Answer:
1. T-accounts:
Accounts Debit Credit
Accounts Receivable
Balance $4,200
Service Revenue 8,400
Cash 10,200
Accounts Debit Credit
Service Revenue
Accounts Receivable 8,400
Accounts Debit Credit
Supplies
Balance $400
Accounts Payable 2,300
Balance c/d $2,700
Accounts Debit Credit
Accounts Payable
Balance $3,500
Supplies 2,300
Cash $3,700
Balance c/d $2,100
Accounts Debit Credit
Cash Account
Balance $3,400
Accounts Receivable 10,200
Advertising $1,000
Accounts Payable 3,700
Deferred Revenue 1,100
Balance c/d $10,000
Accounts Debit Credit
Advertising Expense
Cash 1,000
Accounts Debit Credit
Accounts Payable
Cash 3,700
Accounts Debit Credit
Deferred Revenue
Balance $300
Cash 1,100
Balance c/d $1,400
Explanation:
a) Data:
General Entries:
Accounts Debit Credit
1. Accounts Receivable 8,400
Service Revenue 8,400
2. Supplies 2,300
Accounts Payable 2,300
3. Cash 10,200
Accounts Receivable 10,200
4. Advertising Expense 1,000
Cash 1,000
5. Accounts Payable 3,700
Cash 3,700
6. Cash 1,100
Deferred Revenue 1,100
b) The beginning balance of each account before the transactions is:
Cash, $3,400
Accounts Receivable, $4,200
Supplies, $400
Accounts Payable, $3,500
Deferred Revenue, $300
It is possible 1 may sell more than the other or may be somewhat equal I would say false because the companies have different strategies they may each do better things than the other in certain aspects. I would say False but I apologize if I am wrong
The correct answer is C. Validating information to be true and accurate
Explanation:
The process of making decisions involves analyzing the options available through different sources of information. For example, if you are planning to go on vacation but you have not chosen the destination you can read articles about the best places to visit to take an informed decision.
Besides this, the process of finding and reading information to make a decision involves making sure the information is high-quality information, this can be done by analyzing whether the information in the source is supported, updated and written by an expert in the field, which shows the information is true and accurate and guarantees you have reliable information to make a decision. Thus, an effective decision maker ensures quality information by "validating information to be true and accurate".
Answer: $11,453
Explanation:
In 2008:
FICA-Social Security tax was payable at 6.2% of a limit of $128,400.
FICA-Medicare tax was payable at 1.45% of the total amount of $225,200.
Additional Medicare tax was payable on any amount in excess of $200,000 at 0.9%.
= (6.2% * 128,400) + (225,200 * 1.45%) + ( (225,200 - 200,000) * 0.9%))
= $11,453
Answer:
173,500 units
Explanation:
The computation of the number of equivalent units produced by the department is shown below:
= Completed and transferred units × completion percentage + ending work in process units × completion percentage - Beginning work in process units × completion percentage
= 165,000 units × 100% + 22,000 units × 75% - 20,000 units × 40%
= 165000 units - 16,500 units - 8,000 units
= 173,500 units