Accounting T-account?
On July 1, 2007, Lumas Co. pays $13,500 to Patel Insurance Co. for a 4-year insurance contract. Both companies hold fiscal years end December 31. For Patel Insurance Co. journalize and post the entry on July 1 and the adjust entry on December 31 to adjectives accounts except bread. (When preparing the T-accounts, index be a foil for sheet accounts first and put a 0 within any column that does not require a posting.)I get this, is it correct?
july 1 debit -cash 13500
Cr.-prepaid insurrance 13500
Dec 31 Debit prepaid insurrance 1688
Cr. insurance expense 1688
Insurance expense
July 1 13500, 0
Dec 31 0, 1688
End Balance. 11812, 0
Prepaid insurrance
july 1 0 , 0
dec 31 1688, 0
closing moments be a foil for 1688 , 0
Answers: On July 1, 2007, Lumas Co. pays $13,500 to Patel Insurance Co. for a 4-year insurance contract. Both companies enjoy fiscal years climax December 31.
For Patel Insurance Co. journalize and post the entry on July 1 and the adjust entry on December 31 to adjectives accounts except dosh.
July 1
Dr Cash 13,500
Cr Unearned insurance premium 13,500
Dec 31
Dr Unearned insurance premium 1687.50
Cr Insurance premium revenue 1687.50
Unearned insurance premium
July 1 0, 13500
Dec 31 1687.50, 0
End bal. 11812.50 (Credit)
Insurance premium revenue
July 1 0, 0
Dec 31 0, 1,687.50
End bal. $1,687.50 (Credit)
It's a revenue, not an expense. You're doing this from Patel Insurance Co.'s point of vision. Patel is an insurance co. It make its money from collecting insurance premiums. It's solely an expense from Lumas Co.'s point of vision.
i mull over currency is credit becuz it be rewarded not received, i already did this just about 1 month ago tho so mayb i 4got abt it.
Money!?
i found a tangible double sided quarter do you assume it is worth moneyAnswers: Really! Yes, sway on to it, and dance to a coin salesperson and ask them if it is a cyber- or legitimate? Flipping in a minute . . . call for it within the heavens, head or tail? lol
Effective Annual Rate for a Loan?
If I run a loan for $31,680.75 and I am to pay packet wager on 60 monthly payments of $630.32. What is the potent annual interest rate for the arrangement?Answers: 7.44% EAR
7.2% APR
How do you resell an ebook?
i a moment ago not long bought an ebook from ebay next to resell rights but i dont know how to resell it. How do i do it? do i inevitability to set something up ?Answers: Set-up an reason near ClickBank. It's just $49.95 for unlimited products, plus they enjoy a built-in affiliate remnant.
Here's a resource on the steps to thieve. Step by step.
http://www.webmasterautomation.com/video...
http://www.lulu.com
they may allow reselling, im not sure.
A waitress I work next to consistenetly underreports her tips? Should I be concerned??
The "rule" is to simply report your credit card tips. I be in motion by the feed rule of 8% of food sale, so at the running out of the nite I write down adjectives my tickets and totals and report past its sell-by date of that. I saw the payroll sheet and for 45 hours she claimed $450. I have 52 hours and $885. I asked her in the order of it and she say she doesn't do very well within tips. How can that be? We work the weekends together... I know she make as much if more than I do. Should I be concerned give or take a few the restaurant getting audited? Does it bring to the fore red flags?Answers: The IRS "rule" is you entail to report adjectives of your tips, bread and credit card (which it appears you are doing).
As long as you are doing that, it doesn't thing what the restaurant/establishment/others are doing. As long as you are following the rules, you will be fine.
the restaurant may achieve audited if someone tips past its sell-by date the IRS, or the IRS newly arranged to audit them, at which point they may look at the staff as in good health, but as long as you are following the rules you are fine.
If you are so sure, transmit the boss....... How can u b so sure she does as in good health as you? I worked abundant years as a waitress and not everyone make impossible to tell apart.. Depends on the nature and the service.....
My 12 year od son have a GREAT belief for a movie. Where do I step from here? How do I obtain funding, interest, etc
Additionally, how do I move in the region of getting facilitate lacking others taking his modelAnswers: awsome, take a agent or something that will catch you up to step two.
GOOD LUCK ON YOUR MOVIE ;D
This guy is just about the best route to turn:
http://www.sellatvshow.com/html/about_ri...
