Car accident...question about allstate insurance.?
I love it when someone else attempts to speak for what someone will or won't do (call you in an hour, call you asap). Sounds to me the claims person is extremely swamped OR not in the office. Call and speak with her FPL, using those 3 letters exactly.....chances are the FPL has already been in the file and left many notations for the adjuster to call you asap to resolve the claim. Otherwise you'll have to go thru your insurance and your insurance will subrogate against Allstate.
I need accounting help (adjusting entries)?
I am taking financial accounting in college and the class is online so the professors are useless. Here is the question that I need to solve. In each of the following transactions (a) through (c) for Romney's Marketing Company, use the threestep process given below to record the adjusting entry at year-end December 31, 2012. The process includes (1) determining if revenue was earned or an expense incurred, (2) determining whether cash was received or paid in the past or will be received or paid in the future, and (3) computing the amount of the adjustment. (Omit the "$" sign in your response.) a. Collected $3,600 rent for the period December 1, 2012, to April 1, 2013, which was credited to Unearned Rent Revenue on December 1, 2012. b. Purchased a machine for $35,000 cash on January 1, 2008. The company estimates annual depreciation at $3,200. c. Paid $4,100 for a two-year insurance premium on July 1, 2012; debited Prepaid Insurance for that amount. Then in the general journal I have to list the expense/revenue/depreciation etc and give the dollar value in credit/debit. There are only 2 lines for each letter and Im not exacttly sure what to do thanks, your help is greatly appreciated
What would be next step after taking recorded statement?
I have reported issue with local (New jersey) open to public coffee vending machine experience (Found a tooth in my hot chocolate cup!) to the vendor. Now the vendors insurance company contacted me and want to set up appointment for me to give them a recorded statement. What would be next step after my giving the statement? Is the settlement must be done in court?
Which of the following is not an actual step in the accounting cycle?
Which of the following is not an actual step in the accounting cycle? a. Financial statements are prepared b. Closing entries are journalized and posted to the ledger c. Transactions are analyzed and recorded in the journal d. Decisions are made after reviewing the financial statements
I need some accounting answers please?
which of the following statements best describes journalizing transactions? a.journalizing occurs after posting to the ledger b.journalizing must be done daily c.journalizing is the process where events of buisness are recorded in the journal d.journalizing cant be completed until the ledger accounts have been opened which of the following best describes the ledger a.the ledger is known as the book of original entry b.the ledger contains the accounts of the buisness, catergorized by account classification c.the ledger will dtermine the accuracy of information recorded in the journal d.the ledger contains a list of business transactions, arranged by date opening a ledger account involves? a.recording the account title on the ledger page b.recording the account title and account number on the legder page c.recording the account title, account number, and account balance on the ledger page d.posting the debit amount, credit amount, and source explanation to the ledger
Accounting Question help?
24. Inventory turnover b. measures the relationship between the volume of goods sold and amount of inventory carried 25. Under which method of cost flows is the inventory assumed to be composed of the most recent costs? c. first-in, first-out 26. The proper journal entry to record the receipt of inventory purchased on account in a perpetual inventory system would be: a. Jan 1 Inventory 250.00 Accounts Payable 250.00 27. Silver Co. sold merchandise to Bronze Co. on account, $23,000, terms 2/15, net 45. The cost of the merchandise sold is $18,500. Silver Co. issued a credit memorandum for $2,500 for merchandise returned that originally cost $1,900. The Bronze Co. paid the invoice within the discount period. What is amount of net sales from the above transactions? a. $20,090 28. The form of income statement that derives its name from the fact that the total of all expenses is deducted from the total of all revenues is called a d. single-step statement 29. In recording the cost of merchandise sold for cash, based on data available from perpetual inventory records, the journal entry is b. debit Cost of Merchandise Sold; credit Merchandise Inventory 30. Merchandise is sold for cash. The selling price of the merchandise is $2,000 and the sale is subject to a 5% state sales tax. The journal entry to record the sale would include c. A credit to Sales Tax Payable for $100.