Posted on August 17, 2011. Tags: Asset, company budget, current assets, current liabilities, current liability, intangible assets, LIABILITY, long term liabilities, notes receivable, petty cash fund, Plant, Sheet, sinking fund, treasury stock, use
E5-3B (Classification of Balance Sheet Accounts) Assume that Clark Enterprises uses the following headings on its balance sheet.
(a) Current assets. (f) Current liabilities.
(b) Investments. (g) Long-term liabilities.
(c) Property, plant, and equipment. (h) Capital stock.
(d) Intangible assets. (i) Paid-in capital in excess of par.
(e) Other assets. (j) Retained earnings.
Instructions
Indicate by letter how each of the following usually should be classified. If an item should appear in a note to the financial statements, use the letter “N” to indicate this fact. If an item need not be reported at all on the balance sheet, use the letter “X.”
1. twenty-year issue of bonds payable that will mature within the next year. (No sinking fund exists, and refunding is not planned.).
2. Machinery retired from use and held for sale.
3. Discount on bonds payable. (Assume related companies to bonds payable in No. 1, above.)
4. Accumulated depreciation..
5. Salaries that company budget shows will be paid to employees within the next year.
6. Accrued interest on bonds payable..
7. Fully depreciated machine still in use.
8. Accrued interest on notes receivable
9. Premium on preferred stock
10. Copyrights
11. Unearned subscriptions revenue.
12. Stock owned in affiliated
13. Advances to suppliers.
14. Treasury stock
15. Unearned rent revenue.
16. Sales tax payable
17. Petty cash fund
18. Unexpired insurance.
THIS IS THE ANSWER THAT I GOT
1. Twenty-Year issue of bonds payable that will mature within the next year. (No sinking fund exists, and refunding is not planned)
(f) CURRENT LIABILITY
2. Machinery retired from use and held for sale
(a) CURRENT ASSETS
(e) OTHER ASSETS
3. Discount on bonds payable. (Assume related to bonds payable in No. 12)
(f) CURRENT LIABILITY
4. Accumulated depreciation
(c) PROPERTY, PLANT AND EQUIPMENT
5. Salaries that company budget shows will be paid to employees within the next year.
“X”
.
6. Accrued interest on bonds payable
(f) CURRENT LIABILITY
7. Fully depreciated machine still in use
(c) PROPERTY, PLANT, AND EQUIPMENT OR “N”
.
8. Accrued interest on notes receivable
(a) CURRENT ASSET
9. Premium on preferred stock
(i) PAID-IN CAPITAL IN EXCESS OF PAR
10. Copyrights
(d) INTANGIBLE ASSETS
11. Unearned subscriptions revenue
(f) CURRENT LIABILITY
.
12. Stock owned in affiliated companies
(b) INVESTMENT
13. Advances to suppliers
(a) CURRENT ASSET
.
14. Treasury stock
(a) CURRENT ASSET
(i) PAID-IN CAPITAL IN EXCESS OF PAR
15. Unearned rent revenue
(f) CURRENT LIABILITY
.
16. Sales tax payable
(f) CURRENT LIABILITY
17. Petty Cash fund
(a) CURRENT ASSET
18. Unexpired Insurance
(a) CURRENT ASSET
Posted in Featured Articles
Posted on August 17, 2011. Tags: Advertising, Affiliate, affiliate advertising, expert, level affiliate program, moment, shopping cart, store
I’ve looked through some of the extensions that come up when I search for “affiliate”, but so far the pretty much all seem to be for displaying affiliate advertising. I’m not an expert, but am reasonably able in Joomla, and need to find a fairly simple extension for creating a one-level affiliate program.
I know I could probably do this with PHP, but that’s well above my grade at the moment (and I have no plan to reach that level of expertise). Ideally, I’d like an extension that works well with one of the simple store/shopping cart extensions, so I can easily track purchases through affiliate advertising.
Posted in Featured Articles
Posted on August 16, 2011. Tags: Affiliate, affiliate web, CPM, Sites, web, Websites
affiliate Web Sites, PPC, PPA, CPM
Posted in Featured Articles
Posted on August 16, 2011. Tags: bath bombs, communication, communication design, creative brief, david carson, different colors, farmers markets, fun, handmade soaps, logo, Studio", surf beach, tropical scents, tropical surf, vibe
I’m working on a logo design for my own business (go figure right?) and I’m in a
graphic design related field (I work at a photo studio right now) and I majored in communication design. I’m starting a small company at farmers markets and the like and I make handmade soaps and bath bombs and fragrances and stuff. In my business plan (kind of like my creative brief) my niche is tropical and hawaiian type, beachy, fun, youthful scents and aesthetic. I’m a huge fan of David Carson, so I wanted to take some inspiration from him into my work, but I want my logo to reflect sort of a carefree, fun, tropical, surf, beach vibe, but I need help with my logo. Do you think it’s appropriate to have a beachy fun vibe to a logo that specializes in tropical scents and soaps? The soaps are all different colors, but most are bright and fun and neon in color.
I can design for a lot of other people, but I’m obviously having one heck of a time designing my own. Help please?
How can I show you guys a picture?
Posted in Affiliate Marketing 101
Posted on August 16, 2011. Tags: ANY, Cant, Don't, extra money, Isn't, market affiliate, Want
i want to make some extra money but i dont really know how. i cant spend ANY money on it so if you could provide a link that teaches me how with preferably a video but if there isnt one i will understand. i dont want people that are going to tell me theres no money to be made there because i know there is. and i dont want any answers if your not explaining how to go about getting into market affiliate or giving a link.
Posted in Featured Articles
Posted on August 16, 2011. Tags: bath bombs, communication, communication design, creative brief, david carson, different colors, farmers markets, fun, handmade soaps, logo, Studio", surf beach, tropical scents, tropical surf, vibe
I’m working on a logo design for my own business (go figure right?) and I’m in a
graphic design related field (I work at a photo studio right now) and I majored in communication design. I’m starting a small company at farmers markets and the like and I make handmade soaps and bath bombs and fragrances and stuff. In my business plan (kind of like my creative brief) my niche is tropical and hawaiian type, beachy, fun, youthful scents and aesthetic. I’m a huge fan of David Carson, so I wanted to take some inspiration from him into my work, but I want my logo to reflect sort of a carefree, fun, tropical, surf, beach vibe, but I need help with my logo. Do you think it’s appropriate to have a beachy fun vibe to a logo that specializes in tropical scents and soaps? The soaps are all different colors, but most are bright and fun and neon in color.
I can design for a lot of other people, but I’m obviously having one heck of a time designing my own. Help please?
How can I show you guys a picture?
Posted in Affiliate Marketing 101