Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 27 Feb 2018 My Price 5.00

Morgan Marketing Company

Using the three-step process illustrated in the chapter,
(1) Identify the type of adjustment that is required for each of the following transactions (a) through (c) for Morgan Marketing Company
(2) Determine the amount of the adjustment
(3) Record the adjusting entry necessary at year-end December 31, 2011.
a. Estimated electricity usage at $360 for December to be paid in January 2012.
b. Owed wages to 10 employees who each worked four days at $150 per day at the end of December. The company will pay employees at the end of the first week of January 2012.
c. On September 1, 2011, loaned $5,000 to an officer who will repay the loan principal and interest in one year at an annual interest rate of 14 percent.

Answers

Maurice Tutor
(5)
Status NEW Posted 27 Feb 2018 06:02 PM My Price 5.00

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