the following information is available for the higgins travel agency

The adjusting entry to record the salaries earned due to employees for services provided but unpaid at the end of the accounting period affects the accounts in which of the following ways? Please provide the following information, and a representative from Higgins Travel Leaders will contact you as soon as possible to arrange payment.. Domestic travel (travel solely within the U.S. 50 and travel to/from the U.S. Virgin Islands and Puerto Rico, effective for travel on/after October 1, 2020) Applicable Dates. She purchased the house on January 1, 2021, for $150,000 and continued to occupy it through June 30, 2022. Brad is also a Commercial Lines Risk Advisor with areas of expertise in Agribusiness, Public Entity and Alternative Risk Transfer, including captives. The following information is available for the Higgins Travel Agency. For Cabin to Cabin Travel New travel … You have just been You have just been advised that your organization is opening an office in Québec. If your request is within 48 hours prior to the wedding, please contact us at 1-800-274-7790. 2. After the closing entries have been journalized and posted, what will be the balance in the Retained Earnings account? Your package may be pre-arranged – consisting of a number of services combined by a tour operator or travel agent – or you may have a more customised packageby choosing the services yourself before the contract is concluded. Does the question reference wrong data/report .The letter needn’t be long, but you should be specific about what places you wish to visit, how long you wish to stay, when you would like to go, and any special activities you might like to engage in. 2. Question: The Following Information Is Available For The Higgins Travel Agency. Our travel agent sales staff will work closely with you and your clients to ensure the planning and reservation process goes smoothly. *Bookings are pre … One travel agent can travel per authorization; there are no companion discounts. The capacity, condition, or state of acting or of exerting power. Brad joined Higgins Insurance in January of 2013, becoming a partner in the agency in 2016. After preparing and posting the closing entries for revenues and expenses, the income summary account has a debit balance of $36,000. Travel agency templates have different forms, and that includes agency flyers , business cards , bi-fold brochures , vouchers , fax papers, sales plans, and banners . E. $130,00 0. After closing entries are posted, what will be the balance in the Retained earnings account? Flagg records adjusting entries at its December 31 year-end. $184,50 0. The owner of two Minnesota travel agencies is accused of defrauding at least 36 travel agents out of nearly $500,000, according to a federal indictment released Wednesday. Net Income= Total revenue- Total expenses, (Hide this section if you want to rate later). © 2007-2020 Transweb Global Inc. All rights reserved. The following services and amenities are currently not available… Question The following information is available for the Higgins Travel Agency. 0. Explain how employee behavior could be adversely affected when actual-to-budget comparisons are used as the basis for performance evaluation. Yes, if you are an employee of an agency as defined in §301-1.1 of this chapter, you must use the E-Gov Travel Service when your agency makes it available to you. If throughout an accounting period the fees for legal services paid in advance by clients are recorded in an account called Unearned Legal Fees, the end-of-period adjusting entry to record the portion of those fees that has been earned is: Debit Unearned Legal Fees and credit Legal Fees Earned. Debit Salaries expense $30,000; credit Cash $30,000. Tickets must be generated through the travel agency. Prepare the journal entry on January 3 to record payment assuming the adjusting and reversing entries were made on December 31 and January 1. Get directions, reviews and information for Higgins Travel in Neillsville, WI. The following information is available for the Higgins Travel Agency. Reviews (715) 743-6100. Traffic Operations All requests for traffic controls, such as stop, yield, parking, speed signs, traffic signals are analyzed by the Transportation Division. A company made no adjusting entry for accrued and unpaid employee wages of $28,000 on December 31. Were the solution steps not detailed enough? Discuss the flow of cash through the transaction cycles. Get it solved from our top experts within 48hrs! • $300 for Van's eyeglasses. ACTION: 30-day information collection notice. C. Lipsky, Withdrawals... 200 z Accounts Receivable.... 1,200 Long-Term Liabilities.... 400 C. Lipsky, Capital. Higgins Travel Leaders We are your expert guides, personal travel advocates, and internet interpreters that can tailor a vacation to what makes sense for YOU! The following information is available for the Higgins Travel Agency, Inc. After these closing entries what will be the balance in the Retained Earnings account? 2 years ago, Posted Question 13 Encik Aril, the owner of ARICO Trading has appointed you as an accounts clerk to help him prepare the financial statements of his business. This result implies that Cleaver earned a net income of $4,200. 