1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tju [1.3M]
3 years ago
12

Transactions for Skysong Company for the month of May are presented below. Prepare journal entries for each of these transaction

s. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) May 1 B.D.Skysong invests $3,800 cash in exchange for common stock in a small welding corporation. 3 Buys equipment on account for $1,086. 13 Pays $410 to landlord for May rent. 21 Bills Noble Corp. $500 for welding work done. (Use Service Revenue account.)
Business
1 answer:
ExtremeBDS [4]3 years ago
3 0

Answer:

Explanation:

The journal entries are shown below:

May 1 -  Cash A/c $3,800

                To Common stock A/c  $3,800

(Being stock is exchanged for cash)

May 3 -  Equipment A/c Dr $1,086

                  To Account payable A/c $1,086

(Being equipment purchased in credit)

May 13 - Rent expense A/c Dr  $410

                 To Cash A/c                      $410

May 21 - Accounts receivable A/c  Dr $500

                 To Service Revenue A/c                     $500

(Being the completed work recorded)

 

You might be interested in
Seigel Co. maintains a defined-benefit pension plan for its employees. At each balance sheet date, Seigel should report a pensio
chubhunter [2.5K]

Answer:

d.funded status relative to the accumulated benefit obligation.

Explanation:

Employees should be informed funded status relative to the accumulated benefit.

7 0
3 years ago
Read 2 more answers
Categories of expenditures Gilberto and Juanita Jones live in Swarthmore, PA. Juanita's father, Lorenzo, lives in Sweden. For ea
kotegsom [21]

Answer:

a. Imports

b.Exports or Consumption

c. Consumption

d. Government Spending

e. Consumption.

Explanation:

a. if Gilberto buys Italian wine in the US that is part of consumption spending because the store that Gilberto buys from already imported the wine from Italy and paid all the costs that go with it but if Gilberto orders the wine from Italy that will be part of imports because the wine will have to be imported then have all those importing costs on it.

b. Juanitas father will be exporting the syrup if its from the US even though he might buy it online as he lives in Sweden .

c. Juanita will be part of consumption spending for goods and services as this will be part of the US GDP consumption spending.

d. This is part of government purchases as the government will spend on everything that includes repaving the high way.

e. Consumption spending because they are manufactured in the US and they are in the US therefore its part of the US purchases of goods and services.

8 0
2 years ago
True or false: Managers know the importance of staff orientation, training, and development, so scheduling employees for it rare
Marat540 [252]

It is True that Managers know the importance of staff orientation, training, and development, so scheduling employees for it rarely conflicts with other organizational priorities.

<h3>What is Staff Management?</h3>

Staff management refer to the activities carried out or tasks performed by organization mangers in order to supervise, train, guide, develop and orienttate employees to achieve improved goals or mission. The managers tend to train, orientate and develop their staffs through various means to achieve set goals.

Therefore, It is True that Managers know the importance of staff orientation, training, and development, so scheduling employees for it rarely conflicts with other organizational priorities.

Learn more about Staff management from the link below.

brainly.com/question/1264817

4 0
2 years ago
Susan is a sales representative for a u.s. weapons manufacturer. she makes a $100,000 "grease" payment to a u.s. government offi
Vsevolod [243]

Answer: False

Explanation:

<em>The given statement from the following case/scenario is false</em> because in accordance to the rules of law of United States of America , the payments made to foreign officials are always deductible. Therefore the payments that are made by Susan to the Saudi officials are deductible, unless and until they are illegal .

7 0
3 years ago
All your clients like to be listened to accurately. If your client is culturally different from you, it may be more difficult fo
elena55 [62]

Answer: A . Learning the political / power structure of the client's community.

Explanation: Communication is of the utmost important whether verbal or non verbal especially in an envolving global world where people are travelling round the world and mixing, interacting and also doing business together. Due to this fact, intercultural communication arises which means peolpe are learning and knowing about other peoples culture , as well as knowing your client's culture or ethnic group. This helps you to better understand what to say and do in terms of verbal and non verbal communication. It also helps you know how to handle and address people from other cultures and ethnic groups.

Politics and religion are sensitive issues in many cultures and in discussing or doing business with people from different cultural background these sentive issues are often avoided in order not have misunderstanding or crises. By avoiding these issues business will go on smoothly. This also shows that there will be mutual respect with the parties involved.

8 0
3 years ago
Other questions:
  • The demand for most products varies directly with changes in consumer incomes. Such products are known as_________.
    13·2 answers
  • Michael Burda of Humboldt University in Germany and Daniel Hamermesh of the University of Texas examined how workers in the Unit
    6·1 answer
  • What is a<br> purpose of drawing up budgets in a business
    12·1 answer
  • Businesses use productivity suites in order to ________. a. Be on the cutting edge of technology b. Justify spending money on ca
    5·1 answer
  • Which of these careers are examples of marketing occupations? Select all that apply. (2 points)
    9·1 answer
  • InSeason Inc. started a chain of organic supermarkets that had initial success. The managers achieved a mastery of the firm's cu
    8·1 answer
  • Normally, a person with a high level of education makes more money than a person without an education.
    5·1 answer
  • Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $12,750 cash an
    5·1 answer
  • What would be your dream job working in the Sports Marketing world and why?
    8·2 answers
  • if a new poverty measure were calculated to include wealth (total debts subtracted from total assets), that new poverty measure
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!