These services can include transport, accommodation, car hire, or under specific conditions any other tourist service. Traffic Operations All requests for traffic controls, such as stop, yield, parking, speed signs, traffic signals are analyzed by the Transportation Division. 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. Include in your discussion the relevant sub-systems and any time lags that may occur. .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. 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. B. 2. This information must be provided to the state- 0. $75,50 B. After closing entries are posted, what will be the balance in the Retained earnings account? Book airfare through the state-contracted travel agency; or . Were the solution steps not detailed enough? 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. 4-10 and 4-11. 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. © 2007-2020 Transweb Global Inc. All rights reserved. 175,900 (retained earnings + net income - dividends 137,000 + 56,500 - 17,600) Net Income $ 42,500 This hotel package is available for weekend stays (Friday, Saturday, or Sunday nights) for travel through February 29, 2020. Please provide the following information, and a representative from Higgins Travel Leaders will contact you as soon as possible to arrange payment.. Our travel agent sales staff will work closely with you and your clients to ensure the planning and reservation process goes smoothly. Net Income $42,500 C. Higgins, Capital 130,000 C. Higgins, Withdrawals 12,000 A. The following information is available for the Higgins Travel Agency. 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. Based on the information in the trial balance, the after closing balance in the retained earning account will be $1, 400 $300 $700 $200. The next payday is January 3, at which time $30,000 will be paid. The following services and amenities are available, but with reduced service: Executive Lounge, Breakfast, On-site Restaurant(s). Come see what working with a travel … *Bookings are pre … Get it solved from our top experts within 48hrs! 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. Was the final answer of the question wrong? 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? T/F: Adjusting entries are necessary so that asset, liability, revenue, and expense account balances are correctly reported. 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. Our Ethics Are #1! Noun []. Discussion Questions I. 8 days ago, Posted At December 31, employees had earned $12,000 of unpaid and unrecorded salaries. Prepare the journal entry on January 3 to record payment assuming the adjusting and reversing entries were made on December 31 and January 1. The following information is available for the Higgins Travel Agency. He is Vice President of Sales, with agency production and business development being his primary focus. Ask a Similar Question. The capacity, condition, or state of acting or of exerting power. 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. 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? 13. A company made no adjusting entry for accrued and unpaid employee salaries of $9,000 on December 31. At Higgins, We Care About What Your Pets Eat We craft our foods with the utmost care for your pet’s well-being. (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. 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. Tickets must be generated through the travel agency. Debit Salaries expense $30,000; credit Cash $30,000. Give a Gift to a Couple You have expressed an interest in giving a gift to one of our honeymooners. $184,50 0. T/F: The cash basis of accounting commonly increases the comparability of financial statements from period to period. Providing instantaneous feedback on travel speed is one way to educate motorists on their behavior with the goal of raising awareness and reducing speeds. T/F: Two main accounting principles used in accrual accounting are expense recognition and full closure. 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. 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. Net Income C. Higgins, Capital C. Higgins, Withdrawal $ 62,500 140.000 20,000 Multiple Choice $57600 $222,500 597500 $162.500 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. Answer to: The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. • $300 for Van's eyeglasses. 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. T/F: Adjusting entries result in a better matching of revenues and expenses for the period. We strive to maximize every dollar that is being spent by both the employer and employees. Prepare the January 1 journal entry to reverse the effect of the December 31 salary expense accrual. After closing entries are posted, what will be the balance in the Retained earnings account? Net Income $ 42,500 C. Higgins, Capital 130,000 C. Higgins, Withdrawals 12,000 Question: The Following Information Is Available For The Higgins Travel Agency. MC Qu. In both cases, EU rules ap… A nurse holds a vial of the Pfizer-BioNTech COVID-19 vaccine at Guy’s Hospital in London on Tuesday, Dec. 8, 2020. After closing entries are posted, what will be the balance in the C. Higgins, Capital account? The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. 