A company received an invoice for TV advertisement, total amount to be paid 2560€. It should record this transaction:

Company sold food products in Finland for 85€ and received also cash. Transaction should be recorded:

Group controller is coming back from the group finance meeting and takes taxi from Helsinki-Vantaa airport to his home. The total amount paid for a taxi ride is 96 euros. The cost of this taxi ride for his Company is

Value added tax is ________ for a VAT liable company. (Fill in the empty space with one of the below options).

Failure to accrue interest earned as of December 31 will cause an understatement of

A company estimates that $20000 of its $500000 of accounts receivable will be uncollectible. Its Allowance for Trade Receivables presently has a credit balance of $18000. The adjusting entry will include a __________ to the Bad Debts Expense. (ignore VAT)

The supplies account has a $3000 beginning balance.  Supplies in the amount of $5000 were purchased during the accounting period.  An ending inventory revealed a $1700 balance of supplies on hand. The entry to adjust the account accordingly is

Which of the following will be included in the adjusting entry to accrue interest expense?

The Lloyd Legal Agency agreed to represent a client at a rate of $5000 per month. A six month  prepayment was required prior to the Lloyd agency beginning to work because the new client was a new business with relatively no credit history.  Payment was made and services began on November 1, 20X6. December 31, 20X6 is the end of the Lloyd agency accounting year.  What is the November 1, 20X6 entry to record the prepayment? (ignore VAT)

The Lloyd Legal Agency agreed to represent a client at a rate of $5000 per month. A six month  prepayment was required prior to the Lloyd agency beginning to work because the new client was a new business with relatively no credit history.  Payment was made and services began on November 1, 20X6. December 31, 20X6 is the end of the Lloyd agency accounting year.  What is the entry to make the necessary adjustment on December 31, 20X6? (ignore VAT)