Question : 41. The adjusting entry to record accrued interest a note payable : 1197571

Accounting

41. The adjusting entry to record accrued interest on a note payable requires a debit to

A. Interest Income and a credit to Notes Payable.

B. Interest Payable and a credit to Interest Expense.

C. Interest Expense and a credit to Cash.

D. Interest Expense and a credit to Interest Payable.

42. Allowance for Doubtful Accounts is reported in the

A. Assets section of the balance sheet.

B. Operating Expenses section of the income statement.

C. Liabilities section of the balance sheet.

D. Cost of Goods Sold section of the income statement.

43. On July 1, 2013, a firm purchased a 1-year insurance policy for $1,800 and paid the full premium in advance. The insurance expense associated with this policy for the year ending December 31, 2013, is

A. $600.

B. $1,050.

C. $900.

D. $1,800.

44. On May 1, 2014, a firm purchased a 1-year insurance policy for $3,600 and paid the full premium in advance. The insurance expense associated with this policy for the year ending December 31, 2014, is

A. $3,600.

B. $2,400.

C. $2,100.

D. $1,200.

45. On January 2, 2014, a firm purchased equipment for $8,500. Depreciation expense for the year ending December 31, 2014, given the straight-line method, a 5-year useful life, and a salvage value of $1,500, is

A. $1,500.

B. $1,700.

C. $1,200.

D. $1,400.

46. On January 1, 2014, a firm purchased machinery for $17,000. Depreciation expense for the year ending December 31, 2014, given the straight-line method, a 5-year useful life, and a salvage value of $3,000, is

A. $3,000.

B. $3,400.

C. $2,800.

D. $2,400.

47. Accrued expenses are

A. paid for in one period but not fully used until a later period.

B. used in one period but not paid for until a later period.

C. paid for, recorded, and used in one period.

D. budgeted but not paid for or used during the period.

48. An adjusting entry is usually not required for a revenue item when it is

A. budgeted, paid for, and partially earned in one period but not fully earned until a later period.

B. paid for by the customer, recorded, and earned in one period.

C. paid for by the customer and recorded in one period but not fully earned until a later period.

D. earned in one period but not paid for by the customer or recorded until a later period.

49. On November 1, 2013, Paige Turner Publishing received $50,400 in cash for subscriptions covering one year, recording the entry as a debit to Cash and a credit to Unearned Subscriptions. The correct adjusting entry at December 31, 2013, is

A. Debit Subscriptions Income $8,400; credit Unearned Subscriptions $8,400.

B. Debit Unearned Subscriptions $8,400; credit Subscriptions Income $8,400.

C. Debit Unearned Subscriptions $4,200; credit Subscriptions Income $4,200.

D. Debit Unearned Subscriptions $50,400; credit Subscriptions Income $50,400.

50. The Supplies account has a trial balance of $3,136. A year-end inventory shows $1,734 worth of supplies left at the end of the year. The correct adjusting entry is:

A. debit Supplies Expense $1,734; credit Prepaid Supplies $1,734

B. debit Supplies $1,402; credit Supplies Expense $1,402

C. debit Supplies Expense $3,136; credit Supplies $3,136

D. debit Supplies Expense $1,402; credit Supplies $1,402

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July 1, 2023

Write a sample cover letter that highlights why you would be ideal for a marketing position at a Company of your pick in Florida . In the cover letter, you need to mention the position and discuss the tasks that would be required of you in that position. You can address the cover letter to either a real or fabricated person/organization. Do not address it to “To Whom It May Concern” or “Dear Sir/Madam” or anything else-generic.

Cover Letter Content: • Includes your contact information, date, salutation/greeting (with hiring manager’s full name, title, company, address), body, closing, signature - i.e., major components of a cover letter. • Components are organized logically and overall the letter is attractive. • Letter is concise. • Audience is clear; addressed to real or fabricated person/organization. • Identifies specific position and why you would be ideal for it. Discusses tasks required for that position and knowledge of potential employer. • Discusses your relevant skills, experience, etc. that will make you ideal for the position. • Includes request for interview or meeting with specific manner of follow-up/reverse call to action, note of appreciation, and mentions resume in closing.

BELLOW IS A PART OF MY RESUME TO HELP WRITE THE COVER LETTER.

Summary

Motivated sales driven rental manager focused on attaining a motivated and competitive work environment along with dynamic operating conditions. Customer service oriented and methodical with strengths in accounts maintenance.

Skills

· Key accounts and territory management

· Capital improvement planning

· Systems and automation applications

· Brand management

Experience

Enterprise Holdings | Miami, FL

Assistant Branch Rental Manager

11/2019 – 11/2020

· Remained calm and professional in stressful circumstances and when dealing with unhappy customers, effectively diffusing situations.

· Met with each associate to establish realistic monthly sales goals.

· Strengthened product branding initiatives and coordinated effective marketing campaigns.

· Reviewed employee performance every week and delivered constructive feedback to improve weaknesses.

· Upheld internal standards and productivity goals to meet sales and growth targets.

· Identified growth areas requiring immediate improvement and rolled out marketing program, boosting branch's fleet 16%.

· Executed non-negotiable strategies to foster better customer service and promote positive and engaging environment for all.

· Drove profit increases by leveraging market knowledge and natural leadership talents.

Enterprise Holdings | Miami, FL

Management Trainee

05/2019 - 11/2019

· Ranked 1st place on the sales performance ranking for 4 consecutive months with a total additional revenue of $160,000.

· Achieved a 4-month Customer Service score of 87%, 3 points above corporate average.

· Ran daily sales reports to assess performance and make proactive adjustments.

Equinox | Miami, FL

Sales Associate

10/2017 - 06/2018

· Arranged special accommodations for guests to maintain optimal satisfaction

· Managed all front desk operations for busy high-volume Health Club.

· Confirmed transactional data by verifying name and payment information and clearly communicating costs and fees to patrons.

· Participated Management Assistance, handling member's accounts and payments.

· Supported Membership Advising participating in more than 100 memberships sold.