On January 1, 2009, Ryan Company paid the premium in advance on a three-year insurance policy on equipment in the amount of $6,000. At that time, the full amount paid was recorded as prepaid insurance. On December 31, 2009, the end of the accounting year, Hammond Company would be required to record an adjusting entry that would include a:

Lucas Johnson, an employee with the U.S. postal services was deployed to Afghanistan, to serve in the U.S. army for two years. After the completion of his military duties, he reassumed work at the post office. He was reemployed at a higher status and provided a higher compensation package. Which of the following legislations was used to help Lucas return to reemployment on such favorable terms?

A. GINA B. USERRA C. ADA D. ADEA E. OSH Act

Mason Lawn Equipment uses a perpetual inventory system. Journalize the following sales transactions for this company. Explanations are not required

May 18 Sold $26,000 of merchandise on account, credit terms are 1/10, n/30, FOB destination Cost of goods is $15,600. May 22 Mason negotiated a $600 allowance on the goods sold on May 18. May 24 Mason paid freight of $450. May 26 Mason receives payment for the customer for the amount due from the May 18 sale. What will be an ideal response