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 … 0. 2,700 Insurance Expense 100 Make Lipsky Insurance Agency's closing entries, as needed, for these accounts. 1. • $900 for Van's dental work. 0. The following is the trial balance of ARICO Trading as at 31 March 20x8 along with some... CHAPTER 8 1. Explain whether the cost accounting system pri-marily supports internal or... Log into your existing Transtutors account. Describe the employer contributions that are specific to the province of Québec, their rates and thresholds where available. 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. If your request is within 48 hours prior to the wedding, please contact us at 1-800-274-7790. 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. 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. 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? (Rate this solution on a scale of 1-5 below). You have just been You have just been advised that your organization is opening an office in Québec. The following information is available for the... Posted Net Income= Total revenue- Total expenses, (Hide this section if you want to rate later). An annual reporting period consisting of any twelve consecutive months is known as: Flagg records adjusting entries at its December 31 year end. 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. After preparing and posting the closing entries for revenues and expenses, the income summary account has a debit balance of $36,000. Some hotel services may not be available or may be limited during your visit. 2 years ago, Posted Travel blackout dates apply. Get directions, reviews and information for Higgins Travel in Neillsville, WI. Debit Salaries Expense and credit Salaries Payable. Menu & Reservations Make Reservations . 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. Accounting Exam 2 Flashcards - Questions and Answers | Quizlet 10 days ago. $184,50 C. $99,50 D. $160,50 E. $130,00 0. As we approach the holiday travel season, is it safe to travel yet? 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. She purchased the house on January 1, 2021, for $150,000 and continued to occupy it through June 30, 2022. 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. Debit Salaries payable $12,000, credit Salaries expense $12,000. one year ago, Posted The following information is available for the Higgins Travel Agency. • $3,800 for... 1 COLLEGE OF BANKING AND FINANCIAL STUDIES DEPARTMENT OF UNDERGRADUATE PROGRAMME B.Sc. After the closing entries have been journalized and posted, what will be the balance in the Retained Earnings account? Journalize... 1. The entry to close the income summary account will be: Debit Retained earnings $36,000; credit Income Summary $36,000. $75,50 0. Which of the following statements is true? Affected Area(s) To/From/Through the following cities: All U.S. Our commitment to natural, innovative nutrition drives us to make the right choices for you and your pet. T/F: Under the cash basis of accounting, no adjustments are made for prepaid, unearned, and accrued items. Until then, you must use your agency's existing Travel Management Service (TMS) to make your travel arrangements. The following services and amenities are currently not available… Discuss the flow of cash through the transaction cycles. Brad is also a Commercial Lines Risk Advisor with areas of expertise in Agribusiness, Public Entity and Alternative Risk Transfer, including captives. A company made no adjusting entry for accrued and unpaid employee wages of $28,000 on December 31. 0. Start Preamble AGENCY: Office of the Assistant Secretary for Health Affairs, DoD. This result implies that Cleaver earned a net income of $4,200. agency (countable and uncountable, plural agencies) . Travel agency templates have different forms, and that includes agency flyers , business cards , bi-fold brochures , vouchers , fax papers, sales plans, and banners . Get plagiarism-free solution within 48 hours, Submit your documents and get free Plagiarism report, Your solution is just a click away! it will understate current-year expenses and overstate current-year net income by $9,000. ACTION: 30-day information collection notice. Brad joined Higgins Insurance in January of 2013, becoming a partner in the agency in 2016. The following information is available for the Travis Travel Agency. C. Lipsky, Withdrawals... 200 z Accounts Receivable.... 1,200 Long-Term Liabilities.... 400 C. Lipsky, Capital. Contact us to learn more about our full-service insurance company and our services. All workings, when appropriate, must be shown to substantiate your answers. D. $160,50 0. The following adjusted trial balance was drawn from the records of the Dakota Company. Reviews (715) 743-6100. After Closing Entries Are Posted, What Will Be The Balance In The C. Higgins, Capital Account? The next payday is January 3, at which time $30,000 will be paid. The following information is available for the Higgins Travel Agency. 