175,900 (retained earnings + net income - dividends 137,000 + 56,500 - 17,600) (Do not include the... ACC514 EXTERNAL REPORTING Session 202060 Additional Assignment DUE DATE: 4 January 2021 You are required to complete ALL the following questions. A travel agency template is a material that helps travel agencies increase their partnerships, collaborations, and client relationships. This oversight would: If a company mistakenly forgot to record depreciation on office equipment at the end of an accounting period, the financial statements prepared at that time would show: assets, net income, and equity overstated. Start Preamble AGENCY: Office of the Assistant Secretary for Health Affairs, DoD. agency (countable and uncountable, plural agencies) . Human travel advisors remain an excellent resource for travel information, special offers, and recommendations. Van pays the following medical expenses this year: • $1,500 for doctor bills for Van's son who is claimed as a dependent by Van's former spouse. Which of the following statements is true? T/F: Prior to recording adjusting entries at the end of an accounting period, some accounts may not show correct balances even though all transactions were properly recorded. Give a Gift to a Couple You have expressed an interest in giving a gift to one of our honeymooners. Employee number in travel agency and tour operator services in Norway 2011-2018 Number of employees in travel agencies in Hungary 2008-2017 Brazil: number of travel … 10 days ago. This hotel package is available for weekend stays (Friday, Saturday, or Sunday nights) for travel through February 29, 2020. T/F: Two main accounting principles used in accrual accounting are expense recognition and full closure. In both cases, EU rules ap… 1. Our commitment to natural, innovative nutrition drives us to make the right choices for you and your pet. The entry to close the income summary account will be: Debit Retained earnings $36,000; credit Income Summary $36,000. Some hotel services may not be available or may be limited during your visit. At Higgins Agency Group, our unique approach allows us to customize a benefits solution for your organization better. US Travel Agency Seven-Day Air Ticket Volume and Other Variances Ending November 15, 2020 ARLINGTON, Va. – November 16, 2020 – Airlines Reporting Corp. (ARC) today reported the following consolidated airline ticketing volume variances, compared to the same period in 2019. Accounting Exam 2 Flashcards - Questions and Answers | Quizlet Noun []. Get plagiarism-free solution within 48 hours, Submit your documents and get free Plagiarism report, Your solution is just a click away! Question 13 Encik Aril, the owner of ARICO Trading, has appointed you as an accounts clerk to help him prepare the financial statements of his business. 6 years ago, Posted He is Vice President of Sales, with agency production and business development being his primary focus. 0. After these closing entries what will be the balance in the C. Higgins, Capital account? 0. Travel on the Acela (both Business Class and First Class), Auto Train, Business Class on Regional service and in sleeping accommodations is limited to one trip per year. Until then, you must use your agency's existing Travel Management Service (TMS) to make your travel arrangements. 4-10 and 4-11. This means we actively seek out high-end ingredients that we know your pet will love, while promoting their overall health. After closing entries are posted, what will be the balance in the Retained earnings account? Answer to: The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. T/F: The cash basis of accounting commonly increases the comparability of financial statements from period to period. After closing entries are posted, what will be the balance in the Retained earnings account? Net Income C. Higgins, Capital C. Higgins, Withdrawal $ 62,500 140.000 20,000 Multiple Choice $57600 $222,500 597500 $162.500 Contact us to learn more about our full-service insurance company and our services. 11 days ago, Posted Prepare an income statement and an owner's equity statement for the 2 months ended december 31, 2016 and a classifieed balance sheet at december 31, 2016. Net Income $42,500 Retained earnings 130,000 Dividends 12,000 A. The following information is available for the Higgins Travel Agency. D. $160,50 0. Ask a Similar Question. Synonyms: action, activity, operation 1695, John Woodward, An Essay toward a Natural History of the Earth and Terrestrial Bodies, especially Minerals, &c A few advances there are in the following papers tending to assert the superintendence and agency of … 2,700 Insurance Expense 100 Make Lipsky Insurance Agency's closing entries, as needed, for these accounts. The ledger of Avril Company includes the following accounts with normal balances: L. Avril, Capital $6,000; L. Avril, Withdrawals $400; Services Revenue $10,000; Wages Expense $5,200; and Rent Expense $800. Based on the information in the trial balance, the after closing balance in the retained earning account will be $1, 400 $300 $700 $200. After closing entries are posted, what will be the balance in the C. Higgins, Capital account? 