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Morgarella [4.7K]
3 years ago
7

The Josey Company purchased equipment for $21,000 on October 1. It is estimated that annual depreciation on the computer will be

$7,000. If financial statements are to be prepared on December 31, the company should make the following adjusting entry:______________
A) debit Depreciation Expense, $7,000; credit Accumulated Depreciation, $7,000.
B) debit Depreciation Expense, $1,750; credit Accumulated Depreciation, $1,750.
C) debit Depreciation Expense, $14,000; credit Accumulated Depreciation, $14,000.
D) debit Equipment, $1,750; credit Accumulated Depreciation, $1,750.
Business
1 answer:
zimovet [89]3 years ago
4 0

Answer:

b

Explanation:

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Answer:

development enhances the organization's capacity to control environmental forces

Explanation:

Employee development can be described as when an employer takes certain certain steps to increase the skills, competences and knowledge of the employees.

Employee development can take the form of :

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Advantages of  employee development includes :

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3 years ago
Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $70,000 and $3,600, r
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Answer:

Uncollectible account expense  $8,600

Explanation:

The computation of the amount as the Uncollectible Accounts Expense on its Year 2 income statement is given below:

Allowance account - Beg year 2    $3,600 Credit

Written off account   $6,600    Debited by

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Adjusted balance required in Allowance account  $5,600  Credit

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6 0
2 years ago
Your first job is to settle the dispute between the owners. To settle the dispute, you need to ensure that both owners understan
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Answer:

Inelastic: Demand for business goods tends to be me more inelastic than demand for consumer goods.

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2 years ago
Select the correct answer. According to Maslow’s hierarchy of needs, which need consists of an individual striving for importanc
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Answer:

According to Maslow's hierarchy of needs, self esteem consists of an individual striving for importance.

Explanation:

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  • There are five different levels of needs according to Maslow.
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3 years ago
1. A business acquaintance promises to deliver a $20 bill to you one year from today. How much should you be willing to pay toda
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Answer and Explanation:

The computation is shown below;

1. The willing amount to pay for the promise should be less than $20 that represents the time value of money

2. Now the present value is

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