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Juli2301 [7.4K]
1 year ago
15

sabrina company recorded an adjusting entry for salaries owed to employees at the end of the year. as a result of this entry, sa

brina company's: (select all that apply.)multiple select question.
Business
1 answer:
mafiozo [28]1 year ago
4 0

Sabrina Company recorded an adjusting entry for salaries owed to employees at the end of the year. As a result of this entry, Sabrina Company's equity decreases and liabilities increase.

<h3>What is equity?</h3>

Equity in finance refers to ownership of assets that may be accompanied with debts or other liabilities. Liabilities are subtracted from asset value to calculate equity for accounting reasons.

<h3>What is liabilities?</h3>

A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.

To learn more about liabilities visit:

brainly.com/question/15006644

#SPJ4

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I'm going to use common sense and say A.

Explanation:

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3 years ago
On September 11, 2016, Home Store sells a mower for $450 with a one-year warranty that covers parts. Warranty expense is estimat
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Answer:

Date      Accounts Titles and Explanations     Debit        Credit  

Sept, 11           Cash                                             $450  

2016         Sales                                                               $450  

                (To record the Cash Sales)

Sept, 11        Warranty Expenses                         $40.50  

2016              ($450 x 9%)

                  Estimated Warranty Payable                   $40.50  

                 (To record the Warranty Expenses)    

July, 24       Estimated Warranty Payable             $32

2017             Repairs Parts Inventory                                       $32

             (To record the material taken from Inventory)

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4 years ago
DEFINE visible trade and invisible trade​
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visible trade in economics, exchange of physically tangible goods between country involving import and export it is distinguished from invisible trade

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3 years ago
Barney Googal owns a garage and is contemplating purchasing a tire retreading machine for $12,820. After estimating costs and re
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Answer:

the present value is $13,588.97

Explanation:

The computation of the present value of the retreading operation is shown below:

As we know that

Present value = Future value ÷  (1 + rate of interest)^time period

= $2,700 ÷ 1.09^1 + $2,700 ÷ 1.09^2 + $2,700 ÷ 1.09^3 + $2,700 ÷ 1.09^4 + $2,700 ÷ 1.09^5 + $2,700 ÷ 1.09^6 + $2,700 ÷ 1.09^7

= $13,588.97

Hence, the present value is $13,588.97

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