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
Travka [436]
2 years ago
14

A company received a bill for newspaper advertising services, $340. the bill will be paid in 10 days. how would the transaction

be recorded today?
Business
1 answer:
Sladkaya [172]2 years ago
6 0

The transaction for the bill for newspaper advertising services will be recorded today as a debit to Advertising Expenses and a credit to Accounts Payable (Advertising Payable).

<h3>How is an accrued expense recorded?</h3>

An accrued expense refers to an incurred outgoing that the service has been enjoyed previously and payment is due later.

According to the matching principle and accrual concept of generally accepted accounting principles, all expenses incurred within a financial period must be recognized in that period whether cash has been exchanged or not.

Thus, the transaction for the bill for newspaper advertising services will be recorded today as a debit to Advertising Expenses and a credit to Accounts Payable (Advertising Payable).

Learn more about recording accrued expenses at brainly.com/question/14524895

#SPJ1

You might be interested in
Jeremy recently started working at All Tech Info Services. The company spends a lot of money on ensuring that its employees are
Elanso [62]

Jeremy's career development responsibility involves the <u>recognition of the particular needs</u> he can realistically develop.

<h3>What is career development planning?</h3>

Career development planning is a long-term process by which an employee explores and manages life, learning, and work opportunities to benefit them and their employers.

Career development planning involves stages, including:

  • Needs assessment
  • Exploration
  • Preparation
  • Implementation
  • Decision-Making.

Thus, Jeremy's career development responsibility involves the <u>recognition of the particular needs</u> he can realistically develop.

Learn more about career development planning at brainly.com/question/4606167

#SPJ112

6 0
2 years ago
In the new department she is setting up, Shondra decides that top managers will report to her and that everyone else will report
Drupady [299]

The management function that Shonda is performing when she decides that top managers will report to her while everyone else reports to the head of human resources is <u>iii. organizing.</u>

<h3>What is Organizing in management functions?</h3>

Organizing is that function of management involving the development an organizational structure so that human resources are arranged for the achievement of organizational objectives. Organizing also involves the design of the jobs of individuals.

Thus, the management function Shondra performs here is <u>Option III</u>.

Learn more about management functions at brainly.com/question/17083312

7 0
2 years ago
9. A bank loaned York Construction Company $35,000 on a 1-year, 6% note, but deducted the interest in advance. The journal entry
Rudiy27

Answer: The correct answer is c. increase in Discount on Notes Payable for $2,100.

Explanation: 6% of $35,000 for a year is $2,100. From the facts in the question, the Bank deducted the interest in advance, this means the net cash York Construction Company got was $35,000 - 2,100 = $32,900 but note that this does not change the principal amount obligation the Company is obliged to pay the bank, which remains $35,000. What the Company needs to do is to recognize the $35,000 as Notes Payable (Debit Cash and Credit Notes Payable) and recognize a Discount on Notes Payable of $2100 (Debit Discount on Notes Payable and Credit to Cash). Subsequently, based on the 1-year tenor, the Company would unwind the discount to finance charge / interest expense as $2,100 / 12 = $175 monthly (Debit Interest expense; Credit Discount on Notes Payable).

4 0
3 years ago
Betty Brown is currently developing a mission statement for her boutique. In what stage of growth is Betty's business?
soldi70 [24.7K]
I believe the answer is either C or d
7 0
3 years ago
Read 2 more answers
Which of the following is a subjective-rather than an objective-factor that colleges might evaluate when looking at your applica
sashaice [31]
The correct answer is C. the impression you make on admissions officers during an on-campus interview.
The rest of the options are quite objective - these officers have a certain set of rules that every applicant has to meet in order to be enrolled in a university. However, what is subjective about this is the effect that the applicant may have on the officers - the better the impression is, the more likely it is that he or she will be admitted into their preferred university.
5 0
3 years ago
Read 2 more answers
Other questions:
  • At the beginning of the year (January 1), Buffalo Drilling has $10,000 of common stock outstanding and retained earnings of $7,5
    9·1 answer
  • Where in the CAFR would one find the long-term liability for revenue bonds (paid from the revenues of an enterprise fund)?
    10·1 answer
  • A company's gross profit (or gross margin) was $129,650 and its net sales were $502,900. Its gross margin ratio is
    11·1 answer
  • The modified accelerated cost recovery system (MACRS):Multiple ChoiceIs required for financial reporting.Does not allow partial
    9·1 answer
  • If Digipics were to begin selling the cameras it assembled directly to customers through a website operated by the company, this
    15·1 answer
  • Within the relevant range, if there is a change in volume then:__________A) Fixed and variable costs per unit will changeB) Fixe
    12·1 answer
  • The owner of Genuine Subs, Inc., hopes to expand the present operation by adding one new outlet. She has studied three locations
    6·1 answer
  • As the marginal propensity to consume (MPC) increases, the spending multiplier: Increases, decreases, stays the sameIf the margi
    13·1 answer
  • At the beginning of 2014, Sabrina Company had the following normal ledger balances: Accounts Receivable: $24,000 Allowance for U
    15·1 answer
  • Fairlawn Partners Consulting is a management-consulting firm that provides its expertise to businesses that employ its services.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!