Economics, Inc. has started its operation in late 2016. At the beginning it was generating revenue from sales commission and after it expanded its operation by providing management services. By the end of 2017 the company has hired you as independent consultant to help with comprising final balance sheet and income statement. Required: Provide ALL adjustments by the end of 2017 (all journal entries have to have account numbers). The following information has been pres

Prepare General Journal , closing entries and post to Ledger and show the balance sheet presentation of assets at December 2017 . ***Answer not Handwritten***

Sweet Acacia Metro sold 7,920 annual subscriptions on October 1, 2017 for $19 each. Prepare Sweet Acacia's October 1, 2017 journal entry and the December 31, 2017 annual adjusting entry, assuming the magazines are published and delivered monthly. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Te di

Prepare the journal entries, with appropriate journal entry descriptions, for 2020, including any required year-end adjusting entries.The company prepares annual adjusting entries.

Sweet Acacia Metro sold 7,920 annual subscriptions on October 1, 2017 for $19 each. Prepare Sweet Acacia's October 1, 2017 journal entry and the December 31, 2017 annual adjusting entry, assuming the magazines are published and delivered monthly. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Te di

Kibitz Fitness received $30,000 from customers on August 1, 2013. These payments were advance payments of yearly membership dues. Required: At December 31, 2013, calculate what the balances in the Unearned Service Revenue and Service Revenue accounts will be. Unearned Service Revenue $ Service Revenue $

|- The following selected transactions occurred during 2024 and 2025 for Arabian Importers. The company ends its accounting year on September 30. i (Click the icon to view the transactions.) Journalize all required entries. Make sure to determine the missing maturity date. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) */ H 7/1 * 7/ */ Jul. 1: Loaned $11,000 cash to Bill McCabe on a one-year, 8% note. Date 2024 Jul. 1 Help me Get more help Accounts and Explanation More info Debit Credit - 2024 Jul, 1 Loaned $11,000 cash to Bill McCabe on a one-year, 8% note. Sep. 6 Sold goods to Park Pro, receiving a 90-day, 9% note for $9,000. Ignore Cost of Goods Sold. Sep. 30 Made a single entry to accrue interest revenue on both notes. ? Collected the maturity value of the Park Pro note. 2025 Jul. 1 Collected the maturity value of the McCabe note. Print Done eck answer