To adjust for rent used up during the year that was recorded to the prepaid rent account when paid for;
- Rent expense is debited, prepaid rent is credited
<h3>Prepaid rent account</h3>
A prepaid rent account simply a current asset account that's responsible for reporting the amount of future rent expense that was paid in advance of the rental period.
On this note, the amount reported on the balance sheet is the amount that has not yet been used or expired as of the balance sheet date.
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Explanation:
The journal entry to record the re-issuance of the stock is shown below:
Cash A/c Dr $240,000 (20,000 shares × $12)
Retained earnings A/c Dr $80,000
To Treasury stock $320,000
(Being the re-issuance of the stock is recorded)
The computation is shown below:
For treasury stock
= 20,000 shares × ($16 per share - $12 per share)
= $80,000
So as we can see the retained earnings is decreased by $80,000
Answer:
Explanation:
There are two things that Aaron can do to make sure of this. The first is to make the office wheelchair-friendly. Meaning installing ramps in the necessary places so that the candidate can easily traverse the office and get to and from the places she needs easily and by herself. The second thing that Aaron can do is make sure that the candidate's abilities are better than the other candidates. These skills will make her an asset because she will be able to bring insight and experience that the other candidates would never be able to.
Capacity ratio is a comparison of the number of working days in the budgeted period as well as the actual number of working days in the same period.
<h3>What is the c
apacity ratio?</h3>
Your information is incomplete. Therefore, an overview of the capacity ratio will be given.
Capacity ratio defines to show the capacity. The capacity utilization ratio simply measures whether the total direct labor hours worked in a production cost center in a period was either greater or less than what was budgeted.
It is calculated as:
= (Actual direct labor hours worked/budgeted direct labor hours) × 100%.
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