Adjusting entries

Facts Runway Discount (Runway) has instituted the “Refer-a-Friend” program in order to increase its customer base. When existing customers refer a new customer to Runway’s website and the new customer purchases Runway merchandise, the existing customer receives a $25 referral credit toward their next purchase. This program does not have any restrictions and is open to all existing Runway customers. Runway believes the $25 referral credit is the fair market value of the cost that would be…

periods when the corresponding amount of revenue is apperceived, with no offsetting expense. Thus, a company that does not utilize depreciation will have front-loaded expenses, and astronomically variable financial results.’ The regular journal entry to record depreciation is a debit to Depreciation Expense (which appears on the income statement) and a credit to accumulated depreciation (which appears as a contra account in the balance…

the meters are read in February. There must be an adjusting entry to increase revenues that were earned in January and the receivables that the utility has a right to as in January 31. Example for accrual expense is an employee's bonus which is earned in 2010, but will not be paid until 2011. The 2010 financial statements need to reflect the bonus expense and the bonus liability. Prior to issuing the 2010 financial statements an adjusting entry is used to record…

Introduction This is my first journal entry and it will be about how well I am adjusting to life in terms of well-being, balancing your priorities, developing my identity, and coping with stress with what I have learned thus far in my psychology course. Adjusting to life in terms of well-being Life! I don’t think that no one person can truly say that they are truly happy and satisfied with their lives to the point of them not wanting to make any more changes or improvements. For me I’m trying…

Introduction This literature review will analyze the various sources of knowledge on the factors affecting the entry of Latino immigrant families into the child welfare system. Understanding the factors affecting this group is important as they are a growing population in both the United States (U.S.) and child welfare system. Thus, more knowledge needs to be known on what affects this population if new interventions are to be created. The themes presented below were all selected from current…

Life is tougher than civilian, the challenges that are faced by veterans after the military has been witnessed over and over again, it is still an ongoing process, that has is not being addressed adequately. (Moran) Most veterans might find it impossible to adjust to civilian life, after living in the tough environment of the military, whatever branch of service that they were in. Whether it be, Air Force, Navy, Air Force, or Marine, the individual that participated in the occupation, had a…

health record (EHR) system. During this process, the committee would meet a few hours a week, to determine their strategies. It started with scanning external and internal environments; the polite committee consist of the CEO, mangers, nurses, data entry clerk, and insurance…

Kindergarten or pre-school registers pupils from age 2 to age 6, and prepare them for entry into primary school. Every pupil must pass through this stage regardless of your age. Primary or elementary school take students aged 6 to 11. It’s a six years long of studies. This is where pupil learn to write, read and learn a little about general education. To advance to College or middle school which is four years long an entry exam called CEPD (Certificat D’édude du Premier Degré) is conducted at…

there are some fundamental distinctions between these two notions. Bookkeeping implies a more administrative work of keeping financial recording and retaining documentation for transactions. Many bookkeepers begin with performing functions of data-entry clerks and then by gaining more experience in the field, their role within a company may evolve into being an accountant. The functions of an accountant are more subjective. Their work may also involve reporting and business analysis…

the authors, to America about what the nation can achieve if we work together. It portrays America to be on a slow decline both economically and politically based on a fall in high-tech advancements, its difficulty in adapting to globalization, adjusting to the informal technology revolution, coping with large and soaring budget deficits because of the increasing burdens on the government, and managing the increasing energy consumption/rising climate threats. The authors gave some hope…