Answer and Explanation:
The journal entries are shown below:
1. Equipment Dr $21,300
To cash $21,300
(Being the equipment is purchased for cash)
For recording this we debited the equipment as it increased the assets and credited the cash as it reduced the assets
2. Cash Dr $6,100
To Service revenue $6,100
(Being the cash received is recorded)
For recording this we debited the cash as it increased the assets and credited the service revenue as it increased the revenue
3. Rent expense $900
To Cash $900
(Being the rent is paid)
For recording this we debited the rent expense as it increased the expenses and credited the cash as it reduced the assets
4. Office supplies Dr
To Account payable
(Being the office supplies purchased on account)
For recording this we debited the office supplies as it increased the assets and credited the account payable as it increased the liabilities
5. Salaries expense
To cash
(Being the salaries paid is recorded)
For recording this we debited the salaries expense as it increased the expenses and credited the cash as it reduced the assets
Not paying attention to the road, listening to loud music (distracting), and TEXTING WHILE DRIVING. That is one of the leading causes of death.
Answer:
Cash flow from operating activities 284,500
Explanation:
net income 270,000
change in AR
17,000- 9,500 = 7,500(A)
change in AP
28,000 - 21,000 = 7.,000(B)
total change in working capital 14,500
Cash flow from operating activities 284,500
(A)
The account receivable decrease over time this means the account were collected, whch increase cash
(B)
The account payable increase, which means the company receive cash or delay the payment of cash for this period of time. Therefore, the cash increase.
Answer:
If for some reason Costco was to suffer from a lawsuit then it would have no choice but to cut the pay rates of their employees. Also, if there was a depression in the economic that caused a dramatic decrease in the stores profit.
Answer:
"Decrease by 250" is the appropriate response.
Explanation:
The given values are:
Revised fixed cost,
= $150,000
Current selling price,
= $100
Current variable cost,
= $60
Current contribution will be:
= 
= 
= 
Now,
The revised BEP will be:
= 
On substituting the values, we get
= 
= 
hence,
= 
= 
Thus the above is the correct answer.
