Answer and Explanation:
The Journal entry is shown below:-
1. Cash Dr, $31,770
To Common stock $31,770
(Being issuance of shares for cash is recorded)
2. No Journal Entry is required
3. Office furniture Dr, $3,740
To Accounts payable $3,740
(Being purchase of office furniture on credit is recorded)
4. Accounts receivable $10,430
To service revenue $10,430
(Being customer billed for service is recorded)
5. Cash $185
To credit revenue $185
(Being cash received for service is recorded)
6. Accounts payable $800
To cash $800
(Being cash paid for office furniture purchased is recorded)
7. Salaries expense Dr, $3560
To cash $3560
(Being salary paid is recorded)
Answer:
Owner's equity.
Explanation:
Owner's equity is the amount of ownership/value the owner has in the business after subtracting debt and liabilities.
<span>It's probably C. It's measurable</span>
Answer:
FV = PV(1 + r)n
FV = 1,000(1+0.058)3
FV = $1,184
Dollar amount of interest
= $1,184 - $1,000
= $184
Explanation:
In this case, we need to determine the future value of $1,000 invested on the bond. Then we will deduct the present value from the future value so as to obtain the dollar amount of interest.