Answer:JC Coffee house journal$
Date
a. June 1 2022
Bank Dr. 15,000
Gem state bank Cr. 15,000
Narration. Acquisitions of $15,000, 8%, 7c months loan.
b. June 30, 2022
Interest Dr 1200
Gem bank Cr. 1200
Interest on loan for the month of June
C. Interest as at December 31 2022
8% * $15,000*7
=$8400
Jan 1 2023
Gem state bank Dr 23,400
Bank. Cr. 23,400
Narration. Payment of $15,000, at 8% , 7 months and associated interest on maturity.
There could be a lot of choices that would fill in this blank:
seasonal workers
Temporary labor
seasonal labor strategy.
Is there a list of choices?
Answer:
a. True
Explanation:
An accounting framework represents a set of criteria that is used to measure, interpret, and disclose the information that appears in an organization's financial statements.
The law of several nations mandates the Management of a company to prepare and present their financial statements in accordance with the laws of the nation. Since the law mandates this, it makes it a legal requirement.
While many processes remain the same between the two contract types, the primary difference is in the legal powers of the federal government. This authority gives the government unique flexibility in changing contracts to suit its needs.
The answer is savings account A.
Since savings account A compounds the interest quarterly it adds interest to the account every quarter. This makes it a more profitable account than one that compounds the interest semiannually. The reason is that the bank is adding interest more frequently, so you are earning interest on the interest that the bank has already paid you.
