Answer:
paradigm shift
Explanation:
Based on the information provided within the question it can be said that this is an example of a paradigm shift. This term refers to a fundamental change within an a company's or entity's set of discipline or norms of it's basic concepts. Which in this scenario adding same day home delivery drastically changes the basic concept of an in person organic food grocery store as people are able to order online and never have to set foot into the store. Which may even lead the store to close their brick and mortar store and function strictly online.
Answer:
Please refer the journal entries below
Explanation:
Trade Discount:
There is no accounting entry for the trade discount, trade discount is simply deducted from the total amount and the entry is passed after incorporating the trade discount
1) Audrey’s Antiques
Since Audrey’s Antiques have taken the services amounting more than $1,000, they are eligible for the trade discount of 12% i.e. ( 12% of $1,900) = $228, hence Income will be recorded at ($1,900 - $228) = $ 1,672
Advertising Fee Receivable Debit $ 1,672
Advertising Fee Income Credit $ 1,672
2) Michael’s Motors
Since Michael’s Motors have taken the services amounting less than $1,000, they are not eligible for the trade discount of 12%
Advertising Fee Receivable Debit $ 540
Advertising Fee Income Credit $ 540
Answer:
Received investment of cash by organizers and distributed to them 1,000 shares of $1 par value common stock with a market price of $40 per share
Dr. Cr.
Cash $40,000
Common stock @ 1 $1,000
Add-In capital Common Stock $39,000
Purchased $15,000 of equipment, paying $3,000 in cash and owing the rest on accounts payable to the manufacturer
Dr. Cr.
Equipment $15,000
Cash $3,000
Account Payable $12,000
Borrowed $10,000 cash from a bank
Dr. Cr.
Cash $10,000
Bank Loan $10,000
Loaned $800 to an employee who signed a note.
Dr. Cr.
Note Receivable $800
Cash $800
Purchased $13,000 of land paid $4,000 in cash and signed a mortgage note for the balance
Dr. Cr.
Land $13,000
Cash $4,000
Mortgage Note Payable $9,000
Answer:
a) Navigate to the + New button then find the Transfer link
Explanation:
In the case when the client wants to transfer $500 from the checking to the saving account so that the liabilities of the tax could be covered. Now the process would be started via navigating it to the new button and then find the transfer link
Therefore the correct option is a
Hence, the rest of the options are incorrect
The answer in the space provided is the mutual benefit
organizations as this is the one responsible of advancing the members’
interests in which is a voluntary collective. This is an organization or
corporation that are non profited and are being established in ways that will
be of benefit to the people involved.
