Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Problem:

Journalize the following accrued revenue transactions:

PRV Bank extended $400,000 credit at 5% interest to a customer on April 1, 2012 for one year (N/R). The principal and interest rates will be collected on March 31, 2013.

Required:

Journalize the transactions on the following dates:

April 1, 2012

Dec. 31,2012

March 31,2013

ETN Insurance Company sold an insurance policy and collected $210,000 cash on October 1, 2012 from the customer for one-year coverage.

Required:

Please journalize on the following dates:

October 1, 2012

December 31, 2012

September 31, 2013

XYZ Co. collected $1,800,000 cash (advances) from a customer on November 22, 2012 with promise to deliver merchandise on March 1, 2013. Cost or the merchandise to xyz company: $1,100,000.

Journalize on:

November 22, 2012

December 31, 2012

Delivery March 1, 2013

Provide correct solution of the given problem with step by step calculations.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91149548

Have any Question?


Related Questions in Operation Management

Research has been done on the theory and correlation of

Research has been done on the theory and correlation of emotional intelligence (EI) related to organizational success and long-term sustainability of a manager/leader in his or her career. Many leadership/management expe ...

Cnsider the following linear programming formulationmin x

Consider the following linear programming formulation: min x + 4y s.t 2y + x \geq 4 4y - x \geq -1 x \leq 5 x \geq 0 y \geq 0 (a) Graph all constraints and clearly identify the feasible region for the solution. Make sure ...

Discussion post 100 words or more easy post 500

Discussion Post 100 words or more easy post 5.00 budget. Discuss the Principle of Diversification and the benefits of diversification to an investor. Submission Instructions: Your initial post should be at least 100 word ...

1 in a paragraph describe the project audit life cycle2

1. In a paragraph, describe the project audit life cycle. 2. Imagine that you work in the human resource department at Marriott’s corporate headquarters. Your team is thinking about ways it might use My Marriott Hotel ga ...

Assignmentthese are short essay questions in order to earn

Assignment These are short essay questions. In order to earn full credit for each questions, students must be specific, support answers with facts. and provide examples where needed. At least two or more paragraphs per q ...

1 discuss a documented firms case describing unethical

1. Discuss a documented firm's case describing unethical conduct? 2. Illustrate the issue in such conduction and is it debatable or not. 3. justify what would you do if you were CEO of that company.

1 how is individual responsibility relevant to the

1. How is individual responsibility relevant to the workplace, addressed in management and business literature, in the readings during your MBA studies? Please answer within 300 words and word format only. 2. What types ...

A outline the advantages for accounting that could result

a) Outline the advantages for accounting that could result from the development of conceptual frameworks. b) Refer to the following journal article: Hines, R (1989), "Financial accounting knowledge, conceptual framework ...

According to the retail section process model spiggle and

According to the Retail Section Process Model (Spiggle and Sewall 1987), it is assumed that consumers follow five steps before the purchase of any product at the selected retail store: awareness, evoked, action, interact ...

A corporation board authorized a director wilson to

A corporation board authorized a director, Wilson, to negotiate the purchase of some land. Instead, Wilson secretly bought the land himself and sold it to the corporation for profit. After learning of the deceit, the cor ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As