MATH Math Problem Example | Topics and Well Written Essays - 250 words

Math Problem Example List multiple items in descending order of amount.) Quirk Company purchased office supplies costing 6,000 and debited Office Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed 2,400 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be Baden Realty Company received a check for 18,000 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Unearned Rent was credited for the full 18,000. Financial statements will be prepared on July 31. Baden Realty should make the following adjusting entry on July 31: On July 1, Dexter Shoe Store paid 8,000 to Ace Realty for 4 months rent beginning July 1. Prepaid Rent was debited for the full amount. If financial statements are prepared on July 31, the adjusting entry to be made by Dexter Shoe Store is Southeastern Louisiana University sold season tickets for the 2008 football season for 160,000. A total of 8 games will be played during September, October and November. In September, two games were played. In October, three games were played. The balance in Unearned Revenue at October 31 is Southeastern Louisiana University sold season tickets for the 2008 football season for 160,000. A total of 8 games will be played during September, October and November.