Answer:
c. liabilities.
Explanation:
liabilities are the creditors claims to the assets of the business/property.
Answer:
$950
Explanation:
Since the total amount of items purchased by the thief is $950, then Brandon has to pay back the amount deducted from his card.
Answer:
The $2,700 is the amount which recognized as net accounts receivable on the balance sheet as of November 30
Explanation:
The computation of net accounts receivable is shown below:
= Selling price of softball equipment - defective merchandise amount
= $3,000 - $300
= $2,700
The $1,800 is not considered in the computation part because the Wilton company received an order from Douglas high school which is irrelevant for Paola middle school. Neither the discount terms are considered because the company did not receive the amount.
Answer & Explanation:
C. the benefits accrue to politically powerful government officials and their constituents
Answer and Explanation:
The journal entry to record the issuance of the bond is shown below
On Jan 1, 2018
Cash (5,900,000 × 101%) $5,959,000
Bonds Payable $5,900,000
Premium on Bonds Payable $59,000
(Being the issuance of the bond is recorded)
Here the cash is debited as it increased the assets and credited the bond payable & premium on bond payable as it also increased the liabilities
