<span>John's mistake of driving his car to work, instead of to the golf course to play with his friends, is an example of habitual behavior. John has developed the habit of driving to work during his work week. Even though he is now on vacation, he falls victim to habitual behavior and proceeds to the incorrect destination.</span>
Answer:
each shareholder has $250,000 of the dividends.
Explanation:
At the end of the year, just before the distribution, each shareholder's basis is:
= $400000 + 10000 + 50000
= $550,000
after the distribution, each shareholder's basis is:
= 300000 + 200000
= $500000
therefore, each shareholder has $250,000 of the dividends.
<span>b. 3.00 is the answer, I believe!</span><span />
Answer:
The Journal entries are as follows:
(i) On May 4,
Accounts payable A/c Dr. $700
To cash $700
(To record the supplies)
(ii) On May 7,
Accounts receivable A/c Dr. $6,800
To service revenue $6,800
(To record the service revenue)
(iii) On May 8,
Supplies A/c Dr. $850
To accounts payable $850
(To record the purchase of supplies on account)
(iv) On May 9,
Equipment A/c Dr. $1,000
To cash $1,000
(To record the equipment purchased)
(v) On May 17,
Salary expense A/c Dr. $530
To cash $530
(To record the salary expense)
(vi) On May 22,
Repair expense A/c Dr. $900
To accounts payable $900
(To record the repair expense)
(vii) On May 29,
Prepaid Insurance A/c Dr. $1,200
To cash $1,200
(To record the prepaid insurance)
Blake bliss is 22 years old
