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1 year ago

2008 1 Mar Started business with $1,000 cash.credit or debit

Business

1 answer:

SSSSS [86.1K]1 year ago

3 0

Answer:

The cash a/c is debited as it is an asset for the business and the capital a/c is credited as it is a liability for the business according to the business entity concept.

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A company issues $60,000 of 6%, 5-year bonds dated January 1 that pay interest semiannually on June 30 and December 31 each year

bekas [8.4K]

Answer:

Decrease, $2,000

Explanation:

The premium on bonds payable will <u>decrease </u>total interest expense recognized over the life of the bond by <u>$2,000</u>. The difference between the face value & the issue value $2,000 ($62,000 - $60,000) should be amortize over a period of time and of which is reduced from interest expense.

6 0

2 years ago

What is the cost of production associated with labor? A. taxes B. profit C. rent D. wages

grin007 [14]

ANSWER:

a. taxes

~batmans wife

3 0

3 years ago

Read 2 more answers

In a _______ organization lower-level managers are empowered to make decisions which can ________ motivation and job satisfactio

cupoosta [38]

Answer:

The correct answer is B

Explanation:

Decentralized is the process in which the power, functions are distributed or dispersed from the central location or authority to the lower level of the management.

So, in a organization or company which is decentralized where lower level managers are empowered for taking a decision leads to increase in the motivation as well as the job satisfaction of the employees.

3 0

3 years ago

In its first year of business, Borden Corporation had sales of $2,020,000 and cost of goods sold of $1,210,000. Borden expects r

Iteru [2.4K]

Answer: Please see answers in explanation column

Explanation:

Accounts title and explanation Debit Credit

Sales returns and allowances $121,200

Sales refund payable $121,200

Calculation

Expected Sales returns and allowances = sales x expected percentage

= 2,020,000 x 6%= $121,200

Accounts title and explanation Debit Credit

Inventory returns estimated $72,600

Cost of goods sold $72,600

Calculation

expected Cost of goods sold = Cost of goods soldx expected percentage

= 1,210,000 x6%=$72,600

7 0

3 years ago

Carol and Dave each purchase 100 shares of stock of Burgundy, Inc., a publicly owned corporation, in July for $10,000 each. Caro

Illusion [34]

Answer:

b. They are treated differently because the loss in value of Carol's stock is the result of a sale, while the loss in value of Dave's stock is simply a decline in value.

Explanation:

Although the stock owned by Carol and by Dave declines in value by $2,000, however Carol only has a realized and recognized loss of $2,000. The main factor in determining whether a disposition has taken place often whether an identifiable event has occurred. In the current scenario, Carol’s stock sale qualifies as a disposition and the Dave’s stock value decline does not qualify as a disposition and is simply a decline in value.

6 0

3 years ago

2008 1 Mar Started business with $1,000 cash.credit or debit​

2008 1 Mar Started business with $1,000 cash.credit or debit