Question
Can My Auto Insurance Company Place A Claim On My Record By Simply Calling To Ask A Question?
I was in my boyfriend’s truck and backed into our garage door. I called my auto ins. to ask if I needed to make a claim or if he did since it was his truck. They said he should, and he did. I recently was getting ins. quotes and found out it is on my record, even though his insurance paid for the damages.
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Resolved Question Show Me Another » In What Ways Does Buying A Car Affect Auto Insurance Premiums?
I’m looking at buying or leasing a new car and am wondering how that’ll affect my auto insurance premium. Also, which features in a new car affect the premium. I’ve heard about red paint and sports cars causing higher premiums, but are there any other factors?
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Insurance Question About Accident With Parked Motorcycle?
A minivan rental car backed into my motorcycle today and caused a whole bunch of damage.
Is it possible my insurance rates will go up even if I’m not at fault? Because the bike was parked when this happened (no one driving) do I need to tell insurance companies about it when shopping for a new policy?
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Please I Really Need Help In This Question ? Please Please Please ?
PLease im begging you to help me out with this i been stuck on it for a week and i cant get it i have to finish this before Christmas break please i went through my whole book and i still don’t get it i know its a lot of work please someone help me with it please im really stress from it please ill appreciate please
thank you so much
here is the PROBLEM >?
The Account Cycle
Bob night opened “The general’s favorite Fishing Hole” The fishing camp is open from April through September and attracts many famous college basketball coaches during the off-season. Guests typically register for one week, arriving on Sunday afternoon and returning home the following Saturday afternoon. The registration fee includes room and board, the use of fishing boats, and professional instruction in fishing techniques. The chart of accounts for the camping operations is provided below.
The General’s Favorite Fishing Hole Chart of Account.
assets
101 cash
142 office supplies
144 food supplies
145 prepaid insurance
181 fishing boats
181.1 Accum. Depr. fishing boast
liabilities
202 accounts payable
219 wages payable
owners equity
311 bob night capital
312 bob night drawing
313 income summary
revenues
401 registration fees
expenses
511 wages
521 rent
523 office supplies expense
524 food supplies
525 telephone
533 utilities
535 insurance expense
536 postage
542 depr. exp. fishing boats The following transactions took place during April 20–
April
1 Night invested cash in the business $90,000.
1 Paid insurance premium for camping season, 9,000.
2 Paid rent for lodge and campgrounds for the month of April, $40,000.
2 Deposited registration fee, $35,000
2 Purchase ten fishing boats on account for $60,000. The boats have estimated useful
lives of five years, at which time they will be donated to a local day camp. Arrangement
were made to pay for the boats in July.
3 Purchase food supplies from Acme Super Market on account, $7,000.
5 Purchase office supplies from Gordon Office Supplies on account, $500.
7 Deposited registration fee, $38,600.
10 Purchased food supplies from Acme Super Market on account, $8,200
10 Paid wages to fishing guides, $10,000
14 Deposited registration fees, $30,500
16 Purchased food supplies from Acme Super Market on account, $9,000
17 Paid wages to fishing guides, $10,000
18 Paid postage , $150.
21 Deposited registration fees, $35,600
24 Purchased food supplies from Acme Super Market on account, $8,500
24 Paid wages to fishing guides, $10,000
28 Deposited registration fees, $32,000.
29 Paid wages to fishing guides, $10,000
30 Purchased food supplies from Acme Super Market on account, $6,000.
30 Paid Acme Super market on account ,$32,700.
30 Paid utilities bill, $2,000.
30 Paid telephone bill, $1,200.
30 Bob Night withdrew cash for personal use, $6,000
Adjustment information for the end of April is provided below.
a Office supplies remaining on hand, $100.
b Food supplies remaining on hand, $8,000.
c Insurance expired during the month of April, $1,500.
d Depreciation on the fishing boatsfor the month of April, $1,000.
e Wages earned , but not yet paid, at the end of April, $500.
Required
1 Enter the above transactions in a general journal. Enter transactions from April 1-5
on pages 1, April 7-8 on page 2, April 21-29 and the first two entries for April 30 on
page 3, and the remain entries for April 30 on page 4.
2 Post the entries to the general ledger.(if you are not using the working papers that
accompany this text, you will need to enter the account titles and account numbers
in the general leger accounts).
