The writer is very fast, professional and responded to the review request fast also. Thank you.
User’s response: P3-32A Journalizing adjusting entries [15–25 min]Laughter Landscaping has the following independent cases at the end of the year on December 31, 2014.a. Each Friday, Laughter pays employees for the current week’s work. The amount of the weekly payroll is $7,000 for a five-day workweek. This year December 31 falls on a Wednesday.a. Details of Prepaid insurance are shown in the account:Laughter prepays a full year’s insurance each year on January 1. Record insurance expense for the year ended December 31.c. The beginning balance of Supplies was $4,000. During the year, Laughter purchased supplies for $5,200, and at December 31 the supplies on hand total $2,400.d. Laughter designed a landscape plan, and the client paid Laughter $7,000 at the start of the project. Laughter recorded this amount as Unearned service revenue. The job will take several months to complete, and Laughter estimates that the company has earned 60% of the total revenue during the current year.e. Depreciation for the current year includes Equipment, $3,700; and Trucks, $1,300. Make a compound entry.Requirement1. Journalize the adjusting entry needed on December 31, 2014, for each of the previous items affecting Laughter Landscaping.
3-32A Journalizing adjusting entries [15–25 min]Laughter Landscaping has the following independent cases at the end of the year on December 31, 2014.a. Each Friday, Laughter pays employees for…
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more