Answer:
I think it's C
Explanation:
Hshdh lowballing is basically changing the price lower or higher until someone agrees right.
Answer:
Brett's outside tax basis in his LLC interest = $48,000
Explanation:
As per the data given in the question,
Cash = $6,000
Adjusted basis of building = $32,000
Debt of building = -$37,000
50% profit sharing ratio × $52,000 = $26,000
Now recourse mortgage - adjusted basis = ($37,000-$32,000)
= $5,000
Remaining mortgage on building = 50% × $32,000
= $16,000
Brett's outside tax basis in his LLC interest = $48,000
Answer:
salaries expense 33600
income tax payable 3360
FICA payable 2570.4
SUTA 9
FUTA 7.2
salaries payables 27653.4
Explanation:
accumulated current Income Tax FICA State Federal
Will 6700 800 80 61.2 3 2.4
Raye 6400 700 70 53.55 6 4.8
Baker 7500 1100 110 84.15
Lopez 13800 2000 200 153
Daniels 107800 11800 1180 902.7
Kingston 113200 <u>17200 1720 1315.8 </u>
33600 3360 2570.4 9 7.2
Answer:
1. At August 31, Roddick owed his employees $1,900 in wages that will be paid on September 1.
Dr Wages expense 1,900
Cr Wages payable 1,900
2. At the end of the month, he had not yet received the month’s utility bill. Based on past experience, he estimated the bill would be approximately $600.
No journal entry necessary, you cannot make records based on approximate expenses. You should make the adjusting entry after the bill is received, not before.
3. On August 1, Roddick borrowed $30,000 from a local bank on a 15-year mortgage. The annual interest rate is 8%.
Dr Interest expense 200
Cr Interest payable 200
4. A telephone bill in the amount of $117 covering August charges is unpaid at August 31.
Dr Telephone expense 117
Cr Telephone payable 117
a. defects that occurred during the manufacturing process
