<span> Since slides are sequential, they enable the presenter to always present the intended information.</span>
C business mileage during the year to claim the standard mileage rate for the business
Answer:
Since marketing is the process of creating, communicating and delivering products to customers with the aim of satisfying their needs, the purpose of a marketing philosophy is to identify and fulfill those needs, as well as wants and demands.
Answer: See explanation
Explanation:
The adjusting entry required at the end of the year will be illustrated below:
Dr Insurance expense $3060
Cr Prepaid insurance $3060
Working:
Opening prepaid insurance = $8540
Add: Insurance premium = $530
Less: Unexpired insurance premium = $6010
Insurance expense = $3060
Answer:
<u>income statement</u>
Service revenue
Advertising expense
<u>balance sheet</u>
Notes payable
Common stock
Cash
<u>retained earnings statement.</u>
Nill
Explanation:
The Income Statement records <em>Incomes</em> and <em>Expenses</em>. It is used to calculate the Profit earned during the reporting period.
The Balance sheet records <em>Assets</em>, <em>Liabilities</em> and <em>Owners Equity</em>. The Balance Sheet uses Accounting equation : Assets = Liabilities + Owners Equity.
The Retained Earnings records the <em>Opening and Closing Retained Earnings</em> Balances, <em>Profit for the Year</em> and <em>Dividends Paid</em>. It is used to determine the Balance at the end of the year in Profits attributable to Owners