Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
(1) accrue salaries expense
Debit [e.] Salaries Expense
Credit [g.] Salaries Payable
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(2) adjust the Unearned Services Revenue account to recognize earned revenue
Debit [a.] Unearned Services Revenue
Credit [f.] Services Revenue
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(3) record services revenue for which cash will be received the following period.
Debit [b.] Accounts Receivable
credit [f.] Services Revenue
Answer:
The cost of the ending inventory under FIFO is $2,430 and under LIFO is $1,620
Explanation:
First determine the units sold
Units Sold = Total Purchases - Units in hand
= 1,410 units - 270 units
= 1,140
Note ; Wildhorse Co. uses a periodic inventory system. This means we calculate the cost at the end of the period.
FIFO
Means First in First Out
Cost of the ending inventory = 270 x $9.00 = $2,430
LIFO
Means Last in First Out
Cost of the ending inventory = 270 x $6.00 = $1,620
Conclusion
The cost of the ending inventory under FIFO is $2,430 and under LIFO is $1,620
Answer:
The correct option is A
Explanation:
OD ( Organizational Development) is the collection or group of the change methods which try to improve or enhance the effectiveness of the firm or organization and also the well being of the employee. OD methods value the human as well as the organization growth, participative and the collaborative processes and the spirit of inquiry.
liabilities--- liabilities means the amount which the enterprise owes either to the outsiders or the proprietors
Assets --- assets are the property or legal rights owned by an entity (enterprise, organisation, or individual) to which money value can be attached. anything which will be enables the entity to get cash or benefit in the future is an asset.
capital -- capital means the amount ( in terms of money or assets having money value ) which the proprietor have invested in the business and claim from it.
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