It is the end of January 20x1. At the beginning of January 20x1 your company entered and paid a bill from Business Insurance Associates for the annual insurance premium. A copy of the bill is below along with the asset section of the balance sheet after all the month-end closing tasks have been completed. What is wrong at January 31, 20x1?

At the end of April, Hernandez Company had a balance of $35,070 in the vacation benefits payable account. During May, employees earned an additional $2,730 in vacation benefits, but some employees used vacation days that amounted to $1,920 of the vacation benefits. The $1,920 was charged to Wages Expense when it was paid in May. What adjusting entry would Hernandez Company make at the end of May to bring the vacation benefits payable account up to date?   If an amount box does not require an entry, leave it blank. Account Debit Credit Vacation Benefits Expense             Vacation Benefits Payable        Feedback   Additional Vacation benefits earned less benefits paid; balance should be debited to Vacation Benefits Expense and credited to Vacation Benefits Payable.

On August 30, JumpStart incurred the following expenses:Payment to the landlord for August rent, $640Payment to the Gas & Electric Company for August's bill, $200Payment of employee wages for the last half of August, $7,861Payment of shopping center's parking lot cleaning fee, $240 Journalize these payments as one journal entry. If an amount box does not require an entry, leave it blank. Aug. 30   - Select - - Select -     - Select - - Select -     - Select - - Select -     - Select - - Select -     - Select - - Select -

On August 1, 20x1, your company provided lawn service to Duke's Basketball Camp for $35.99.  Mr. Duke paid you with a check immediately upon the completion of the service.   When you looked at the Accounts Receivable Aging report at the end of the month, you noticed that Duke's Basketball Camp still had an open balance.   Per review of the activity in Duke's account, what was wrong with the transaction on August 1?

On August 30, JumpStart paid the following expenses: August rent, $2,300 August's utility bill, $525 Employee wages, $1,750 Parking lot cleaning fee, $27 Journalize these payments as one journal entry. If an amount box does not require an entry, leave it blank. August 30

Crane Company has the following year-end account balances on November 30, 2024: Service Revenue $37,000; Insurance Expense $2,700; Rent Expense $6,000; Supplies Expense $1,350; L. Johnson, Capital $42,000; and L. Johnson, Drawings $28,000. (a) Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. List all debit entries before credit entries.) Date Account Titles Nov. 30 Nov. 30 Nov. 30 Nov. 30 To close revenue account) < To close expense accounts) To close income summary) To close drawings account) Debit Credit | |||| |||||

Bank 'n' Roll, Inc. pays its employees once a month and records the expense at the time of payment. On May 31, Bank 'n' Roll, Inc. paid its employees $10,000 for work performed in May. The entry to record the payment includes a (Check all that apply.) Check all that apply. debit to Cash for $10,000 credit to Wages Expense for $10,000 credit to Wages Payable for $10,000 debit to Wages Expense for $10,000 credit to Cash for $10,000

At Bramble Company, employees are entitled to one day’s vacation for each month worked. In January, 70 employees worked the full month. Record the vacation pay liability for January, assuming the average daily pay for each employee is $120. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answer to 0 decimal place, eg. 2500.) Date Account Titles and Explanation Debit Credit Jan. 31

company received a deposit for $19600 last month for services to be provided in the current month, October. By the end of October the services have been provided. What does the appropriate journal entry include at the end of October?