Answer:
Check the explanation
Step-by-step explanation:
Journal entries are as follows:-
Date Account Titles Debit Credit
Oct-01. 8% Note Receivable $35,000.00
Land $30,000.00
Gain on sale $5,000.00
(Sale of Land)
Dec-31 Interest Receivable $700.00
Interest Revenue $700.00
(Interest revenue on Note for 3 mon. recognized)
($35,000 * 8% *3/12 = $700)
Answer:
1. 1/2
2. 4/5
3. 9/10
4. 3/4
5. 12/25
6. 18/25
Step-by-step explanation:
This is the concept of proportionality, we are required to calculate for the number of hours two crews can use to paint the house altogether.
Here proceed as follows;
number of hours new crew can paint=12 hrs
portion of work painted by new crew in 1 hour= 1/12
number of hours experienced crew can paint=6 hours
Portion of work painted by experienced crew in 1 hour=1/6
Portion of work painted by the two crews altogether in 1 hour will be:
1/6+1/12=1/4
thus the total amount of hours that the two painters will take to paint will be:
4 hours
Answer:
C
Step-by-step explanation:
you you add three dollars and 25 cents plus $1 + 15 cents which is $4.40 and then times 20 will get you $88
