Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 02 Aug 2017 My Price 11.00

EZ Curb Company

EZ Curb Company completed the following transactions during 2010. The annual accounting period ends December 31, 2010.

Jan. 8

Purchased merchandise on account at a cost of $14,000. (Assume a perpetual inventory system.)
17 Paid for the January 8 purchase.
Apr. 1

Received $40,000 from National Bank after signing a 12-month, 6 percent, promissory note.
June 3 Purchased merchandise on account at a cost of $18,000.
July 5 Paid for the June 3 purchase.
Aug. 1

Rented out a small office in a building owned by EZ Curb Company and collected six months' rent in advance amounting to $6,000. (Use an account called Unearned Rent Revenue.)
Dec. 20

Received a $100 deposit from a customer as a guarantee to return a large trailer "borrowed" for 30 days.
 

(TIP: Consider whether EZ Curb Company has an obligation to return the money when the trailer is returned.)
Dec. 31

Determined that wages of $6,500 were earned but not yet paid on December 31 (ignore payroll taxes).
Dec. 31 Adjusted the accounts at year-end, relating to interest.
Dec. 31 Adjusted the accounts at year-end, relating to rent.

 

Requirement 1:

For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects ( + for increase, ' for decrease, and NE for no effect) on the accounting equation

 

 

Requirement 2:

For each transaction and related adjusting entry, state whether the quick ratio is increased,decreased, or there is no change. (Assume EZ Curb Company's quick ratio has always been greater than 1.0.)

 

Answers

Maurice Tutor
(5)
Status NEW Posted 02 Aug 2017 11:08 AM My Price 11.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------sol-----------uti-----------on.-----------Ple-----------ase----------- pi-----------ng -----------me -----------on -----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be----------- ca-----------tch-----------

Not Rated(0)