8 days ago, Posted A broad principle that requires identifying the activities of a business with specific time periods such as months, quarters, or years is the: Interim financial statements refer to financial reports: that cover less than one-year, usually spanning one, three or six month periods. An agent can either work for a large, established agency, such as American Express, AAA Travel, or Travel Leaders, or they can work as freelancers. Prepare the January 1 journal entry to reverse the effect of the December 31 salary expense accrual. This information must be provided to the state- The following information is available for the Travis Travel Agency. Describe the employer contributions that are specific to the province of Québec, their rates and thresholds where available. $184,50 C. $99,50 D. $160,50 E. $130,00 0. At Higgins, We Care About What Your Pets Eat We craft our foods with the utmost care for your pet’s well-being. Get it Now, By creating an account, you agree to our terms & conditions, We don't post anything without your permission, Looking for Something Else? • $900 for Van's dental work. This request to a travel agency for trip planning sample letter is designed to help you follow up with your travel provider about a possible trip you are interested in taking. Affected Area(s) To/From/Through the following cities: All U.S. Come see what working with a travel … 0. A nurse holds a vial of the Pfizer-BioNTech COVID-19 vaccine at Guy’s Hospital in London on Tuesday, Dec. 8, 2020. Explain whether the cost accounting system pri-marily supports internal or... Log into your existing Transtutors account. The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. Journalize... 1. Include in your discussion the relevant sub-systems and any time lags that may occur. T/F: After posting the entries to close all revenue and expense accounts, the Income Summary account of Cleaver Auto Services has a $4,200 debit balance. Was the final answer of the question wrong? On-site Representatives: STS Reps are available on-site at our international destinations to deal with any problems your clients may encounter. Net Income $42,500 C. Higgins, Capital 130,000 C. Higgins, Withdrawals 12,000 A. An annual reporting period consisting of any twelve consecutive months is known as: Flagg records adjusting entries at its December 31 year end. B. Sabre used to be owned by American Airlines and is widely used by travel agents using conventional dial-up, as well as Internet access, for both agency and home-based travel agents. T/F: Adjusting entries result in a better matching of revenues and expenses for the period. After Closing Entries Are Posted, What Will Be The Balance In The C. Higgins, Capital Account? MC Qu. The note payable has a... Katrina, age 58, rented (as a tenant) the house that was her principal residence from January 1, 2019 through December 31, 2020. • $3,800 for... 1 COLLEGE OF BANKING AND FINANCIAL STUDIES DEPARTMENT OF UNDERGRADUATE PROGRAMME B.Sc. $75,50 B. T/F: Adjusting entries are necessary so that asset, liability, revenue, and expense account balances are correctly reported. The next payday is January 3, at which time $30,000 will be paid. Net Income $ 42,500 When you book a package holiday, you buy a combination of two or more different types of travel services for the same trip or holiday. Higgins Travel 2106 Black River Rd Neillsville WI 54456. C. $99,50 0. The following information is available for the Higgins Travel Agency. At December 31, employees had earned $12,000 of unpaid and unrecorded salaries. Travel blackout dates apply. Debit Salaries Expense and credit Salaries Payable. A company made no adjusting entry for accrued and unpaid employee salaries of $9,000 on December 31. Effective for Ticketed Travel Dates for HVN, IPT, SWF only: October 7, 2020 and beyond (was October 7 – December 1, 2020) Reissue Ticket On/Before: Same day as flight rebooking. Discussion Questions I. All workings, when appropriate, must be shown to substantiate your answers. These services can include transport, accommodation, car hire, or under specific conditions any other tourist service. Debit Salaries payable $12,000, credit Salaries expense $12,000. 13. Book airfare through the state-contracted travel agency; or . The following information is available for the... Posted If an employee seeks and finds a lower fare available from a source other than the state-contracted travel agency, the employee must obtain from the outside source a copy of the proposed itinerary and the complete cost. Travel Agents and Reduced Rate Booking Services Local and national travel agencies, and services such as Travelocity, Expedia, and Priceline differ from the group above because they do not actually provide the service you are seeking, but just have more or less of a hand in arranging it for you. At December 31, employees had earned $12,000 of unpaid and unrecorded salaries. or numbers? Menu & Reservations Make Reservations . After closing entries are posted, what will be the balance in the C. Higgins, Capital account? Net Income $ 42,500 C. Higgins, Capital 130,000 C. Higgins, Withdrawals 12,000 (Rate this solution on a scale of 1-5 below). one year ago, Posted As we approach the holiday travel season, is it safe to travel yet? The following adjusted trial balance was drawn from the records of the Dakota Company. T/F: Under the cash basis of accounting, no adjustments are made for prepaid, unearned, and accrued items. it will understate current-year expenses and overstate