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
fenix001 [56]
3 years ago
12

Russell Co. received a $520 utility bill for the current month's electricity. It is not due until the end of the next month whic

h is when they intend to pay it. What is the general journal entries will Russell Co. make to record the receipt of the bill?
Business
1 answer:
Nataliya [291]3 years ago
7 0

Answer:

Journal Entry to reflect the event is as follow;

                                  Dr.       Cr.

Utility Expense       $520

Utility bill payable              $520

Explanation:

Utility bill is received it means the expense is accrued and it is not due until the month end so a liability will be created and will be paid next month.

You might be interested in
According to the globe project, in-group collectivism refers to:.
antiseptic1488 [7]

In-group collectivism simply means how much pride and loyalty individuals have for their family or organization.

<h3>What is In-group collectivism?</h3>

In-group collectivism means the degree to which individuals are able to express pride, and cohesiveness in their families or organizations.

Countries with high institutional collectivism have individuals that identify with their families or organizations and obligations determine behaviors.

Learn more about collectivism on:

brainly.com/question/7593616

6 0
2 years ago
A) Give an example of a deferred expense.
mamaluj [8]

Answer:

Payment of a Term Insurance Policy

Explanation:

A term insurance policy has a total price that is usually paid through the period determine for its coverage with monthly payments called premiums. In this case, the expense is deferred for an specific period of time. The logic behind this payments is that you received the service of product without paying the total price of it beforehand.

3 0
3 years ago
Meat​ Packers, Incorporated​ (MPI) preserves and packages various kinds of meats for transportation to grocery stores. To prepar
Free_Kalibri [48]

Answer:

Variable cost=$750,000

Fixed costs=  $13,000

Explanation:

Giving the following information:

The firm must purchase ​$60 in raw meat and pay ​$50 in wages for labor and ​$40 in fuel costs. Also, the firm rents a factory for ​$10,000 per month and makes ​3,000 in monthly payments on meat packaging equipment. Suppose the firm prepares and transports 5,000 packages of meat per month.

Variable cost= raw meat + wages + fuel= (60 + 50 + 40)*5,000= $750,000

Fixed costs= rent + packaging equipment= 13,000

7 0
4 years ago
Two plumbers received a job. at first, one of the plumbers worked alone for 1 hour, and then they worked together for the next 4
nika2105 [10]

Answer:

The first worker complete the job in 25 days himself

The second worker complete the job in 20 days himself

Explanation:

r1= rate of work done by first worker

r2=rate of work done by second worker

W= total work done

t days= time taken by the 1st worker to complete the job

r1(t)=W

r1=W/t (1)

Then the time taken by the 2nd worker to complete the job is t-5 days.

r2(t−5)=W

r2=W/(t−5) (2)

If 1st worker do the job for 1 hour and then both the worker do the job for 4 hours and 40% work is done, So

r1(1)+(r1+r2)(4)=4W/10

r1+4r1+4r2=4W/10

5r1+4r2=4W/10 (3)

Substitute equation 1 and 2 into (3)

5W/t+4{W/(t−5)}=4W/10

Multiply through by 10(t-5)

5/t+4/t−5=4/10

5(10)(t−5)+4(10)(t)=4(t−5)(t)

50t−250+40t=4t^2−20t

4t^2−110t+250=0

Solving the above quadratic equation using factorization method

4t^2−100t−10t+250=0

4t(t−25)−10(t−25)=0

(t−25)(4t−10)=0

t=25 or t=2.5

2.5 can't be the answer because if we take 2.5 days in which 1st worker completes the work, then the second worker will complete the work in -2.5days which is wrong.

The first worker completes the job in 25 days by himself and the second worker completes the job in 20 days by himself.

4 0
3 years ago
Read 2 more answers
What is an example of a network database?
zheka24 [161]
Third one.............................
4 0
4 years ago
Read 2 more answers
Other questions:
  • In order to restrain the smaller competitors in the market, the company sells some of its products at very low prices. This is a
    13·1 answer
  • Which of the following is the first activity in strategy evaluation?
    13·1 answer
  • What would you do if you do not have an<br> item a guest is requesting?
    11·2 answers
  • The ________ attribute determines the increment in which the numbers in a spinner control increase or decrease.
    13·1 answer
  • The Nichols Company uses the weighted-average method in its process costing system. The company recorded 29,500 equivalent units
    11·1 answer
  • An economist resigns her $100,000/year university teaching position to work fulltime in her own consulting business. In the firs
    14·1 answer
  • Marlboro used a cowboy to advertise its cigarettes for a number of years. "The Marlboro Man" became a central character through
    8·1 answer
  • Business projection:
    10·1 answer
  • The __________ theory suggests that people will evaluate the cost, benefit, or value related to making a change in a particular
    8·1 answer
  • Use the below information to determine cash flows from financing activities.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!