Explanation:
Credit report is the statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts.
Credit scores are calculated basing on the information in your credit report
Answer:Please see answers in explanation column
Explanation:
1A)To record amount payable for purchase of goods
Date Account Title Debit Credit
July 1 Purchase $60,000
Accounts Payable $60,000
Freight in $1,200
Cash $1,200
B)To record amount on damaged goods
Date Account Title Debit Credit
July 3 Accounts Payable $6,000
Return of Purchase $6,000
C)Journal to record payment of goods
Date Account Title Debit Credit
July 10 Accounts Payable $54,000
Purchase Discount $1,080
Cash $52,920
Calculations
Accounts payable Purchased Price - price of returned goods = 60000-6000 = $54,000
Discount on Purchases if paid within 10 days = 2% x $54,000 = $1,080
Answer:
C. Both task oriented and relationship oriented
Explanation:
A high quality leader must posses those two qualities and many others to be really effective. Both Task oriented and relationship oriented leadership are usually compared because of the varying outcomes the two present. But a leader that has the quality to combine those two methods becomes more effective.
Task oriented is focus on task or jobs that needs to be performed to meet company's goal or to achieve performance standard.
Relationship- oriented focuses on the motivation, satisfaction and general well being of team members under his leadership.
Answer:
debit to Bad Debts Expense and credit to Allowance for Doubtful Accounts
Explanation:
The journal entry needed to record the adjusting entry by using the allowance method is given below:
Bad debt expense
To Allowance for doubtful debts
(Being bad debt expense is recorded)
Here the bad debt expense is debited as it increased the expense and credit the allowance as it decreased the assets
