Answered Essay: nscribed image textConsider the following situations for Shocker. a. On November 20, 20

Consider the followirg situations for Shocker a. On Noveriber 20, 2018, Shocker receives a $4,500 payment frorri a cuslorier for services tobe redered everily over Uhe rnext three mons. Deferrd Revenue is credi ted b On December 1, 2018, the company pays a local radio station $,70o for 30 radio ads that were to be aired, 10 per month, throughout December, January, and February Prepaid Advertising is debited c. Employee salaries for the month uf Dauerter lolali㎎ S8,000 will be paid on January 7, 2019. d On August 31, 2018. Shocker borrows $70 (XX) trom a local bank A note ls signed with pnncipal and 9% Interest to be paid on August 31 2019 Required: Indica B by how much the assets. Il llilies and s oc holders equity in廿16 ec rnber 31. 2018, balance sheel is higher or l wer if lhe a usunenl is nul recorded. If none o e categories apply or a particular item leave the cell blank. Assets Equity $1,500Higher 1,500 Lower Higher B,000 ligc a. ao Higher 3,000 Lower 100 Lower C. d. 2,100 Tolal S g00Higher ligher Hints References eBook & Resourcestranscribed image textConsider the following situations for Shocker. a. On November 20, 2018, Shocker receives a $4,500 payment from a customer for services to be evenly over the next three months. Deferred Revenue is credited. b. On December 1, 2018, the company pays a local radio station $2,700 for 30 radio ads that were to be aired, 10 per month, throughout December, January, and February Prepaid Advertising is debited. c. Employee salaries for the month of December totaling $8,000 will be paid on January 7, 2019. d. On August 31, 2018, Shocker borrows $70,000 from a local bank A note is signed with principal and 9% Interest to be paid on August 31, 2019. Indicate by how much the assets, liabilities and stockholders’ equity in the December 31, 2018, balance sheet is higher or lower if the adjustment is not recorded. (If none of the categories apply for a particular item, leave the cell blank.)

Expert Answer

Assets                           = liabilities                        +                   Sotckholder’s Equity
a) 0 None 1,500 higher 1,500 lower
b) 900 higher 0 none 900 higher
c) 0 none 8,000 lower 8,000 higher
d) 0 none 2,100 lower 2,100 higher
totals 900 higher 8,600 lower 9,500 higher
Buy Essay
Calculate your paper price
Pages (550 words)
Approximate price: -

Help Me Write My Essay - Reasons:

Best Online Essay Writing Service

We strive to give our customers the best online essay writing experience. We Make sure essays are submitted on time and all the instructions are followed.

Our Writers are Experienced and Professional

Our essay writing service is founded on professional writers who are on stand by to help you any time.

Free Revision Fo all Essays

Sometimes you may require our writers to add on a point to make your essay as customised as possible, we will give you unlimited times to do this. And we will do it for free.

Timely Essay(s)

We understand the frustrations that comes with late essays and our writers are extra careful to not violate this term. Our support team is always engauging our writers to help you have your essay ahead of time.

Customised Essays &100% Confidential

Our Online writing Service has zero torelance for plagiarised papers. We have plagiarism checking tool that generate plagiarism reports just to make sure you are satisfied.

24/7 Customer Support

Our agents are ready to help you around the clock. Please feel free to reach out and enquire about anything.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

HOW OUR ONLINE ESSAY WRITING SERVICE WORKS

Let us write that nagging essay.

STEP 1

Submit Your Essay/Homework Instructions

By clicking on the "PLACE ORDER" button, tell us your requires. Be precise for an accurate customised essay. You may also upload any reading materials where applicable.

STEP 2

Pick A & Writer

Our ordering form will provide you with a list of writers and their feedbacks. At step 2, its time select a writer. Our online agents are on stand by to help you just in case.

STEP 3

Editing (OUR PART)

At this stage, our editor will go through your essay and make sure your writer did meet all the instructions.

STEP 4

Receive your Paper

After Editing, your paper will be sent to you via email.