Question: Sunset Beauty Salon prepaid quarterly rent $9,000 on March 1. As of March 31, state the unexpired rent amount.

invoice may 15  date goods are received june 05 terms 3/10,n/30,ROG  last day of discount period_______ final day bill is due (end of credit period)

Does a customer earn a cash discount with terms 5/15, net 60 on an invoice dated April 27 that is paid on May 13

On June 20, 2021, Amy Smith, owner of Amy's Floral Shop, Inc., signed a contract to rent a retail store. As part of the contract, Amy paid four months of rent in advance. The rental rate is $3,000 per month, thus she paid $12,000 cash in advance when she signed the contract on June 20. Amy will move into the retail store on July 1, 2021, which is the start of her rental period. The company has the accounting policy that all prepaid assets are initially recorded in asset accounts. The following is a partial list of the accounts in Amy's General Ledger. These are the only accounts you need for this problem. D Cash D Prepaid Rent (asset account) D Rent Expense roblem 11 to in the Requirement 1 Prepare the General Journal entry to record the $12,000 payment made when the rental contract was signed on June 20, 2021. Requirement 2 Fill-in the amounts on the Prepaid Rent timeline. The boxes above the timeline show the amount of Prepaid Rent still remaining at various dates during the four…

Chris Phillip financial year end is December 31 each year. The following information and transactions for 2023 are as follows: Feb 1.  Paid fourteen (14) months’ rent on a lease rental contract at $35,000 per month. 1. Prepare the Journal entry and general ledger account for the above transaction. 2. Prepare the adjusting jounral entry and update general ledger account for the following transaction - Rent NOT expired on December 31, 2023, $70,000

An invoice for furniture for $1, 210.88 with terms of 2/10, n/60 is dated October 3. A. What is the last day on which cash discount may be taken? B. If paid within discount period, how much is the cash discount? C. If the discount is missed, on what day does the credit period end?

A credit sale of $1,400 is made on July 15, terms 2/10, n/30, on which a return of $100 is granted on July 18. What amount is received as payment in full on July 24? $1,400 16. $1,274 c. $1,350 d. $1,372 Assume that you are the seller. Prepare the journal entry for the July 24th payment received.

10.4 Jelly Co has sublet part of its offices and in the year ended 30 November 20X3 the rent receivable was: Until 30 June 20X3 $8,400 per year $12,000 per year From 1 July 20X3 Rent was paid quarterly in advance on 1 January, April, July, and October each year. What amounts should appear in Jelly Co's financial statements for the vear ended 30 November 20X3? Rent receivable Statement of financial position $2,000 in sundry payables $1,000 in sundry payables $1,000 in sundry payables $2,000 in sundry receivables A $9,900 $9,900 B $10,200 $9,900 C

h. Vacation pay expense for December, $10,500. Description Debit Credit i. A product warranty was granted beginning December 1 and covering a one-year period. The estimated cost is 4% of sales, which totaled $1,900,000 in December. Description Debit Credit j. Interest was accrued on the note receivable received on October 17. Assume 360 days per year. sem: Description Debit Credit

Calculate Little Pear Administration Pty Ltd’s superannuation expense for the month of September using the following information: (Show your workings for superannuation).   For month of September Employee Salary Annual Leave Sick Leave Overtime Allowance Superannuation (Show your workings) David Reed $6,100 $469 $300 $600 $180 dry cleaning   Carol Wright $3,732 - $144 $250 $50 first aid   Debra Foy $2,180 - - $445 -   Michael Green $4,920 $378 - - $250 car allowance   John Mills $11,600 $892 $446   $125 $350 travel allowance   Peter Black $400 - $15 - -   Total