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kenny6666 [7]
2 years ago
15

Selected transactions for Cheyenne’s Dog Care are as follows during the month of March.

Business
1 answer:
Alexxandr [17]2 years ago
3 0

Answer:

Cheyenne’s Dog Care

Journal Entries:

March 1:

Debit Rent Expense $980

Credit Cash Account $980

To record the payment of monthly rent.

March 3:

Debit Accounts Receivable $110

Credit Service Revenue $110

To record the performance of services on account.

March 5:

Debit Cash Account $60

Credit Service Revenue $60

To record the performance of services for cash.

March 8:

Debit Equipment $490

Credit Cash Account $65

Credit Accounts Payable $425

March 12:

Debit Cash Account $110

Credit Accounts Receivable $110

To record the receipt of cash from customers.

March 14:

Debit Wages Expense $430

Credit Cash Account $430

To record the payment of wages.

March 22:

Debit Utilities Expense $60

Credit Cash Account $60

To record the payment of utilities.

March 24:

Debit Cash Account $1,230

Credit Notes Payable (Grafton State Bank) $1,230

To record the signing of a note payable.

March 27:

Debit Plumbing Repairs $180

Credit Cash Account $180

To record the payment for plumbing repairs.

March 28:

Debit Accounts Payable $425

Credit Cash Account $425

To record the payment for equipment purchase.

March 30:

Debit Prepaid Insurance $1,480

Credit Cash Account $1,480

To record the payment for six months insurance.

Explanation:

Cheyenne's Dog Care can use the general journal to record its daily business transactions as they occur.  The journal identifies the accounts involved in each transaction and shows the accounts to be debited or credited as the case may be.

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umka2103 [35]

ge is utilizing reverse innovation in order to protect itself from rivals.

<h3>What is  reverse innovation?</h3>

Reverse innovation or trickle-up innovation An innovation is one that is first noticed or used in the developing world before moving to the industrialised world. Dartmouth academicians Vijay Govindarajan and Chris Trimble, as well as General Electric's Jeffrey R. Immelt, popularised the term.

Reverse innovation is the process by which goods developed as low-cost prototypes to satisfy the needs of developing countries, such as battery-powered medical tools in countries with poor infrastructure, are repackaged as low-cost novel goods for Western purchasers.

The approach of innovating in emerging (or developing) markets and then distributing/marketing these inventions in mature ones is known as reverse innovation. Many businesses are creating items in rising markets such as China and India and then distributing them abroad.

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8 0
1 year ago
At the beginning of the tax year, Barnaby's basis in the BBB Partnership was $118,800, including his $11,880 share of partnershi
elena-14-01-66 [18.8K]

Answer: $144,936

Explanation:

First start by removing the initial debt from the initial basis so as not to inflate the basis.

= 118,800 - 11,880

= $106,920

That is the Initial basis void of debt.

Then add anything that will increase the basis and remove anything that will reduce the basis. Income and debt generally increase the basis while dividends or cash Distributions reduce them.

The Ending basis is therefore,

= Pre debt Initial basis + Partnership Income + ending debt + Nontaxable income - Cash Distribution

= 106,920 + 47,520 + 17,820 + 2,376 - 29,700

= $144,936

Barnaby's basis at the end of the tax year is $144,936.

8 0
2 years ago
What is the name for the process of paying attention to important properties while ignoring nonessential details?
sweet [91]

Answer:

Abstraction

Explanation:

Abstraction can be defined as the doing way of some details that are not too necessary so that the main subject or features have maximum attention.

absstraction is very important in the aspect of object oriented programming

It should be noted that the process of paying attention to important properties while ignoring nonessential details is Abstraction.

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3 years ago
Making a down payment on a loan often _________ a. decreases monthly payments. b.increases the loan's interest rate. c.makes bor
GarryVolchara [31]
The correct answer is
<span>a. decreases monthly payments

This is correct because by making a down payment, your overall loan sum is smaller which means that your monthly payment is lowered.</span>
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3 years ago
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Marshall Manufacturing issues a $1,000 bond with an interest rate of 10%, and a maturity date of 2031. This creates a liability
Alina [70]

Answer:

The correct option is d. $100 interest per year and $1,000 in the year 2031.

Explanation:

Bond can be described as a financial instrument showing that certain amount of money is being owed to the holder. The bondholder has to be paid periodic interest at a specific rate and bond value has to paid back to the holder at the maturity date.

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Therefore, the correct option is d. $100 interest per year and $1,000 in the year 2031.

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