Archive for the ‘computer asset management’ Category

Do you know how to write debit and credit on a general journal?

Tuesday, July 27th, 2010

If yes, can you please help me answer these?? Please?

If you will answer the question, can you state the particulars too?

[[iknowitisbadthati'maskingthishere..!!but I really need the help!!]

I’ve already answered #1, #2 and #7. but feel free to answer them too. lol. I’m still answering the other questions. You can just pick one or two questions that you would like to answer. :]!!

This would be like confirming if my asnwers were right..for example in #1, my answer is dr. 18,000 cr. 18,000- ((18,000/36)(6))= 15,000?

is my answer right?

1. On 1 January 2007, Blair&Co. pays $18000 to Hebei Insurance Co. for a 3-year insurance contract. Both entries have financial years ending on 30 June. For Blair&Co., record the journal entry on January 1 and the adjusting entry on june 30.

2. Using the data in #1 record the entry on january 1 and the adjusting entry on june 30 for hebei insurance co. Hebei Insurance uses the accounts Unearned Insurance Revenue and Insurance Revenue.

3.On February 1, Guangxi Ltd. paid $8400 in advance for 2 years insurance coverage. Prepare Guangxi’s february 1 journal entry and the annual adjusting entry on june 30.

4, Mongolia Ltd. owns a warehouse. on May 1, the company rented storage space to a leasee(tenant) for 3 months for a total cash payment of $2700 recieved in advance. Prepare Mongolia’s May 1 journal entry and the June 30 annual adjusting entry.

5. Jiangsu Ltd’s week payroll, paid on fridays, totals $6000. Employees work a 5-day week. Prepare Jiangsu’s adjusting entry on Wednesday June 30, and the journal entry to record the $6000 cash paymet on friday July 2.

6. Included in Nigxia’s ltd’s June 30 trial balance is a note recievable for $10,000. The note is a 4-month, 12% note dated April 1. Prepare Ningxia’s June 30 adjusting enty to record $300 of accrued interest, and the August 1 journal entr to record reciept of $10, 400 from the borrower.

7. Prepare the following adusting entries at june 30 for Jilin& Co.
a. Interest on notes payable of $400 is accrued
b. Fees earned but not invoiced total $1400
c. Salaries earned by employees of $700 have not been recorded
d. Bad debt expense for the year is $900

Use the following account titles: Service Revenue, Accounts Recievable, Interest Expense, Interest Payable, Salaries Expense, Salaries Payable, Allowance for Doubtful Debts, and Bad Debt Expense.

8. (Transaction Analysis-service company) Bev Crusher is a CPA. During the firsth month of operations of her business (a sole proprietorship), the following eventsand transactions occurred.

April 2: Invested $32000 cash and equipment valued at $14000 in the business.
April 2: Hired a secretary receptionist at a salary of $290 per week payable monthly
April 3: Purchased supplies on account $700 (debit and asset account).
April 7: Paid office rent of $600 for a month
April 11: Completed a tax assignment and invoiced client $ 1100 for services rendered. (use service revenue account)
April 12: Recieved $3200 advnce on a management consulting engagement.
April 17: Recieved cash of $2300 for services completed for Ferengi Ltd.
April 21: Paid insurance expense $110.
April 30: Paid secretary-receptionist $1160 for the month
April 30: A count of supplies indicated that $120 of supplies had been used
April 30: Purchased a new computer for $6100 with personal funds. (The computer will be used exclusively for business purposes.)

This question would probably be better in the Education and Reference section.

Good luck.


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OPD Module of Medigate- Hospital Management System

Tuesday, July 27th, 2010

This is the OPD module of MEDIGATE, a complete hospital management system.For more information you can log on to http://www.chinarsoftech.co.in

Duration : 4 min 1 sec

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Time management, where did your time go?

Saturday, July 24th, 2010

http://meetbobkellogg.com Time management is crucial to your success online, here are a few ideas http://meetbobkellogg.com

Duration : 1 min 43 sec

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Reputation Management with Lee Odden at Pubcon 2008

Thursday, July 22nd, 2010

When you put yourself or your company out in the public eye, it is inevitable that you will receive criticism from at least one person. And people can just be down right cruel! However, putting yourself out there is a part of business, and you just have to learn to properly manage, monitor, and protect your reputation.

Duration : 5 min 4 sec

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Delivery: Logistics and supply chain management – challenges

Monday, July 19th, 2010


http://www.globalchange.com Virtual companies, just in time, virtual conveyor belts, integration. Global express delivery systems hard to compete with. Global courier services require huge capital and infrastructure. Competition in delivery services. Gaps in service. Faster delivery times. Logistical challenges and why online purchases are often too slow. Changing customer expectations for even faster response. Growth of same day delivery and overnight delivery. Business management video by keynote conference speaker Dr Patrick Dixon, Futurist and author of 12 books on global trends including Futurewise and Building a Better Business. Speed of change, pressure to act fast. People react emotionally under pressure. Market research, customer opinion and trend analysis. Future vision. Future of logistics and supply chain management. Future of national post offices and postal service monopolies. DHL, Fedex and UPS global competition for just-in-time courier services. Growth of air freight, …

Duration : 7 min 45 sec

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