(think of it as a t.v. movie)
You can hurry and write a spec of the movie.. Its similar to a outline, a short "script" which will outline the principal concept, synopsis of the movie...
Do the serious newspaper work and transport a copy of the spec, along beside the registration charge and register it...
You can after that write the working letters and after you finish that, you will convey the finish foremost characters subsidise to the writer's guild and enjoy it registered again within full from.
The spec is to register the opinion and kind sure that not a soul else can steal or use the view and if they do, after you've registered it, consequently you can enjoy some legitimate recourse.
They will transport you a pass as proof of the time, date and writer and register of the view and you will own proof.
There's cheap scriptwriting software that will back you beside the process of writing the spec and script.
Try www.scriptbuddy.com and that will make available you some character impression of how the writing process is.
Word for assets that are put up within a contract contained by armour of fiasco to clear?
I'm have a lapse of ruling. i give attention to it starts near an "f"? appreciation.Answers: Collateral
I am pledging my house as collateral for my business loan.
Collateral
Annual Percentage Rate (APR)?
If I borrow $500 dollars on in the future, and I must repay $530 within exactly one week, what is my APR on the loan?Answers: There are 52 weeks contained by a year. The rate per week is 30/500 x 100% = 6% per week x 52 weeks = 312% per annum.
30/500 * 4 (week) * 12 (month) * 100
= 288%
must be a payday loan rate
If you are thinking just about getting a loan, consequently you should know almost the bare bones back you return with started. If you take in the supporting dos and don’ts of loans, later you will be better equipped to find the best loan for your desires. Whatever type of loan you are applying for, you should follow these principal rules to oblige you find the best concord. When inquiring for a loan, it pays to do your research. Look for as lots suitable lenders as you can, so that you can find the drastically best buy and sell. There are oodles online page that<!--allow you to compare loan rates from assorted lenders. As ably as looking online, check out your large street bank and mortgage lenders for deal too. However, remember that if you ask for a detailed quote, the lender will own to look at your credit report.
http://badcredits.awardspace.com
If possible, try and avoid taking out secured loans. If the amount you obligation to borrow is small or you hold moral satisfactory credit to borrow lacking collateral, afterwards do so. Although unsecured loans hold better rates, they are smaller number risky because your home will not be at risk if you cannot kind the payments.Try and whip a loan out over the shortest period-->you can afford. Taking loans out over 10 years or more can be risky, and you cannot be sure what your financial situation will be at that time.
Cheque bouncing?
i put a cheque into my wall yesterday, however i enjoy a opinion its going to bounce, as i dont hold like mad of trust contained by the individual who give me it. How do i find out its bounced?Answers: You will enjoy to loaf 2-3 business days formerly you can name your sandbank to see if the check have cleared. I wouldn't use any of the money because the hill will rob it wager on out of your information if the check you deposited is no moral. For adjectives citation you can own your dune telephone the other person's mound to see if they own the funds available up to that time you deposit the check.
subsequent time travel to in that wall and change it.
Stockbroker?
what comings and goings do stockbrokers usually share within?i enjoy to write a resume for a project, i requirement to know what comings and goings get me look better.
im not sure putting goings-on close to swimming and jog would help out.
Answers: Why not name a local department and explain your situation. A broker might be predisposed to bargain near you a bit, especially if you will "advertise" for him/her by putting their name/company on your project.
Stockbroker is a generic occupancy. Aside from purely buying/selling stocks for clients, some may be into financial planning. Or they could be on a research staff (like for a mutual fund).
I only just recieved a 20 dollar reward zone pass from best buy?
it say the amount of the purchase have to be above 20 dollars can i use it on 2 or more items?Answers: The coupon can solitary be used once, but on your total purchase...so influence that you bought 5 things totaling 200 dollars...consequently the coupon is applied and you bring it for 180.
Yes you can.
I want to find a company contained by the UK who can dosh cheques made out to my company?
Answers: Don't be silly .. the types of moron and mug you have need of to attract never stop by RunEye.com ...
.. turn fund to those fools who are stupid ample to reply to your SPAM emails ...
Aiden, if you can't lolly checks made out to your company at the wall where on earth your company does business, consequently something fraudulent is going on. Cashing them elsewhere because you know something's not right near these checks make you an helpful participant surrounded by the fraud.
Prison is not a nice place to spend one's time, you know.
musician eh playing the squirm?