Bamboo Consulting is a consulting firm owned and operated by Lisa Gooch. The following end-of-period spreadsheet was prepared for the year ended July 31, 2019: Bamboo Consulting End-of-Period Spreadsheet For the Year Ended July 31, 2019 Adjusted Trial Bal Enter your search term Unadjusted Trial Balance Adjustments
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- Reversing Entries The following represent adjusting entries prepared for Sky Advertising Company at December 31, 2018 (end of the accounting period). The company has the policy of using reversing entries when appropriate. For each adjusting entry below, indicate if it would be appropriate to reverse it at the beginning of 2019. Your answer should be "Yes" or "No" for each adjusting entry, if no, state why? Use the table on the cover page to fill in your answers. 1. 2. 3. 4. Adjusting Entries Dr. Bad Debt Expense........ …..........................1,000 Cr. Allowance for Doubtful Account 1,000 Dr. Unearned Rental Revenue................. Cr. Rental Revenue... Dr. Advertising Supplies.............. Cr. Advertising Supplies Expense... Dr. Interest Receivable........ Cr. Interest Revenue.......... 900 ..500 250 900 500 250Appendix: Completing an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. Complete the following end-of-period spreadsheet for Alert Security Services Co.: If an amount box does not require an entry, leave it blank. Alert Security Services Co. End-of-Period Spreadsheet (Work Sheet) For the Year Ended October 31, 20Y7 Account Title AdjustedTrial BalanceDebit AdjustedTrial BalanceCredit Income StatementDebit Income StatementCredit Balance SheetDebit Balance SheetCredit Cash 12 fill in the blank 1 fill in the blank 2 fill in the blank 3 fill in the blank 4 Accounts Receivable 103 fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8 Supplies 4 fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 Prepaid Insurance 2 fill in the blank 13 fill in the blank 14 fill in the blank 15 fill in the blank 16 Land 190 fill in the blank 17 fill in the blank 18 fill…ezto.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps%252Fportal%252Fframeset.jsp%25 Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $41,100; accounts payable, $29,100%; merchandise inventory, $15,100; Joe Ryan, capital, $48,200; and equipment, $21,100. LONG PRINT SHOP Balance Sheet December 31, 2020 Assets Liabilities ces Owner's Equity Total assets Total liabilities and owner's equity acer Σ
- Crane Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During November 2022, Crane sells 5,400 subscriptions for cash, beginning with the December issue. Crane prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December 31 year-end.On January 1, 2020, Corgan Company acquired 70 percent of the outstanding voting stock of Smashing, Inc., for a total of $980,000 in cash and other consideration. At the acquisition date, Smashing had common stock of $790,000, retained earnings of $340,000, and a noncontrolling interest fair value of $420,000. Corgan attributed the excess of fair value over Smashing's book value to various covenants with a 20-year remaining life. Corgan uses the equity method to account for its investment in Smashing. During the next two years, Smashing reported the following: Inventory Dividends Purchases from Net Income Declared Corgan $190,000 210, 000 $240, 000 $44,000 54,000 2020 2021 220,000 Corgan sells inventory to Smashing using a 60 percent markup on cost. At the end of 2020 and 2021, 50 percent of the current year purchases remain in Smashing's inventory. a. Compute the equity method balance in Corgan's Investment in Smashing, Inc., account as of December 31, 2021. b. Prepare the worksheet…Analyze each of the following transactions in terms of their effects on the accounting equation of Osgood Delivery Service. Enter the correct amounts in the columns of the spreadsheet
- The following data were taken from the financial records of Pharoah Company. Net sales Beginning inventory Purchases Ending inventory (a1) 2022 $6,310,000 905,000 Inventory turnover 5,137,500 1,080,000 Your answer is correct. 2021 $6,180,000 Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2022 820,000 4,742,500 905,000 5.0 times 2021 5.4 timesJournalize reversing entries on October 1, 2020, if applicable journalize closing entries on September 30,2020 Prepare the company’s post-closing trial balance as at September 30, 2020Sales in Gallons Year Magnificent Marvelous 2014 424,000 None 2015 425,000 None 2016 413,000 226,560 2017 453,000 259,000 2018 440,000 295,700 Projected Selling Price for 2019 per gallon Magnificent Marvelous $14.50 $18.75 Inventory and Material Information Beginning Inventory Desired Ending Inventory Cans 59,140 cans 62,170 cans Pigment Magnificent 64,300 lbs. 72,000 Marvelous 50,400 55,700 lbs. Finished Good Inv. Magnificent 33,500 gal. 36,000 gal. Marvelous 25,890 gal. 29,000 gal. 2018 Prices Cans $0.50 Super pigment $2.85 per pound Stupendous pigment $3.90 per pound Expected 2019 Prices Cans $0.03 increase over 2018 prices Super pigment $0.15…
- KA. Using the public company, you chose for the Topic 4 assignment (The Home Depot, INC) determine the filing requirements and deadlines based on its fiscal year-end. Specifically, what type of filer is the company? What types of filings are required? What are the company's deadlines for filing its 10-K, 10-Q, and 8-K? Why does the company need to file based on these specifications?writedown the answer please