Answer:
depreciation expense equipment 610 debit
accumulated depreciation equipment 610 credit
utilities expense 390 debit
utilities payable 390 credit
rent expense 700 debit
prepaid rent 700 credit
insurance expense 468 debit
prepaid insurance 468 credit
wages expense 965 debit
wages payables 965 credit
interest receivables 300 debit
interest revenue 300 credit
Explanation:
(C) rent calculations
2,800 --> four period of rent
2,800 / 4 = 700 per period
(D) insurance calculations
624 for the entire years
expired 9 months in this period
$624 x 9/12 = 468
you have 30 minutes to complete this assignment. SHOW YOUR WORK OR YOU GET NO CREDIT. I will not be here Monday. you quizizz code is on canvas.
Ayayai Company has an old factory machine that cost $63,000. The machine has accumulated depreciation of $35,280. Ayayai has decided to sell the machine. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Answer:
The answers are as follows;
1. the total of all accumulated and unpaid deficits (b. Debt)
2. a situation in which outlays exceed revenue (d. Deficit)
3. a situation in which revenue exceeds outlays (a. Surplus)
4. the fee that borrowers pay to debt holders (c. Interest)
Explanation:
Monthly Salary: $1200
Monthly food bills: $240
% of monthly salary spent on food is 20%.
