Chapter 8- 9 Test 1.An comptroller neglects to calculate the yearly wear and tear for an electric automobile pencil sharpener, which cost $30 and has an anticipate useful heart of five years. That is because the accountant charged the correct $30 to the seat set down account at the condemnation of purchase. Explain whether the accountant has violated the consistency, materiality, or lavish divine revelation principle and assure why. 3.In the chart below, write in the come of the accounts that ar debited and credited when the given adjustments are made. For items b), c), and d), assume that invoice clerks debited plus accounts when they acquire the appropriate invoices. |Adjustments |DR |CR | |a) Adjust for late-arriving earpiece shaft | | | |b) Adjust for insurance used | | | |c) Adjust for pay evidence | | | |d) Adjust for supplies used | | | | key outs | | |1. |Accounts Payable |7. |Supplies | |2.
| guests Account |8. |Prepaid restitution | |3. |Licence Expense |9. |Prepaid! Licences | |4. |Insurance Expense |10. |Supplies Expense | |5. |Insurance Assets |11. | shout Expense | |6. | swap Inventory | 4.Kathy Morris owns a small decorating agate line called Premium Decorating. A partially completed work weather sheet for Premium Decorating and supererogatory information follow directly. Additional data 1.Purchase invoices received in January 20-3, which pertain to goods or services received in 20-2, are for the...If you ask to get a full essay, order it on our website:
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