1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
statuscvo [17]
1 year ago
13

Which 3 should be entered as individual transactions, with their original dates, rather than entered using the initial journal e

ntry?
Business
1 answer:
Lerok [7]1 year ago
6 0

a. Check to utility company for $87.26.

d. The three open invoices issued to the hair stylist.

e. Check to the telephone company for $54.19

Telephone expense, Utility expense and Rent Invoices issued to barbers require a new journal entry.

An expense is an item that generally requires an outflow of money or some form of property to another person or group in payment for an item, service, or other category of expense. For tenants, rent is an expense. For students and parents, teaching is a cost.

Expenses are money that costs or must be spent to do something. Most of the marble was imported from Italy at great expense. Vacations with dogs can often come at an additional cost. It wasn't a lot of money, but it helped me pay my bills.

Learn more about expense here

brainly.com/question/25169847

#SPJ4

You might be interested in
John is a subunit manager at a large consumer packaged goods manufacturer. Every year, he and the managers of the other subunits
jeyben [28]

Answer:

Bottom-up.

Explanation:

Bottom-up budgeting is a budgeting method that starts at the department level to the top level. Each department within the organization is required to compile a list of the things it needs, the projects it plans to carry out in the next financial period, and the cost estimates.

3 0
3 years ago
Inadequate disclosure occurs when: a. A company attempts to overstate assets to make their financial position look better. b. Ma
Fudgin [204]

Answer: Option B

         

Explanation: In simple words, inadequate disclosures refers to the situation when a company fails to make accurate or enough discloses in a statement as required by various laws and regulations.

The disclosure can be done through any medium such as media or in the yearly statement but if it does not contain proper information that it will be considered as an offence and suitable actions could be taken.

7 0
3 years ago
Thornbrough Corporation produces and sells a single product with the following characteristics: Per Unit Percent of Sales Sellin
AfilCa [17]

Answer:

The income will decrease by $21,000

Explanation:

Giving the following information:

Selling price $ 220

Variable expenses 44

Contribution margin $ 176

Sales in units= 7,000

Total contribution margin= 7,000*176= $1,232,000

Fixed expenses= ($901,000)

Net operating income= 331,000

Now, with the changes we calculate the new net operating income:

New sales price= $202

New fixed cost= (53,000 + 901,000)= 954,000

New unit sales= 8,000

Net operating income= 8,000*(202 - 44) - 954,000= $310,000

The income will decrease by $21,000

7 0
3 years ago
Vaughn Company issues 11,300 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2020. The stock has a fair value o
Firlakuza [10]

I think you made mistakes in the dates which i have corrected in the explanations----Prepare the journal entries to record the restricted stock on "January 1, 2017" (the date of grant), and "December 31, 2018"

Answer: Please see answer in explanation column

Explanation:

To record unearned compensation

Date      Account titles and explanation      Debit          Credit

Jan 1, 2020 Unearned compensation       $565,000  

   To Common stock ( 11,300 shares × $10)                     $113,000  

To Paid in capital in excess of par - common stock      $452,000

To record the compensation expense

Date      Account titles and explanation        Debit              Credit

Dec 31, 2020  Compensation    expenses      $113,000  

   To    Unearned compensation                                             $113,000

Calculation:

Compensation expenses =$565,000 ÷ 5 years=   $113,000

To record the forfeiture

Date             Account titles and explanation          Debit                Credit

July 25, 2021   Common stock                               $113,000

Paid in capital in excess of par - common stock    $452,000

To Compensation expenses                                                             $113,000  

To Unearned compensation                                                            $452,000

Calculation:

Common stock ( 11,300 shares × $10)= $113,000

To Compensation expenses  $113,000  ($113,000 × 1 year) January 1, 2020-July 25, 2021,

Unearned compensation =fair value of $565,000 --Compensation expenses  of $113,000   =  $452,000

7 0
3 years ago
Maria can purchase shirts for ​$21.00 each. She considers the benefit of one shirt to be ​$40.00​, but with each additional shir
Vinvika [58]

Answer:

4 shirts

Explanation:

Principle of Optimization at the​ Margin states that the individual maximises utility when consuming a prpduct as long as the marginal benefit exceeds to marginal cost. If marginal cost is greater than the benefit the consumer will find another alternative.

In this instance Maria sees the short as value of $40, while sale price is $21

So when she buys the first shirt her perceived cost is now 40- 5= $35

For the second shirt perceived cost is 35-5= $30

For the third shirt perceived cost is 30-5= 25$

For the fourth shirt it is 25-5= $20

At this stage cost is slightly higher than the benefit and she will stop buying shirts.

7 0
3 years ago
Other questions:
  • A company purchased a delivery truck on January 1, 2021, for $100,000. The truck has an estimated life of 10 years and an estima
    9·1 answer
  • A. is a mathematical formula that is used to calculate the number of years it takes real gdp per capita or any other variable to
    14·1 answer
  • Rather than competing head to head with established competitors, many companies seek out unoccupied positions in uncontested mar
    8·1 answer
  • Byron runs a business cleaning gutters. lance, who is in a wheelchair, applies for a job working for byron as a cleaner. byron d
    6·1 answer
  • Collisions caused by fatigue are particularly likely to involve
    12·1 answer
  • An externality is an intangible effect of production and purchases.<br> TRUE<br> FALSE
    8·1 answer
  • Abner tells a representative of Brass &amp; Woodwind Musical Instruments, Inc., that he will pay for Claudia’s trumpet if she do
    6·2 answers
  • Bluestone Company had three intangible assets at the end of the current year:
    15·1 answer
  • The price index was 150 in the first year, 142.5 in the second year, and 138.2 in the third year. The economy experienced:______
    11·1 answer
  • the fixed cost of producing wedding cakes is $10,000 per month. the variable cost for producing 10 wedding cakes per month is $1
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!