Answer:
Total net activity in the inventory account in February was:
D : $97,216.
Explanation:
Purchases________________________ 100000
FOB_____________________________ 200
Allowance_______________________ 1000
Debt____________________________ 99200
terms 2/10 n/30___________________ 2%
1984
Net activity in the inventory_________ 97216
Answer:
The signing bonus of $26,000 payable after one year of employment.
Explanation:
Signing bonus can be said to be am amount of money or cash which is been paid to a new employee which an organisation or company newly employed in which such money paid to the new employee is an incentive for joining that company reason been that the incentive are often given as a way of making a compensation package more attractive to the employee especially in a situation where the annual salary is lesser than they desire.
Therefore assuming that he will remain at the firm for a least one year and given a relevant interest rate of 15%, Jerry should choose The signing bonus of $26,000 payable after one year of employment.
Answer:
Adjusting Entries
<u>October 31, 2017</u>
Supplies expense Dr $1600 ($2300-$700)
Supplies Cr $1600
<u>October 31, 2017</u>
Insurance expense Dr $300
Prepaid insurance Cr $300
<u />
<u>October 31, 2017</u>
Depreciation expense Dr $80
Accumulated depreciation Cr $80
<u>October 31, 2017</u>
Unearned Service Revenue Dr $600
Service Revenue Cr $600
<u />
<u>October 31, 2017</u>
Accounts Receivable Dr $300
Service Revenue Cr $300
<u>October 31, 2017</u>
Interest Expense Dr $90
Interest payable Cr $90
<u>October 31, 2017</u>
Salaries and Wages Expense Dr $1200
Salaries and Wages Payable Cr $1200
daily. so hyou can keep an everyday record
Answer:
($39,700)
Explanation:
Cash outflows:
($40,000) exchanged for common stock.
($1,200) used to pay salaries.
Cash inflows:
$1,500 received from a sale
So we have a negative 41,200 representing cash outflows, and only $1,500 in cash inflows (we are not told if the $200 billed were already received so I will leave them out). Making a simple arithmetic operation, we obtain the answer:
Cash balance = -$41,200 + $1,500
= -$39,700
