Other - Business & Finance - October 2007

2007-10-03 18:29:56 · 2 answers · asked by Anonymous

these are my trial balance accounts on January 1, 2006

Cash
accounts receivable
supplies
prepaid
land
equipment
accumulated depreciation
other assets
accounts payable
notes payable
wages payable
interest payable
deferred revenue
taxes payable
contributed capital
retained earnings
service revenue
depreciation expense
income tax expense
interest expense
other expenses

these are the transactions during 2006:

1. Signed a 1,000 annual repair contract that begins on January 15, 2007
2. Cash of 6,000 was collected on May 1, 2006 for services to be rendered evenly over the next year beginning June 1, 2006
3. The company earned service revenue of 20,000 on a special job that was completed December 24, 2006. Collection will be made during January of 2007.
4. The company collected six months rent of 4,800 for storage space on September 1, 2006.

Also what are the adjusting journal entries, if any, for these transactions?

Any help is much appreciated.

2007-10-03 18:01:59 · 2 answers · asked by Chris 2

2007-10-03 17:30:43 · 1 answers · asked by .^.^./////~.~/////.^.^. . 1

2007-10-03 17:27:30 · 4 answers · asked by madison 1

Can someone please help!!!

2007-10-03 17:26:40 · 3 answers · asked by Friv 4

Hello, I am a student studying Finance.
When reading a book, I came across a sentence saying "Events in the financial system could cause an increase in spending by causing an increase in the money supply. This will happen if there is an expansion of banks and their deposit."

What I don't understand is that
How is it possible that an expansion of deposits can cause an increase in money supply ,then,an increase in spending.

because
if there is an increase in the level of deposit, which means people saving more than before.
There must be fall in money supply, what is more, With people having less money in their hands because of saving, the level of spending must be lower than before.

So, would you please let me understand how an expansion of deposit causes an increase in the money supply and ultimately an increase in the level of spending?

Thank you for reading.

2007-10-03 17:18:15 · 3 answers · asked by Anonymous

I've recently received a couple money chain-type letters, basically you make copies of the letter, send $1 to the six people on the list, get names off of a mailing list, and send out the letters to as many people as you like (they usually say at least 200). I've done something similar as a gag with friends with underwear, you send out 1 pair, and get about six back, so it's the same type of concept. Anyone know what I'm talking about or given it a try?

2007-10-03 16:57:03 · 6 answers · asked by Mommy_1030 1

describe a time when you moral values influenced the way you responded to an issue. What differences did you noitice between your logical reasoning process and your moral reasoning process? What were the possible consequences or outcomes of your decision?

2007-10-03 16:56:58 · 3 answers · asked by Anonymous

I'm a floor covering contractor and I get people trying to talk me down on the price i quoted them all the time. Why would you do that. If you go to the store and a gallon of milk says $2.99 your not going to try to hustle the cashier for a better price? I don't see why its ok to do it to me?

2007-10-03 16:35:06 · 11 answers · asked by breakfast of champions 3

Explain how companies can benefit from assessing their internal control procedures. How can internal control procedures be used to effectively safeguard a company’s cash? Explain.

2007-10-03 16:17:04 · 1 answers · asked by Anonymous

Amounts from the trial balance section are first extended to the balance sheet section?

true or false?

thanks

2007-10-03 16:15:25 · 3 answers · asked by luckyplaya23 2

for example i bought a call option strike price $20 @ $3 expire in october. so i paid 3 * 100 (1 contract) = 300
currently the stock price is 15 which is out of the money. and the same call option that i bought before now only worth $1 which is the time value. so i'm just wonder if i can sell it back to the market for $1 which i can get back $100 to stop further loss of $300 thanks for ur help

2007-10-03 16:14:45 · 1 answers · asked by netchant168 2

Amounts from the trial balance section are first extended to the balance sheet section?

true or false?

thanks

2007-10-03 16:13:57 · 5 answers · asked by luckyplaya23 2

Over what period should an addition to an existing long-lived asset be depreciated?

2007-10-03 15:32:12 · 2 answers · asked by Anonymous

2007-10-03 14:50:29 · 2 answers · asked by jimmy_beevor 1

where can i fine the general relocate package a company should offer? i am about to relocate and no idea what to ask???

2007-10-03 13:35:46 · 1 answers · asked by alex4travel 1

please and thank you

2007-10-03 13:17:19 · 4 answers · asked by enflip23 1

1.) Is this okay for an objective:
To find a company to grow that will utilize my managerial skills complemented by shinning customer service skills. In return I offer outstanding attendance and an aptitude for learning new programs, and daily duties.

2) What should I have on the cover letter?

3) should references always be upon request?

4) what format is best for a cover letter?

2007-10-03 13:09:35 · 1 answers · asked by winterpixie_13 4

2007-10-03 12:56:28 · 1 answers · asked by mitchrix 2

need answers by right now! lol thanks

2007-10-03 12:25:56 · 7 answers · asked by enflip23 1

i just received 1000 dollars from an uncle, and i'll go to the bank to exchange them for pounds, but what happens if by some reason, one of those bills is fake?? will they keep it? i just checked all of them, and they seem to be OK, but i just have some curiosity... what happens if one of those bills is fake?

2007-10-03 12:21:20 · 6 answers · asked by Anonymous

2007-10-03 11:16:29 · 3 answers · asked by your friend 1

companies

2007-10-03 10:28:38 · 2 answers · asked by wook 1

I've had several estimates on my roof and they all give different
prices.Some say I have 2 Layers of shingles, and others say I have three layers of shingles. the highest estimate was for $5,800.00 down to 4400.00 (one company came out twice and gave me two different estimates)

2007-10-03 09:36:49 · 11 answers · asked by dejaVu 1

What makes them different than bank accounts in other countries?

2007-10-03 05:30:11 · 5 answers · asked by ♫ Sweet Honesty ♫ 5

What items can I sell at various places online that I can make a good profit on? My sources to buy video games and DVDs don't allow me to make any profit since I buy them from the internet. How can I buy from the internet and resell there and make a profit? What items are the best sellers? I don't want to sell stuff like crafts or antiques but I want things that people can look for specifically like a "Playstation 2" instead of "antique brown watch".

2007-10-03 05:28:14 · 7 answers · asked by argh.pirate 1

can anyone tell me if liquidity and solvency are the same thing? and if they are different then how is solvency calculated using ratios and the balance sheet?

appreciate any quick replies.

2007-10-03 04:17:07 · 3 answers · asked by Anonymous

I thought there might be some type of census report detailing what industries, whether they are service or product industries, have the largest problem with customers either welching on their bills or continually pay 60-90-or 120 days late.

2007-10-03 04:15:36 · 5 answers · asked by Nutsogood 1

when someone comes to make a deposit, withdrawl or cash a check, when you pull up there account

what all can you see on the computer, can you see there balance,savings,checking, CDs etc....

2007-10-03 01:35:59 · 1 answers · asked by Anonymous

how do I find out?

2007-10-03 01:17:08 · 2 answers · asked by Lea 4