South Seas Fisheries had the following additional information at its November 30, 2014, year-end:a. The Unearned Revenue account showed a balance of $62,000, which represented four months of services paid in advance by a client for services beginning on October 15, 2014.b. The payroll register showed the following unpaid amounts as at November 30:c. The November utility bill in the amount of $2,160 was unpaid and unrecorded at November 30.Required Prepare the appropriate entries at year-end based on the above information.Analysis Component: If the above entries are not recorded on November 30, 2014, what is the effect on the income statement and the balance sheet? Identify which GAAP would beviolated.
South Seas Fisheries had the following additional information at its
Using budget data, how many Apple iPhone 4’s would have to have been completed for Danshui Plant No. 2 to break even? 2. Using budget data, what was the total expected cost per unit if all manufacturing and shipping overhead (both variable and fixed) were allocated to...