Thursday 10 November 2011

Adjusting Entries - Case 4.1 - Financial and Managerial Accounting by Williams et all 15e

Solution of the first two options are given here.
a.

No adjusting entry is needed, because although the revenue was collected in advance on September 1, it has all been earned prior to year-end. Thus, inclusion of the entire amount in revenue of the period is correct.


b.
Three months’ revenue was collected in advance on December 1 and was credited to an unearned revenue account. At December 31, an adjusting entry is needed to recognize that one-third of this advance payment that has now been earned as revenue. The effects of this adjusting entry will be to reduce a liability (unearned revenue) and increase revenue recognized as earned in the period. Of course, recognizing revenue also increases owners’ equity.
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27 comments:

  1. Muhammad Hammad Anwar10 November 2011 at 22:01

    c. Adjusting entry is required.
    d. No adjusting entries is required.
    e. Adjusting entry for depreciation is required.
    f. Adjusting entry to accure the expense is required.

    for details visit:
    www.hammad2061.blogspot.com

    ReplyDelete
  2. Nabeela10 November 2011 at 23:24

    Find the solution in my BLOG:

    http://studymcom-nabeela.blogspot.com/

    ReplyDelete
  3. Muhammad Asif11 November 2011 at 00:01

    Come and see the solution here:

    http://asif4336.blogspot.com

    ReplyDelete
  4. Hassam Ahmed15 November 2011 at 00:10

    For solution of point c,d,e,f of case 4.1 vist the following link:
    http://hassam45.blogspot.com/

    ReplyDelete
  5. Commerce Information15 November 2011 at 01:01

    for sollution of problem 4.1 b visit the following link:
    commercei.bloggerspot.com

    ReplyDelete
  6. Bilal Rafique15 November 2011 at 03:56

    For solution of case 4.1 please visit the following link

    http://bilalrafique0057/

    ReplyDelete
  7. Asad15 November 2011 at 04:48

    to see the solution of 'f' visit my blog
    http://asad34.blogspot.com/

    ReplyDelete
  8. Commerce Information15 November 2011 at 07:29

    for the solution of Entries - Case 4.1 - Financial and Managerial Accounting visit:http://commercei.blogspot.com

    ReplyDelete
  9. Fareena farheen kamran15 November 2011 at 09:34

    In my point of view all material is enough, and eassily understandable.

    visit the following link:

    http://FAREENA2070.Blogspot.com/

    ReplyDelete
  10. ADNAN15 November 2011 at 22:31

    come and find solution of case 4.7

    ReplyDelete
  11. Accounting studies15 November 2011 at 23:58

    soultion of case study 4.1 follow that link (gondaleasynotes.blogspot.com

    ReplyDelete
  12. Mueed Najeeb16 November 2011 at 23:05

    This comment has been removed by the author.

    ReplyDelete
  13. Fareena farheen kamran17 November 2011 at 07:20

    for the solution of caas#4.1. visit the following link

    http://FAREENA2070.blogspot.com

    ReplyDelete
  14. sana riaz20 November 2011 at 06:28

    This comment has been removed by the author.

    ReplyDelete
  15. sana riaz20 November 2011 at 06:33

    This comment has been removed by the author.

    ReplyDelete
  16. sana riaz20 November 2011 at 06:39

    For complete solution of case 4.1 visit following link
    WWW.sana riaz2078.blogspot.com

    ReplyDelete
  17. Mueed Najeeb20 November 2011 at 21:53

    For the solution of accounnting you can visit the following
    http://perfectsyudy0005.blogspot.com/

    ReplyDelete
  18. Hafsa Nosheen24 November 2011 at 05:24

    This comment has been removed by the author.

    ReplyDelete
  19. Bilal24 November 2011 at 21:42

    follow my link..... thank u sir

    ReplyDelete
  20. ibadurrehman24 November 2011 at 23:03

    For the Solution of points c, d, e and f visit the following link:
    http://ibadurrehman-accountinginformation.blogspot.com

    ReplyDelete
  21. Masood Ahmed2 December 2011 at 09:57

    for the solution of problem 4.5 visit the
    commerce-aid.blogspot.com

    ReplyDelete
  22. fatima.farooq3 December 2011 at 23:05

    To view the solution of case 4.1 visit:

    www.fatimafarooq2080.blogspot.com

    ReplyDelete
  23. Kanwal Awan4 December 2011 at 20:03

    for solution check out this link
    http://accountingpassout.blogspot.com/2011/12/solution-of-case-41.html

    ReplyDelete
  24. Mueed Najeeb8 December 2011 at 09:00

    you can visihttp://perfectsyudy0005.blogspot.com/t the following

    ReplyDelete
  25. shirjil akram15 December 2011 at 10:54

    for details
    http://knowledgetree2011.blogspot.com

    ReplyDelete
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