Answer:
1. Dr Salaries expense 590
Cr Bank 590
2. No journal entry is required
3. Dr Vehicle maintenance 390
Cr Bank 390
Explanation:
1. Entry will be created because salaries are of companies employees.
2. In event 2 there is not mentioned of any company equipment purchase and mostly payment is done through checks in company not through credit cards.
3. This event is solely business event because it is clearly stated of company vehicle.
If you were referring to the Person Specification, then it is a personal information used by job seekers to be presented to their employers. They usually contain: qualifications, skills, work experience and other details about a person. They are used to judge whether a person is qualified to take up that position.
I think it would be D, because to have morals means that you have values. It's basically what they believe in and so on.
Answer:
Teaser rate
Explanation:
A teaser rate is a low, adjustable introductory interest rate advertised for a loan, credit card, or deposit account in order to attract potential customers to obtain the service. The teaser rates are normally too good to be true for the long term, and are far below the common realistic rate for the service. This can he as low speed 0% at the initial stages.
Cheers.
Answer:
Explanation:
The journal entries are shown below:
(a) a $415 credit balance before the adjustment.
Bad debt expense A/c Dr $685
To Allowance for Doubtful Accounts $685
(Being bad debt expense recorded)
Since the allowance for doubtful debts have a credit balance so this amount will be deducted. The computation is shown below?:
= (Outstanding accounts receivable × uncollectible rate) - credit balance
= ($55,000 × 2%) - $415
= $1,100 - $415
= $685
(b) a $291 debit balance before the adjustment.
Bad debt expense A/c Dr $1,391
To Allowance for Doubtful Accounts $1,391
(Being bad debt expense recorded)
Since the allowance for doubtful debts have a debit balance so this amount will be added. The computation is shown below?:
= (Outstanding accounts receivable × uncollectible rate) + debit balance
= ($55,000 × 2%) + $291
= $1,100 -+$291
= $1,391
