Archive for October 7th, 2007
Open Question: What formula would I use for the following problem?
Sunday, October 7th, 2007Open Question: How can I protect my estate, when I was just placed in a nursing home using medicaid and medicare?
Sunday, October 7th, 2007Open Question: Can you help me with a finance question?
Sunday, October 7th, 2007Open Question: Does it cost money to shift funds around in a 401k portfolio?
Sunday, October 7th, 2007Open Question: Can my kids under 18 open their own high-yield on line savings accounts?
Sunday, October 7th, 2007Open Question: need help with bankruptcy 13 -?
Sunday, October 7th, 2007Open Question: What are the total expences after the adjustments from the entries below?
Sunday, October 7th, 2007 Slater Photography account balances at 12/31, 20×4, before recording adjusting entries:
cash $26,667 debit
prepaid insurance $450 debit
film on hand $250 debit
cameras $20,000 debit
accumulated depreciation - cameras $3,667 credit
accounts payable $7000 credit
unearned revenue $5,700 credit
note payable $3000 credit
capital stock $1000 credit
retained earnings $5800 credit
dividends $1200 debit
revenue $28000 credit
utilities expense $3200 debit
salaries expense $2400 debit
insurance policy is dated 12/1; the monthly insurance is $50.
film on hand on 12/31, 20×4, was $180
cameras were purchased on 1/1; 20×4. with an estimated life of 5 years.
the balance in unearned revenue is $2000.
interest owed by not paid on the note was $30.
salaries owed but not paid at 12/31 were $2000.