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Olin [163]
3 years ago
14

Identify each account as asset​ (a), liability​ (l), or equity​ (e).

Business
1 answer:
posledela3 years ago
4 0

Identify each account as Asset (A), Liability (L), or Equity (E)

A. Accounts Payable - liability

B. Cash - asset

C. Owners Capital- Equity

D. Accounts Receivable- asset

E. Rent Expenses - equity

F. Service Revenue - equity

G. Office Supplies - asset

H. Owners Withdrawal - equity

I. Land -asset

J. Salaries Expenses -equity

<span> </span>

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As a manager, when you provide rewards or reprimand your subordinates, you are practicing transactional leadership. question 35
MissTica

The statement given in the question is (A) True.

Transactional leadership is defined as a leadership style that emphasizes rewards and punishments on behaviors that the followers exhibit. This style of leadership seeks to maintain the status quo.

Its contrast is <em>transformational leadership</em>, where the leader works with teams to problem-solve and bring a vision into reality by directly involving themselves.

5 0
3 years ago
During the taking of its physical inventory on December 31, 2014, Barry's Bike Shop incorrectly counted its inventory as $225,51
Kryger [21]

Answer:

The inventory would be increased by $55,283 and the profit has been decreased by the same amount.

Explanation:

The reason is that the closing inventory has been increased by the difference of the correct and incorrect amount which is:

Closing inventory difference = $225,513 - $170,230 = $55,283

This will increase the closing inventory in the balance sheet and the increase in the closing inventory will decrease the cost of goods sold. The lower the cost of goods sold the greater is the profit.

6 0
3 years ago
Three institutions that deal with human rights violations
Jet001 [13]
<span>European Union.Council of Europe.<span>Organisation of American States (OAS)</span></span>
4 0
3 years ago
Kelly Enterprises' stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 4.75%
Kitty [74]

Answer:

The answer is option e. $44.46

Explanation:

The stock's  expected price after 5 years can be expressed as;

FV=CV(1+RRR)^n

where;

FV=future value of stock/expected price after 5 years

CV=current price of stock

DGR=dividend growth rate

n=number of years

In our case;

FV=unknown

CV=$35.25 per share

DGW=4.75%=4.75/100=0.0475

n=5 years

replacing;

FV=35.25(1+0.0475)^5

FV=35.25(1.0475)^5

FV=44.46

5 0
3 years ago
In QuickBooks Online, the Products and Services list contains the items that will appear on your client's purchase and sales tra
fenix001 [56]

Answer:

A relevant account from the chart of accounts

Explanation:

QuickBooks is an accounting software that is designed to assist users with little accounting experience manage their financial records.

Transactions in QuickBooks are classed as products and services. These are mapped to relevant accounts in the chart of accounts.

For example mapping can be done to asset or liability accounts.

When mapping there are three classes products and services can be mapped to:

-Inventory

-Non inventory

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When setting up new product and service the appropriate class is chosen and relevant account is assigned to the product or service.

For example sales tax is mapped by default to sales tax payable account.

7 0
3 years ago
Read 2 more answers
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