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Cerrena [4.2K]
2 years ago
12

Need help with accounting. ASAP

Business
1 answer:
suter [353]2 years ago
7 0

The Journal entries are as follows

June 1

DR Cash 60,000

CR Capital Stock 60,000

<h3 /><h3>What is Journal Entry?</h3>

Journal entry is the debit and credit of accounts to balance the transactions and its two sided effects. This is the basic of Accounting and so have a great importance.

June 2

DR Aircraft 220000

CR Cash 40000

CR Notes Payable 180000

June 4

DR Rent expense 2500

CR Cash 2500

June 15

DR Accounts Receivable 8320

CR revenue 8320

June 15

DR Salaries Expense 5880

CR Cash 5880

June 18

DR Maintenance Expense 1890

CR Cash 1890

June 25

DR Cash 4910

CR Accounts Receivable 4910

June 30

DR Account Receivable 16450

CR Revenue 16450

June 30

DR Salaries Expense 6000

CR Cash 6000

June 30

DR Fuel Expense 2510

CR Accounts Payable 2510

June 30

DR Dividends 2000

CR Dividends Payable 2000The Journal entries are as follows

Learn more about Journal Entries at  brainly.com/question/26963089

#SPJ1

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Each Component (Services/Agencies) uses the guidance provided by the Planning phase of the Planning, Programming, Budgeting, and
EleoNora [17]

Answer: D - Budget Estimate Submission (BES)

Explanation: Budget Estimate Submission (BES) is a proposal prepared for all available resources including funding, force structure and personnel strength over a five year period. The proposal is then submitted to the office of the secretary of defense for the inclusion in the department of defense Budget.

After which a Budget review is conducted by the Secretary of Defense with  OMB participation, to review department/agency estimates of program costs. This budget  takes care of:

1) Program Pricing

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5 0
4 years ago
When evaluating financial planning steps, we must consider all of the following, except:
Yakvenalex [24]

Answer:  all the above steps are considered when evaluating financial planning except OPTION C how all small projects are added up for one big project.

Explanation:

financial is delicate aspect of any b business and company. financing a project companies need to follow some steps. the financial planning of a company of business must consider the following: i. the planning horizon which is the time frame of the planning process.

ii.  the project horizon which explain the feasibility time of the project.

iii.  identifying the total need of the investment. this explain the importance of the project at that particular time

iv.  sets of assumptions for various scenarios. this explain various alternative courses of action concerning the said project.

the above listed steps are the only considered steps. there are others such as identifying the current financial position of the company,reviewing and revising the plan,creating and implementation of the financial action and many more

8 0
3 years ago
If the marginal propensity to consume (MPC) is 0.8, and transfers increase by $100 billion, then GDP will: Please choose the cor
Talja [164]

Answer:

Increase by more than $500 billion.

Explanation:

Use the below formula to find the multiplier effect.

Multiplier = 1 / (1-MPC)

Multiplier = 1 / (1 - 0.8)

Multiplier = 1 / 0.2

Mulitiplier = 5

GDP increase by = 5 x 100

GDP increases by = $500

Since the multiplier is five and the increase in transfer by $100 that will have multiplier effect of $500. Thus option "a" is correct.

4 0
3 years ago
A+piece+of+land+produces+an+income+that+grows+by+5%+per+annum. +if+the+first+year’s+income+is+$10,000,+what+is+the+value+of+the+
Aleonysh [2.5K]

If a piece of land produces an income that grows by 5% per annum. The value of the land is $200,000.

<h3>Present value of the land</h3>

Using this formula

Present value=Income/Rate per annum

Let plug in  the formula

Present value=$10,000/0.05

Present value=$200,000

Therefore If a piece of land produces an income that grows by 5% per annum. The value of the land is $200,000.

Learn more about Present value of land here:brainly.com/question/14958247

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6 0
2 years ago
Assume you are hired to consult IKEA on the topic of corporate social responsibility. Which areas would you recommend the compan
r-ruslan [8.4K]

 Answer:

IKEA is the world´s largest furniture retailer and lot of woods are required to make these furniture. Therefore, they have more responsibility toward environment.

If I am hired as a consult IKEA on topic of corporate social responsibility, then my area of focus will be environment:

a) Protection of forest.

b) Ban emission of harmful gases.

These could be address by starting a tree plantation campaign, especially near forest as there are many forests are burning due to various reason, also donating fund to protect animal living in forest. Also avoid unnecessary usage of AC, encourage people for car pooling and usage of electric vehicle. We as an organisation IKEA have lead with an example.

6 0
3 years ago
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