Answer:
Debit Unearned Fees, $8,370
Credit Fees Earned, $8,370
Explanation:
Based on the information given we were told that the Company received the amount of $33,480 from Santa Fe for 36 month on April 1 in which we are to assumed that the adjustments will be made at the year end this means that the adjusting entry will be to:
Debit Unearned Fees, $8,370
Credit Fees Earned, $8,370
Calculated as :
Amount received $33,480/36 months ×9 months
=$8,370
Note that from 1st April to 31st December will give us 9 months.
Answer:
The normal balance of liabilities is a credit.
Explanation:
In the double entry system one account must be debited in order for the other to be credited.
There are different balances for each account. For the accounts with normal credit balance a credit causes it to increase while a debit decreases it.
For accounts with negative balance a credit reduces its balance while a debit increases its balance.
- Asset: Debit
- Expense: Debit
- Dividends: Debit
- Liability: Credit
- Owner’s Equity: Credit
- Revenue: Credit
- Retained Earnings: Credit
Liabilities are debt owed by a business. When payment is given out to settle a debt (a debit) it reduces to amount a business owes.
If more loans are collected (a credit) the liability figure increases.
So liability has a normal credit balance
So i have an undisclosed amount of candy with me and i decide one day to give it to you, only catch is that i will give it to you in instalments or piece by piece starting from tomorrow all thru until infinity (or when either of us dies). now i don't have an infinite supply of candy but I'm going to give this to you in parts for an infinite amount of time. from this we know that anything finite divided by infinity is zero. so unfortunately you'll be getting negligible amounts of candy just like ysla will get negligible sums of money from mr. sneaky silva.
if mr. silva keeps the balance in his account and it accrues interest over time, EVEN then it doesn't beat annuity for an infinite amount of time. so max is 0.
Answer:
number of pizza per our = 10
number of worker = 4
number of pizza per our per worker =2.5
Explanation:
