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Insignia Accounts
Thanks meghna Feb 16, 2015 at 3:30 am — Reply This article is really helpfulThe entries would be:Dr Insurer (debtor) $5,000Dr Accumulated depreciation $3,000Dr Loss $2,000Cr Delivery vehicle (asset) $10,000Later:Dr Bank $5,000Cr Insurer (debtor) $5,000 Comments for Journal Entry for Insurance Claim Click here to add your own comments Replacement by: Anonymous What if our equipments are insured on a replacement cost basisLandlords charges for overtime freight elevator service, overtime cleaning, heating, air conditioning services, and electricity are also exempt from sales or use tax because tax rules consider them as incidental to the rental of the premisesAccounting Student Jan 27, 2011 at 3:23 am — Reply How would you post the following in a general journal: Purchased a used piece of equipment for 28,000 cashSale taxes are normally collected by the seller from the purchaser on behalf of the stateFinished Goods Inventory Received Finished goods inventories could be come from inside the companyline of production (when it is a manufacturing company), or from outside of the companyfinished good purchased (when it is a retail/trading company)So here we go with journal entries Raw Material Inventory 1We’ve been a city now for less than two months, but I saw what we can do when challenges come,” said South Fulton Mayor Bill Edwards.Among those Mayor Edwards thanked was the Atlanta Chapter of the Red Cross which set up shop at the church, offering free meals to the families, working to return luggage, and helping families get to the five different hospitals where the 35 other people aboard the bus were taken after the crash.Edwards said the city is handling the investigation into the crash, but could not immediately release any detailsThese additional costs are recorded differently depending on whether the books and records of the property are kept on a GAAP or federal tax basis: On a GAAP basis, the additional billing to the tenant is included as revenue with the corresponding cost recorded as expenseOn a federal tax basis, this additional billing is not reported as revenue unless there is a profit earned on this transaction by the property, which would then be reported as revenue

2Generally, goods used in a manufacturing capacity are tax exempt because they are part of inventoryCredit the equipment account by $55,000 10 Case Example Assume that for the same lease transaction just discussed, the landlord paid $60,000 in legal fees

This means that each journal entry is recorded with two columns.For example, if a business owner purchases $100 of inventory for sale with cash, the accounting or bookkeeper records two transactions in a journal entryCare should be taken to differentiate between intangible personal properties and servicesSales = xxx [Credit]If you have a gain, credit the gain on disposal account by the amount of the gain insteadProper recording of these costs is become more critical and important since not all costs are expensed the year they are incurredsome of these are deferred and amortized over the useful or beneficial periods 9/8 Bike Parts 2500 Accounts Payable 2500 Purchased $2500 in bike partson account, payable in 30 daysUnlike the journal entry, the posting to the general ledger is a purely mechanical process - the account and debit/credit decisions already have been madeIn most leases the legal fees are paid upon signing the lease 9/17 Cash 400 Accounts Receivable 700 Revenue 1100 Repaired bikes for $1100; collected $400cash; billed customers for the balanceThe insurer pays your business $60,000 07f867cfac
Insignia Accounts

statements are the income statement and balance sheetSelect Deactivate Netflixa list of all the accounts is prepared Assurance of Brokers Commission - Legally Binding: Real Estate Brokers Forms Book a separate sheet of paper with
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