Answer and Explanation:
The preparation is presented below:
<u> McDaniel Company </u>
<u> Partial balance sheet</u>
Particulars Amount
Current liabilities
Note payable $250,000
Long term debt
Note payable refinance $950,000
Total liabilities $1,200,000
We simply added the long term debt and the current liabilities so that the total liabilities could come
The people who may be significantly affected by the outcome of this negotiation by the manager include the employer and the customers.
<h3>Who is a manager?</h3>
It should be noted that a manager simply means an individual who oversees the team in a company and ensures that the goals of the company are achieved.
In this case, Ken is the produce manager at saying way a large Supermarket that is part of a national chain and after completing a few management courses offered by his employer, as well as five years of service at the supermarket, he is up for a promotion to assistant manager and is about to negotiate his new salary.
In this case, the people who may be significantly affected by the outcome of this negotiation by the manager include the employer and the customers. This was illustrated in the information.
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Answer:
Explanation:
The necessary adjusting entries at December 31 to record amortization required by the events above has been prepared.
It should also be noted that due to the goodwill having an indefinite life, no entry was made to amortize the goodwill.
It should be noted that the amortization expense was gotten as:
Annual amortization = $75,000/5
= $15,000
2015 amortization= $15,000 × 8/12months
= $15,000 × 2/3
= $30,000/3
= $10,000
Kindly check the attached file forthe adjusting entries
Maybe you should start working on them now because if you don’t then it’s going to be on you. And you’ll have to redo whatever the class
Answer:
Explanation:
1.
Petty Cash (200-50.6) Dr.$149.4
Cash Cr.$149.4
Freight In Dr. $58.4
Postage Dr.$40
Balloons Expense Dr.$20
Meals Expense Dr.$25
Cash Cr.$143.4
2. Petty Cash Dr.$50
Bank/Cash Cr.$50