Chapter 8- 9 Test 1.An comptroller neglects to calculate the yearly disparagement for an electric automobile pencil sharpener, which cost $30 and has an expect useful heart of five years. That is because the accountant charged the ideal $30 to the seat expense account at the magazine of purchase. Explain whether the accountant has violated the consistency, materiality, or in effect(p) divine revelation principle and assure why. 3.In the chart below, write in the numbers game of the accounts that ar debited and credited when the given adjustments are made. For items b), c), and d), assume that score clerks debited plus accounts when they veritable the appropriate invoices. |Adjustments |DR |CR | |a) Adjust for late-arriving holler shaft | | | |b) Adjust for insurance used | | | |c) Adjust for prepaid evidence | | | |d) Adjust for supplies used | | | | key outs | | |1. |Accounts Payable |7. |Supplies | |2.
|clients Account |8. |Prepaid restitution | |3. |Licence Expense |9. |Prepaid! Licences | |4. |Insurance Expense |10. |Supplies Expense | |5. |Insurance Assets |11. | call in Expense | |6. | swap Inventory | 4.Kathy Morris owns a small decorating short letter called Premium Decorating. A partially completed work cerement for Premium Decorating and supererogatory information follow directly. Additional discipline 1.Purchase invoices received in January 20-3, which pertain to goods or services received in 20-2, are for the...If you ask to get a full essay, order it on our website:
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