NLIC.org

Veronica Said:

I've received mail stating that it's from a yahoo lottery, what is it?

We Answered:

This is a scam thousands of these emails are sent every day DO NOT send any bank/personal details click the link below to see what yahoo say about this.
http://help.yahoo.com/l/us/yahoo/mail/or…
You can report this with the mail abuse form below.
http://help.yahoo.com/l/us/yahoo/mail/ya…

Sally Said:

Accounting Homework Help?

We Answered:

The following transactions occurred December 1, 2009

a) At November 30 the company owned land and a building. The land cost
24, 000 and now has a value of 32,000. The building’s cost of 88,800 is near its current value if sold. The building has an estimated life of 40 years with no residual value. It is currently 10 years old.
Not an accounting event. No journal entry required

b) Purchased a used piece of equipment for 18,000 cash. If purchased new the equipment would have cost 26,000. The estimated life is 5 year and the value at the end of 5 years is expected to be 1,800.
Dr Equipment
Cr Cash

c) The company rents excess space in its building to a tenant, Cabana Bearing. Windsor-Essex Tool received three months advance rent from Cabana Bearing in the amount of 1,500.
Dr Cash
Cr Unearned Rent Fees

d) Ordered manufacturing supplies inventory of 2,000. At November 30 an inventory of 8,000 of supplies was on hand and recorded on the books.
Not an accounting event. No entry required.

e) Purchased a 3 month note receivable from the bank in the amount of 10,000 with an interest rate of 3% per annually.
Dr Notes Receivable
Cr Cash

The following transaction occurred December 8, 2009

f) The supplies ordered in d) were delivered.
Dr Supplies
Cr Accounts Payable

The following transactions occurred December 15, 2009

g) Paid for the supplies received in f).
Dr Accounts Payable
Cr Cash

h) Sold and delivered a manufacturing tool to Ford at the price of 22,000 on account. The cost to build the tool over 4 months was 17,000 .
Dr Accounts Receivable
Cr Sales

Dr Cost of Goods Sold
Cr Merchandise Inventory

i) Windsor-Essex Tool bought a 10% interest in the common shares of Cabana Bearing for 10,000 cash.
Dr Available for Sale Securities
Cr Cash

j) Placed a deposit on a specialized piece of equipment to be built for Windsor-Essex Tool at a price of 20,000. The deposit was 4,000.
Dr Deposit
Cr Cash

The following items were noted at December 31, 2009

k) The company had purchased a one year fire insurance policy on July 1, 2009. The balance in the prepaid insurance account on November 30, 2009 for this policy was 7,000.
Dr Insurance Expense
Cr Prepaid Insurance
l) Per a physical count there are 1,000 of manufacturing supplies on hand.
Dr Supplies Expense
Cr Supplies
m) The supplier in j) reported that the tool is one half built and will be delivered in early January.
Not an accounting event. No entry is required

The following item occurred on January 16, 2010

n) Received an invoice from Union Gas for natural gas used from December 16 to January 15 in the amount of 1,000.
Dr Utilities Expense
Cr Accounts Payable

Chris Said:

i received an e-mail from the Uk lottery saying that i won 600.000 pound sterling. Is that true?

We Answered:

Did you enter the lottery?

No?

Then it's a scam, 100%.

Joy Said:

Can anyone provide info re john brewster son of jh brewster formerly jh brewsters ltd (builders) of dartford?

We Answered:

search from google or yahoo search engine. go to :

http://www.google.co.uk/

http://search.yahoo.com/

Brent Said:

Accounting Journal Entries Question?

We Answered:

a) If revaluation of building takes place:
Dr. Building $8,000
Cr. Revaluation Reserve $8,000

b) Dr. Equipment 18,000
Cr. Cash 18,000

c) Dr. Cash 1,500
Cr. Prepaid Rent Receivable 1,500

d) No transaction until received

e) Dr. Cash 10,000
Cr. Note Payable 10,000

f) Dr. Inventory 2,000
Cr. Accounts Payable 2,000

g) Dr. Accounts Payable 2,000
Cr. Cash.

h) Dr. Accounts Receivable 22,000; Cr. Sales 22,000

i) Dr. Cash 10,000; Common Shares 10,000

j) Dr.Accounts Payable, Cr. Cash

k) Dr. Insurance Expense 3,500; Cr. Prepaid Insurance 3,500

l) Dr. Manufacturing Supplies Expense 9,000; Cr. Manufacturing Supplies
9,000 calculated as follows: Nov 30 Supplies Balance 8,000 + Supplies bought 2,000 - Ending balance 1,000

m) No transactions at this stage

n) Dr. Gas Expense 1,000; Cr. Gas Payable 1,000

Lance Said:

Ive heard of freelotto.com Did I win? Or is it fake?

We Answered:

I'm pretty sure this is SPAM.
I see lots of ads like, "Get a free iPhone!" "Get a free iPod Shuffle if you can answer this question!"

It's possible it might be real, but I would highly doubt it.

Lena Said:

how much for a business license in new jersey?

We Answered:

5 Dolla!