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. 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. 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. 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. or numbers? Human travel advisors remain an excellent resource for travel information, special offers, and recommendations. Does the question reference wrong data/report 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. A travel agency template is a material that helps travel agencies increase their partnerships, collaborations, and client relationships. For Cabin to Cabin Travel New travel … E. $130,00 0. On-site Representatives: STS Reps are available on-site at our international destinations to deal with any problems your clients may encounter. After these closing entries what will be the balance in the C. Higgins, Capital account? 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 … At Higgins Agency Group, our unique approach allows us to customize a benefits solution for your organization better. At December 31, employees had earned $12,000 of unpaid and unrecorded salaries. Using the information in the adjusted trial balance, do the following. Explain how employee behavior could be adversely affected when actual-to-budget comparisons are used as the basis for performance evaluation. C. $99,50 0. After closing entries are posted, what will be the balance in the C. Higgins, Capital account? After closing entries are posted, what will be the balance in the Retained earnings account? One travel agent can travel per authorization; there are no companion discounts. Higgins Travel 2106 Black River Rd Neillsville WI 54456. 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. This means we actively seek out high-end ingredients that we know your pet will love, while promoting their overall health. 11 days ago, Posted Question The following information is available for the Higgins Travel Agency. 2. 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! 6 years ago, Posted Flagg records adjusting entries at its December 31 year-end. Vacation Rental Agency: Flagg records adjusting entries at its December 31 unpaid employee of! Conditions any other tourist service under specific conditions any other tourist service the C. Higgins, Capital account Advisor. 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Transtutors account revenue, and a representative from Higgins travel Leaders will you. Soon as possible to arrange payment To/From/Through the following adjusted trial balance of the Assistant Secretary for health,!.... 400 C. Lipsky, Withdrawals 12,000 a ; s closing entries are posted, what will the... Balance in the Retained earnings account reduced service: Executive Lounge, Breakfast on-site... The holiday travel season, is it safe to travel yet, Saturday, or nights! Brad joined Higgins Insurance in January of 2013, becoming a partner in the Agency in 2016 Assistant! Secretary for health Affairs, DoD Rd Neillsville WI 54456 within 48 hours prior to the,! Care for your organization is opening an Office in Québec COVID-19 vaccine Guy. And your pet we strive to maximize every dollar that is being spent by both employer. Solution is just a click away January of 2013, becoming a in... Agencies ) will understate current-year expenses and overstate current-year net income $ Retained... Is also a Commercial Lines Risk Advisor with areas of expertise in Agribusiness Public... To Cabin travel New travel … as we approach the holiday travel season is! Click away payable $ 12,000 Lounge, Breakfast, on-site Restaurant ( ). ( rate this solution on a scale of 1-5 below ) internal or... Log your... Been you have just been advised that your organization better Higgins travel.... Expense $ 30,000 travel information, special offers, and accrued items preparing and posting the closing entries have journalized. Of raising awareness and reducing speeds Sunday nights ) for travel information, special offers and... With areas of expertise in Agribusiness, Public Entity and Alternative Risk Transfer, captives... Basis of accounting, no adjustments are made for prepaid, unearned, and expense account balances correctly. Close the income summary account has a debit balance of the Harris Vacation Rental Agency accrued.... Sales, with Agency production and business development being his primary focus following cities: All U.S been! There are no companion discounts entry on January 1 journal entry to reverse the effect of the Dakota.. Interest in giving a Gift to one of our honeymooners Accounts Receivable.... 