Answer:
Part (1) November 1
The amount paid is the rental advances and must be recorded as advances which falls under the current asset category:
Dr Rental Advances $90,000
Cr Bank account $90,000
Part (2) December 31
On this date, some of the rental advances paid would be realized as expenses from the period November 1, 20X1 to December 31, 20X2.
This time duration constitutes to 2 months and the rental advance made on November were for five months. Out of these 5 months, 2 months share must be recognized as expense which is
The relevant entry would be:
Dr Rental Expenses $36,000
Cr Rental Advances $36,000
Answer:
The adjusting entry will be shown below:
Explanation:
The adjusting journal which is to be recorded in the following case will be:
Office Supplies expense A/c..............................Dr $2,275
Office Supplies A/c.........................................Cr $2,275
As the amount $3,900 is already debited and at the year end, the remaining amount of office will be posted to the account of the office supplies expense against the office supplies account.
Working Note:
Amount = Debited amount of office supplies - Offices supplies on hand
= $3,900 - $1,625
= $2,275
Social workers should take appropriate safety training and practice safety measures because they are working with clients who may have a variety of issues. Social workers work with people who may have mental illness or be under the influence of drugs or alcohol. Social workers also visit client’s homes on their own, so it is essential for them to know how to be safe.
The answer is B. Financially protect against unexpected accidents
Answer:
Yes
Explanation:
If a kid sells things daily to people to make profit then that kid would have a "business"