3 Prepare a trial balance on a work sheet.
4 Complete the work sheet.
5 Prepare the income statement.
6 Prepare the statement of owner’s equity
7 Prepare the balance sheet.
8 Journalise the adjusting entries (page 5)
9 Post the adjusting entries to the general ledger.
10 Journalise the closing entries (page 5 and 6)
11 Post the closing entries to the general ledger.
12 Prepare a post-closing trial balance.
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Boating Question?
Im looking to purchase a sailing Yacht the sort of 18-20ft with engine and spinica etc but i have 3 questions #1 do i need a liscence 2# can i take that sort of boat to foreingn countries #3 it it an expensive hobbie ie. mooring fees insurance etc
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Motorcycle Insurance Companies Question?
My father has his bike insured with a certain company. Another company has cheaper insurance for me on that bike than his does. Is it possible for me to buy my own policy from a separate company without affecting his coverage?
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Boating Question Again… First Time Buying And I Dont Know What To Do?
I have never owned a boat but i have income and a truck to haul it. I dont have a place to store it, but I can store it at the slip on the lake.
Payments, insurance, repairs – what kind of things do I really have to worry about before I buy a boat? Not should I, but if I do, what am I getting myself into? Do I need to learn how to use it or is it like driving a car?
Thanks.
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General Boating Question!?
We bought this new house came with a boat and I am wondering if I need a license to operate the boat in NY.
Do I also need insurance?
For jet-ski, do I need license and Insurance?
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Car Insurance Question. Help Desperately Needed, Please!?
Here’s the situation. Before I start here, I will say I have never sold a car/transferred insurance in my life until now (I’m 37) and I’m panicking. (Please don’t laugh; I am somewhat mentally disabled and have a hard time understanding business side of things). Please bear with me:
I have a 2000 Chevrolet Malibu with 178,000 miles on it.
Last Friday, my husband’s brother decided to give his 2005 Hyundai Elantra (53,000 miles) to us as a free gift.
We decided to sell the Malibu to some friends of ours (with whom we have been friends for quite a few years).
My friends have already paid us and they have a Bill of Sale and next week we are getting a duplicate of the Chevy title in the mail (because we lost ours), at which time we will transfer.
Here is where the confusion begins: My mother-in-law (who is a retired State Farm insurance agent) drew up a Bill of Sale that indicated as its last sentence at the end, “Buyer will show proof of liability insurance at the time the car is received” (or something like that; I don’t have the Bill of Sale in front of me). We saw our friends today to get the Bill of Sale notarized (they already paid for the car; we’re just waiting for the title for the Malibu to arrive via mail, as mentioned above). Their insurance agent is about 90 miles away, I find out, and will need pictures of the car. Our friends insist that my mother-in-law is just “being a mom” since we’re new at such a transaction (our friends have owned and sold boats, cars, etc., so they are experienced at this, too), meaning that she’s being overcautious by saying they need to present proof of liability insurance at the exact time I give them the keys to the car. So, once I give them the title and the keys, are they responsible for when they get the car insurance?
My Hyundai is covered through my insurance agent (my mother-in-law called them and got coverage on it already), but she insists that I am not to get insurance verification on the Hyundai until the friends show proof of their insurance on the Malibu after they get possession of it. Is that correct, or is my mother-in-law just being overcautious? (I would think that once I switch the Malibu title to my friends’ name and give them the keys, that would relieve me of any responsibility any longer to the Malibu).
Help me, please. I am so confused; I have my mother-in-law telling me one thing, and my friends telling me another. Both sound correct.
So would I be right if I did these (in this exact order):
1) switch the title over to their name & give them the keys to the Malibu.
2) call my insurance agent and report that I sold my Malibu, and ask them to type insurance vertification for the Hyundai. (would I have to be present in person for them to type the verification for the Hyundai? Also, would my report of me selling the Malibu mean that they would cancel the insurance on it immediately?)
I am sorry this is so lengthy; I tried to explain this the best as I could. I just want to do what is correct in the eyes of the law.
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Small Boat Purchase Question?
Hello,
I want to purchase a 14′ boat. It has a 5hp Briggs and Stratton. What I want to know is, do you know the approximate cost of insurance, or how much registratio would cost? I live in Utah, and I tried looking on the DMV’s website for all of this, but couldnt find it. The boat ad does not have the year, but here it is if you would like to see what it looks like 
Thank you for all of your help!
Link: http://www.ksl.com/index.php?nid=218&ad=…
This is the boat I am looking at..what is your opinion on it? Will I need to register it even if its only 5hp?
If you can, please look at this boat also, and tell me which one would be the best bang for the buck! Link: http://www.ksl.com/index.php?nid=218&ad=…
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