Answer:
The journal entries required as at 30 September,2015 as well as the post-closing trial balance are hereby attached.
Explanation:
In preparing the journal entries, the golden rule of double of entry which opined that for every debit there must a corresponding credit and versa.
This implies each transaction event has two impacts in the books of accounts,as a result,both must be shown to ensure proper of keeping records and smooth accounting processes.
Answer and Explanation:
if the long term interest rate in the US suddenly declines and all other factor are unchanged then,Fed's estimated NPV of the divestiture will be larger than that of last week because the decline in the long term interest rate in the US and all other factors unchanged the euro's value in the future years will decrease.
Answer:
Net income $2,950
Explanation:
Stacey's piano rebuilding company
Income statement adjusted for the month of January
Operating revenue
Rebuilding fees revenue. $19,000
Total operating revenue. $19,000
Operating expenses
Wages expense. $16,500
Utility expenses. $400
Total operating expenses $16,900
Operating income. $2,100
Other item:
Rent revenue. $850
Net income. $2,950
Supply and demand. Its not in a state of equilibrium. The price should go down, therefore more consumers will buy. But since there’s so many different shirts and prices, they aren’t willing to pay