Answer and Explanation:
The journal entries are shown below:
On Mar 12
Account receivable Dr $9,100
To Service revenue $9,100
(Being the service provided on the account is recorded)
For recording this we debited the account receivable as it increased the assets and credited the service revenue as it also increased the revenue
On Mar 20
Cash $8,918
Sales discount ($9,100 × 2%) $182
To Accounts receivable $9,100
(Being cash received recorded)
For recording this we debited the sales discount and cash as it increased the discount and assets and credited the account receivable as it reduced the assets
Answer:
the balance sheet displays the company's total assets, and how these assets are ... found line items under Current Assets, Long-Term Assets, Current Liabilities, ... This account includes the balance of all sales revenue still on credit, net of any ... Capital
also assets =liabilites
Explanation:
Answer:
Willie should report this item on his 2019 and 2020 tax returns as 2019—$0 ; 2020—$6,000 long-term capital loss.
Explanation:
In year 2020, the loss of $6,000 is classified as a $6,000 long term capital loss because the stock is not § 1244 stock to Willie.
Therefore, Willie should report this item on his 2019 and 2020 tax returns as 2019—$0 ; 2020—$6,000 long-term capital loss.
I believe the answer is C.
Answer:
work specialization
Explanation:
The term being described is known as work specialization. This term, also known as division of labor, is mainly used by companies in order to divide a large job position into smaller, single tasks that can be completed by one individual. The individual that is given such a task is trained thoroughly in order for them to become a specialist in that task and output more precise workloads.
