Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. having trouble on these ones 5) big mouth frog

Having trouble on these ones 5) Big mouth frog corporation had...

70.2K

Verified Solution

Question

Accounting

Having trouble on these ones image
5) Big mouth frog corporation had revenues of $200,000, expenses of $120,000, and dividends of $30,000. When income summary is closed the retained earnings, the ammount of the debit or credit to the retaind earning is? 6) Pappy corporation received cash of $13,500 on september 1,2010 for one years rent advance and recorded the transaction with a credit to Unearned rent. The december 31,2010 adjusting entry is? 7) Mune company recorded journal entries for the declaration of $50,000 of dividends, $32,000 increase in accounts receivable for services rendered, and the purchased of equipment for $21,000. What net effect do these entries have on owners equity? 8) Panda corporation paid cash of $18,000 on june 1,2010 for one year rent in advance and recorded the transaction with a debit of prepaid rent. The december 31,2010 adjusting entry is 9) During the first year of Wikinson Co operation all putchases were recorded as assets. Store supplies in the amount of $19,350 were purchased. Actual year end store supplies amounted to $6,450. The adjusting entry for store supplies will be

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

If 4 moles of oxygen and 2 moles of nitrogen gas occupy 12 liters at a total...

Biology
1.2K views

Why is crossing over important to Forensic Biology? Why is independent assortment important in Forensic Biology?

Biology
1.2K views

You have an Hfr strain of E. coli that contains wild-type genes for maltose catabolism and...

Algebra
1.2K views

Try It Write an inequality for the given graph 9 11 7 6 5 4...

Accounting
1.2K views

From an accounting perspective, identify and clearly explain three (3) possible motivations for companies to...

Accounting
1.2K views

Please provide work and answers in spreadsheet format, thanks! Use the information...

Accounting
1.2K views

The plant assets section of the comparative balance sheets of Anders Company is reported below....

Accounting
1.2K views

pharoah company sells office equipment on july 31, 2017 for $23270 cash. The office equipment...

Accounting
1.2K views

P Corporation and Company have announced terms of an exchange agreement under which will issue...

Accounting
1.2K views

Barlow Company manufactures three products-A, B, and C. The selling price, variable costs, and contribution...

Accounting
1.2K views

North Company budgets overhead costs for the next year of $3,600,000 for indirect labor and...

Finance
1.2K views

The Dunn Corporation is planning to pay dividends of $480000. There are 240000 shares outstanding,...