Answer:
the amount paid during the year is $16,875
Explanation:
The computation of the amount paid during the year is shown below:
Opening Balance $3,757
Add: Wages expense $15,188
Less: Closing Balance -$2,070
Amount Paid $16,875
Hence, the amount paid during the year is $16,875
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
The more you invest and the earlier you start means your retirement savings will have that much more time and potential to grow, compound earnings may be the result of investing earlier and continuing to invest.
Explanation:
Answer:
b. Book Error
e. Interest earned on the Checking account
f. Collections of Accounts receivable by the bank.
Explanation:
Items which must be adjusted to the book balance as this question is concerned are <u>Book Error</u>, <u>Interest earned on the Checking account</u> & <u>Collections of Accounts receivable by the bank.</u>
These above items require adjustment in book balance to compute the adjusted book balance.
Answer:
Unilever is applying its understanding of internal consumer processes by using several points of the psychological core to market its product in order to create valuefrom customers in return. ... It creates a relationship between the customer and the brand.
Explanation:
Answer:
1. November 01,2021
Dr Cash 51000
Cr Notes Payable 51000
2. December 31,2021
Dr Interest expense 510
Cr Interest Payable 510
3. February 01,2022
Dr Interest expense 510
Dr Interest Payable 255
Dr Notes Payable 51000
Cr Cash 51,765
Explanation:
Preparation of to record the necessary entries
1. November 01,2021
Dr Cash 51000
Cr Notes Payable 51000
(Being to Record the issuance of note)
2. December 31,2021
Dr Interest expense 510
(51,000*6%*2/12)
Cr Interest Payable 510
(Being to record the adjustment for interest)
3. February 01,2022
Dr Interest expense 510
Dr Interest Payable 255
(51,000*6%*1/12)
Dr Notes Payable 51000
Cr Cash 51,765
(510+255+51000)
(Being to Record the repayment of the note at maturity)
