ADM 1300 Midterm: Chpt-4

• School: University of Ottawa
• Department: Administration
• Course: ADM 1300
• Professor: Devinder Gandhi

Document Summary

Brief exercise 4-1 (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) Supplies used = ,500 + ,800 ,300. The journal entry for the years 2015 (b) and 2016 will be the same: ,000 per year) (c) (,000 5 = Expired in 2015 = ,000 7/12 = ,000 5/12 = ,500 (c) (1) bere ltd. Since the performance by westjet is not complete until the flight actually occurs, revenue should not be recognized until december. Westjet should recognize the revenue in december when the customer has been provided with the flight. Revenue should be recognized as each magazine is delivered. Revenue should be recognized on a per game basis over the season from april to october, since that is when the products (games) are provided to the fans. Interest revenue should be accrued and recognized by rbc financial. Group evenly over the term of the loan.