The answer to the question
Dharma and Jorge are looking at cell phone plans. A
1 answer:
Answer:
Dharma and Jorge should purchase a group plan.
They could save $9.55
Step-by-step explanation:
A group plan will cost an average of $135.95 per month.
An individual plan will cost an average of $72.75 per month.
Two individual plans will cost an average of
per month.
Since $145.50 > $135.95, Dharma and Jorge should purchase a group plan.
They could save
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Following are the general entry to the given question:
For Question 1:
Date Account Titles and Explanation Dr Cr
31-Jan-2024 Revenue Service $17,500
Summary of Income $17,500
(Finishing the revenue account)
31-Jan-2024 Summary of Income $7,100
Expense of Salary $3,600
Expense on rent $1,800
Expense of Depreciation - equipment $300
Expense on Supplies $400
Expense on Utilities $1,000
(To close the expenditure account)
31-Jan-2024 Summary of Income $10,400
Retained Earnings $10,400
(To bring net income into line with retained profits)
31-Jan-2024 Retained Earnings $1,000
Dividend $1,000
(To close net dividend to retained earnings)
For Question 2:
A net income of $10,400 is generated. They may compute it by subtracting total expenses from the entire revenue.
Total Revenue= $17,500
Total Expenses=$7,100
- Please find the complete question in the attachment file.
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