 in Renting & Real Estate

are real state easier or a bank to buy a foreclosure home?

2007-12-11 15:19:09 · 1 answers · asked by lulu 1 in Small Business

recieved letter informing me i had won 69,800 dollars sent them 55.00 dollars was sent to fund for the awarding of large value gains .the 55.00 was made payable to iss in berkshire uk is this a scam

2007-12-11 15:14:40 · 3 answers · asked by tickey 1 in United Kingdom

2007-12-11 15:12:02 · 6 answers · asked by gman3015 1 in Personal Finance

I thought that only one month to prove rent expense is necessary, but now I'm being told that I may need to supply more than one month of rent proof. Is this the current policy?

2007-12-11 15:05:24 · 2 answers · asked by Janie 1 in Insurance

Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Excise Taxes
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax (42 cents per gallon)
Gross Receipts Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges, IRS Penalties (Tax on top of Tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Personal Property Tax
Property Tax
Real Estate Tax
Service Charge Tax
Social Security Tax
Road Usage Tax
Sales Tax
Recreational Vehicle Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Taxes
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-Recurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Taxes
Vehicle License Registration Tax

2007-12-11 15:04:22 · 4 answers · asked by Anonymous in United States

i am 24 and despretly want to buy a house, i have 2000.00 dollars in savings and was wandering if someone could tell me if that is enough for a down payment? and if someone like me with bad credit will be able to buy a house with the money that i have?

2007-12-11 14:54:24 · 13 answers · asked by Anonymous in Renting & Real Estate

i am looking for a new job and i want to know what my pay rate would be for $18hr,$20hr. after taxes. also does the percentage go up if my salary goes up

2007-12-11 14:44:07 · 2 answers · asked by Anonymous in United States

If I were to give one of my friends my savings account # to deposit money he owes me what is the risk? I am going to transfer the money to my checking right away and my savings only has around 5 dollars, so what can happen?

2007-12-11 14:41:50 · 4 answers · asked by ChillChillin 1 in Personal Finance

We're selling our house & have an offer & today we had a home inspection. We bought our house from the builder & it's only 3 1/2 years old & we keep it in top shape! Anyways, the inspector checked the attic & said we have a leak which hasn't gone through to the ceiling yet but it could. My husband who is a contractor in construction checked it this evening & couldn't find anything. He lifted under the insulation & checked everything, no water. The inspector only checked from right beside the attic door, he didn't go through the insulation to check. The area where he said is a leak is a slightly darker colour wood so it looks wet from a distance but it wasn't when my husband checked it. Anyways, the inspector & the buyers are coming again tommorrow with their agent & he's going to check the attic again. I'm worried that the deal might fall through b/c of this. What do you think?

2007-12-11 14:35:58 · 10 answers · asked by Another baby boy! 3 in Renting & Real Estate

Washington state, have a wage garnishment, just found out that the order has the wrong exemption $, so too much money has been deducted. Do I have any recourse?

2007-12-11 14:35:07 · 2 answers · asked by Deb 2 in Other - Business & Finance

You see I found a coupon for a local Canadian car sales joint that gives you $500 cash back on a purchase. There are no limits to how many coupons you can use or on how many cars you can use it on. Could I potentially grab up a whole lot of these coupons to get a free car?

2007-12-11 14:29:40 · 3 answers · asked by dan_james6_6 3 in Other - Advertising & Marketing

This came on the heels of watching a documentary by Aaron Russo alleging that taxes are unconstitutional and that there is no written law that says taxes must be paid. I'm curious to know what your opinions are.

http://video.google.com/videoplay?docid=-1656880303867390173

2007-12-11 14:29:01 · 7 answers · asked by it's me 5 in Other - Taxes

I am actually seeking a postion abroad, and I was hoping for help as to write a very convincing cover letter to the company. Should I write about my past experiences and educations, and also focus on why I wish to work so far away from home?

2007-12-11 14:28:00 · 1 answers · asked by Justine 1 in Other - Business & Finance

2007-12-11 14:24:22 · 2 answers · asked by StangV 2 in United States