Explanation:
The appearance of a Salesperson goes a long way in subtly or otherwise telling the customer how professional the salesperson is and how much customers are probably believe in the product on sale.
So, the advice the text should give is that "Wear your hair short to suggest a conservative, professional, and business-like approach."..
Given:
Original cost of contributed equipment : 125,000
Accumulated depreciation of contributed : 100,000
Value of similar equipment : 150,000
Agreed upon valuation of contributed equipment : 29,000
The amount that should be debited to the equipment account is 29,000.
It is the current value of the contributed equipment as agreed upon by the partners.
Answer: Please see answer in explanation column
Explanation:
Using the cost method, treasury stock is credited for cost of the shares when it is reissued, while Cash is debited for amount received. Also, additional paid-in capital from treasury stock will be credited to show the difference.
journal entry to record the issuance of 3000 shares in year 9
Date Account Debit Credit
Year 9 Cash (3,000x $50) $150,000
Treasury stock (3,000x$36) $108,000
Additional paid-in capital- treasury stock $42,000
( $150,000 - 108,000)
This occurs when a checking account is overdrawn and doesn't have enough money in it to cover debts. A fee is charged and more funds must be added to the account.