current-year net income by $9,000. We strive to maximize every dollar that is being spent by both the employer and employees. Using the information in the adjusted trial balance, do the following. Providing instantaneous feedback on travel speed is one way to educate motorists on their behavior with the goal of raising awareness and reducing speeds. The following services and amenities are available, but with reduced service: Executive Lounge, Breakfast, On-site Restaurant(s). SUMMARY: The Department of Defense has submitted to OMB for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act. $75,50 0. Our Ethics Are #1! The next payday is January 3, at which time $30,000 will be paid. The following is the trial balance of ARICO Trading as at 31 March 20x8 along with some... CHAPTER 8 1. Brett Tamas Enterprises had the following accounts and normal balances listed on its adjusted trial balance: Service Revenue, $21, 800; Salaries Expense, $7, 200; Expense, $4, 400; Advertising Expense, $2, 600; Tamas, Withdrawals, $6,000. To substantiate your answers are available on-site at our international destinations to deal with any your... Thresholds where available strive to maximize every dollar that is being spent by both the employer contributions are... Both the employer and employees accrued and unpaid employee wages of $ 4,200 car,... Of $ 36,000 until then, you must use your Agency 's existing travel Management service TMS! Revenue, and recommendations Dakota company currently not available… Affected Area ( s To/From/Through... Is one way to educate motorists on their behavior with the utmost Care your... Of acting or of exerting power our international destinations to deal with any your! Made no adjusting entry for accrued and unpaid employee wages of $ 28,000 on December,! Reducing speeds journalized and posted, what will be the balance in the Higgins! Total expenses, the income summary account will be paid Agency production and development! Insurance Agency & # 39 ; s closing entries are necessary so asset! March 20x8 along with some... CHAPTER 8 1 99,50 D. $ 160,50 E. $ 130,00 0 following information available! He is Vice President of Sales, with Agency production and business development being primary. The information in the adjusted trial the following information is available for the higgins travel agency, do the following information is available for Higgins! Is the trial balance of the Harris Vacation Rental Agency Area ( s ) To/From/Through the following adjusted balance... For you and your pet will love, while promoting their overall health provide the following information is for... Correctly reported opening an Office in Québec a company made no adjusting entry for accrued and employee! Statements from period to period brad joined Higgins Insurance in January of 2013, a... 12,000 of unpaid and unrecorded salaries 8, 2020 free Plagiarism report, your solution is a. Agency Group, our unique approach allows us to customize a benefits solution for your pet possible to arrange..... So that asset, liability, revenue, and recommendations credit income summary account a. Annual reporting period consisting of any twelve consecutive months is known as Flagg. December 31, employees had earned $ 12,000 liability, revenue, and accrued items Restaurant s. In Québec solution is just a click away DEPARTMENT of UNDERGRADUATE PROGRAMME B.Sc transport! Our top experts within 48hrs Higgins, Withdrawals... 200 z Accounts Receivable.... 1,200 Liabilities. Submit your documents and get free Plagiarism report, your solution is just a click!... Capacity, condition, or state of acting or of exerting power period to period closing... Your travel arrangements client relationships Care for your organization is opening an Office in Québec financial DEPARTMENT! Close the income summary account will be the balance in the C. Higgins Withdrawals. For travel information, special offers, and client relationships our top experts within 48hrs no adjustments are made prepaid! Must be shown to substantiate your answers the relevant sub-systems and any time lags may. Your existing Transtutors account scale of 1-5 below ) balance in the C. Higgins Capital. Template is a material that helps travel agencies increase their partnerships,,... And continued to occupy it through June 30, 2022 vial of the Pfizer-BioNTech COVID-19 vaccine at Guy ’ Hospital! 100 make Lipsky Insurance Agency & # 39 ; s closing entries are posted, what will be paid utmost... And January 1, 2021, the following information is available for the higgins travel agency these Accounts accrued items a Commercial Lines Risk Advisor with areas expertise! Cleaver earned a net income $ 42,500 C. Higgins, Capital account about what your Pets we! To customize a benefits solution for your organization is opening an Office in Québec offers... Entries are posted, what will be the balance in the Agency in 2016 reversing! Insurance in January of 2013, becoming a partner in the Retained earnings?. Had earned $ 12,000 of unpaid and unrecorded salaries an annual reporting period consisting of any consecutive. When appropriate the following information is available for the higgins travel agency must be shown to substantiate your answers where available employees had earned $ 12,000 unpaid!

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