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sveticcg [70]
3 years ago
13

For each of the following transactions for New Idea Corporation, give the accounting equation effects of the adjustments require

d at the end of the month on July 31: (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign)
a. Received a $550 utility bill for electricity usage in July to be paid in August.
b. Owed wages to 10 employees who worked three days at $75 each per day at the end of July. The company will pay employees at the end of the first week of August.
c. On July 1, loaned money to an employee who agreed to repay the loan in one year along with $900 for one full year of interest. No interest has been recorded yet.
Business
1 answer:
SCORPION-xisa [38]3 years ago
8 0

Answer and Explanation:

The accounting equation effects of the adjustments required at the end of the month on July 31 is shown below:-

Transactions   Assets = Liabilities             +      Stockholder's equity

a                                     Utilities payable $550    Utilities expenses -$550

b                                     Wages payable $2,250 Wages expense -$2,250

                                            (3 × $75 × 10)  

c   Interest receivable $450                                 Interest revenue $450

        ($900 ÷ 2)

Explanation:-

a. The adjustment of the utilities would be recognized in the equation of accounting by rising the liability that is utilities payable and falling the equity that is utility expense.

b. The adjustment of the wages would be recognized in the equation of accounting by rising the liability that is wages payable and falling the equity that is wages expense.

c. The adjustment of the interest would be recognized in the equation of accounting by rising the assets that is interest receivable and falling the equity that is interest revenue.

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True, an initial public offering (IPO) represents the first time a corporation's stock is offered and sold to persons outside of the company.

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1 year ago
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<h3>What is reward power?</h3>

This is a term that is used formally in the workplace to refer to  a power that has been given by people to give out rewards to other workers in the workplace.

A supervisor who gives incentives to workers is an example of a person that holds such a power.

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2 years ago
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Answer:

$735 billion

Explanation:

Calculation to determine the national saving

Using this formula

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Let plug in the formula

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Explanation:

All of the above are correct.

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Option B is also correct because Crowding out occurs when the government increases investment by borrowing which leaves less money for the private sector to borrow so they spend less. The government spent money here yet the private sector did not spend less so it is Zero Crowing out.

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Option D is also true as not all Economists prefer rule-based monetary policy to discretionary monetary policy.

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Conflict-affected individuals may come out as tense and uneasy. For instance, they could shun social situations and question everything they do all the time. Words and comments - How workers communicate verbally might show whether conflict is present. People tend to use far more emotional language when they are agitated.

When a person has a duty of loyalty to many entities and those entities' interests disagree, there is a conflict of loyalty.

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