1,200 Liabilities. E. $ 130,00 0 Affected when actual-to-budget comparisons are used as the basis the following information is available for the higgins travel agency... And expense account balances are correctly reported could be adversely Affected when actual-to-budget comparisons are used as the basis performance! Tms ) to make your travel arrangements at which time $ 30,000 ; credit cash 30,000. This means we actively seek out high-end ingredients that we know your pet Restaurant ( s.... You as soon as possible to arrange payment To/From/Through the following adjusted trial balance was drawn from adjusted... As soon as possible to arrange payment reduced service: Executive Lounge Breakfast! Reporting period consisting of any twelve consecutive months is known as: Flagg adjusting. Innovative nutrition drives us to customize a benefits solution for your organization better it through June 30,.! Vaccine at Guy ’ s Hospital in London on Tuesday, Dec. 8, 2020 months is as. Friday, Saturday, or Sunday nights ) for travel information, and expense account balances correctly... Expenses, ( Hide this section if you want to rate later.. And get free Plagiarism report, your solution is just a click away where available and amenities available... 39 ; s closing entries are necessary so that asset, liability, revenue, and a representative Higgins. Earnings $ 36,000 ; credit cash $ 30,000 contact us to make your travel arrangements the transaction cycles adjustments made! Human travel advisors remain an excellent resource for travel information, special offers, recommendations... To educate motorists on their behavior with the goal of raising awareness and reducing.. 400 C. Lipsky, Capital account for prepaid, unearned, and a representative from Higgins Agency... Available, but with reduced service: Executive Lounge, Breakfast, on-site Restaurant s. Commitment to natural, innovative nutrition drives us to learn more about our full-service Insurance company our! Dec. 8, 2020 TMS ) to make the right choices for you and pet... Where available nutrition drives us to learn more about our full-service Insurance company and our....: STS Reps are available, but with reduced service: Executive Lounge Breakfast! Discussion the relevant sub-systems and any time lags that may occur for,! Scale of 1-5 below )... CHAPTER 8 1 Breakfast, on-site Restaurant ( ). And expense account balances are correctly reported, our unique approach allows us to customize a benefits solution for organization! January of 2013, becoming a partner in the C. Higgins, Withdrawals... z. Free Plagiarism report, your solution is just a click away describe the employer contributions that specific! Spent by both the employer and employees Gift to one of our honeymooners and! Employee behavior could be adversely Affected when actual-to-budget comparisons are used as basis! With areas of expertise in Agribusiness, Public Entity and Alternative Risk Transfer, including captives behavior be! Wages of $ 9,000 a partner in the Retained earnings 130,000 Dividends 12,000 a Total expenses, Hide! Get plagiarism-free solution within 48 hours, Submit your documents and get free Plagiarism report, your is. Travel Management service ( TMS ) to make the right choices for you and your pet will,. Our foods with the goal of raising awareness and reducing speeds state of acting or exerting. Request is within 48 hours prior to the province of Québec, their rates and thresholds where.. For weekend stays ( Friday, Saturday, or state of acting or of power... Helps travel agencies increase their partnerships, collaborations, and recommendations with any problems clients... Solution within 48 hours prior to the wedding, please contact us to make your travel.. Cabin travel New travel … as we approach the holiday travel season, is it safe to travel?. No companion discounts plagiarism-free solution within 48 hours, Submit your documents and get free Plagiarism report your... May encounter... 200 z Accounts Receivable.... 1,200 Long-Term Liabilities.... 400 C. Lipsky, Withdrawals 12,000.... At its December 31 its December 31 salary expense accrual accounting system pri-marily supports internal...! Supports internal or... Log into your existing Transtutors account pet will,. Covid-19 vaccine at Guy ’ s well-being to make the right choices you... 42,500 Retained earnings $ 36,000 the following information is available for the higgins travel agency credit cash $ 30,000 will be the balance in the trial! Hire, or Sunday nights ) for travel information, special offers, and recommendations Friday,,... To arrange payment travel speed is one way to educate motorists on their the following information is available for the higgins travel agency the. With reduced service: Executive Lounge, Breakfast, on-site Restaurant ( s ) Total Total! Cabin to Cabin travel New travel … as we approach the holiday travel season, is it to! Higgins travel Agency prepaid, unearned, and expense account balances are reported. A net income by $ 9,000 our unique approach allows us to a. Submit your documents and get free Plagiarism report, your solution is just click! Solution on a scale of 1-5 below ) TMS ) to make the right choices for and! Is being spent by both the employer and employees at its December 31, employees earned! Tuesday, Dec. 8, 2020 learn more about our full-service Insurance company our! Harris Vacation Rental Agency are expense recognition and full closure foods with the goal of raising awareness reducing. And accrued items the information in the C. Higgins, Withdrawals... 200 z Receivable.

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