Answer:
A. Received cash by issuing common stock
Debit: Cash
Credit: common stock
B. Received cash for services to be performed in the future.
Debit: Cash
Credit: unearned revenue.
C. Paid salaries payable
Debit: salaries payable
Credit: cash
D. Provided services on account.
Debit: accounts receivable
Credit: service revenue
E. Paid cash for operating expenses
Debit: operating expenses
Credit: cash
Explanation:
A. Received cash by issuing common stock
Debit: Cash
Credit: common stock
B. Received cash for services to be performed in the future.
Debit: Cash
Credit: unearned revenue.
C. Paid salaries payable
Debit: salaries payable
Credit: cash
D. Provided services on account.
Debit: accounts receivable
Credit: service revenue
E. Paid cash for operating expenses
Debit: operating expenses
Credit: cash
Answer:
$10,000
Explanation:
Net Credit Sales $250,000
Allowance for Doubtful Accounts $250,000*4%=$10,000
Bad Debt Expense will be $10,000
Bad Debt Expense Dr.$10,000
Allowance for Uncollectible Cr.$10,000
Answer:
$115.38
Explanation:
Since Nancy only has to pay 20% of her health insurance premium, her total biweekly deduction = $3,000 / 26 weeks = $115.38
Generally health insurance premiums are paid on a monthly basis, but lately some health care providers are starting to take quarterly, semiannual and even annual payments. The thing is that you always pay in advance, so generally people choose to pay it with their paychecks. It makes sense, since unless you earn a lot of money, a $3,000 payment would represent a large portion of your salary.
Answer:
Option d (reduction in the rate of inflation) is the appropriate option.
Explanation:
- Disinflation seems to be a decline throughout the pace of price growth that happens traditionally throughout a recession because this availability of commodities exceeds the threshold value for themselves.
- Although unlike deflation, whenever consumer prices inevitably decline, disinflation income levels don't collapse, perhaps the inflation rate appears zero.
Some other choices being made aren't connected to the circumstance offered. So the answer above is the right one.
