Answer:
Increase Rent Expense, $4,000; decrease Prepaid Rent, $4,000.
Explanation:
Since Fisher Shoe Store paid $24,000 to Acme Realty for 6 months rent beginning July 1, we will calculate monthly rent amount by:
24,000/6 = $4,000
Financial statements are prepared on July 31, so we will adjust the July rent in the adjusting entry.
We will debit the rent expense by $4,000 and credit the prepaid rent which is an asset to decrease it by an amount of $4,000.
Amount of dividends per share to be received each year
Answer:
Utilitarianism.
Explanation:
Utilitarianism is extraordinary compared to other known and most compelling moral theories. Like different types of consequentialism, its center thought is that whether activities are morally right or wrong relies upon their belongings. All the more explicitly, the main impacts of activities that are important are the great and terrible outcomes that they produce.
Answer:
Date Account Title and Explanation Debit Credit
XXXX Cost of goods sold $5,800
To manufacturing overhead $5,800
(Entry for unapplied overhead transfer to cost of goods sold)
Answer:
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Explanation:
