1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pav-90 [236]
3 years ago
7

The bookkeeper for Blossom Company asks you to prepare the following accrual adjusting entries at December 31. (If no entry is r

equired, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (a) Interest on notes payable of $410 is accrued. (b) Services performed but unbilled totals $1,790. (c) Salaries of $750 earned by employees have not been recorded.
Business
1 answer:
Alchen [17]3 years ago
7 0

Answer:

The adjusting entries are given below

Explanation:

Adjusting Entries  

Dec 31 (Accrued Interest)               Debit         Credit

Interest expense                               $410  

Interest payable                                                    $410

Dec 31 (Service Revenue)               Debit         Credit

Account receivable                            $1,790

Service revenue                                                    $1,790

Dec 31 (Salary expense)                Debit         Credit

Salary expense                                $750

Salary payable                                                     $750

You might be interested in
Which of these statements is true about professional skills? A. They are only important in jobs that require a college degree. B
grigory [225]
D. They are skills that employers in all lines of work are looking for.
4 0
3 years ago
Sara borrowed $500 for four years at 3 percent interest, compounded annually. Use the formula to calculate the total amount she
topjm [15]
The answer is 562.754405
 The total amount she will have to pay back in four years is. 562.754405
6 0
3 years ago
Read 2 more answers
A dollar in hand today is worth_______(less than/more than/equivalent) a dollar to be received in the future because if you had
Free_Kalibri [48]

Answer:

more than

earn interest

discount cash flow (DCF)

Explanation:

The concept of future value represents the amount that a lump sum or series of cash flows will achieve after a given period when compounded at an interest rate. This means that a dollar in hand today is worth more than a dollar to be received since it can be applied to earn interest.

The time value of money, which allows us to evaluate different investments, is also known as discount cash flow (DCF).

3 0
3 years ago
Taxes that have wealthy people pay a higher rate of tax than average or poor people are called __________.
Furkat [3]
Taxes that have wealthy people pay a higher rate of tax than average or poor people are called Progressive tax. It is the type of tax that goes on increasing with increase of income. The people with higher income pays a higher amount of tax than the people with lower income. I hope the answer has helped you.
4 0
3 years ago
Which of the following would further an economic goal of efficiency?
max2010maxim [7]

Answer:

The correct answer is (C)

Explanation:

Economics is all about allocating limited resources to attain maximum utility. In that regard, efficiency can be achieved by giving contracts to companies with higher productivity. These companies are all about attaining maximum productivity by investing limited resource. More productivity will increase the utility, and that will improve economic efficiency. So it is critical to give projects and contracts to certain companies which can increase the overall productivity.

7 0
3 years ago
Other questions:
  • A budget constraint model differs from a ppf model in that it is a ______ line and represents _________ units of measurement.
    12·1 answer
  • Supply of a product will tend to be more inelastic when
    13·1 answer
  • Is Faraj legally required to pay this additional amount in this case? Melissa Faraj owns a lot and wants to build a house accord
    9·1 answer
  • What is the value of zero-coupon bond with a par value of $1,000 and a yield to maturity of 5.20%? The bond has 12 years to matu
    15·1 answer
  • : As a result of a thorough physical inventory, Railway Company determined that it had inventory worth $180,000 at December 31.
    6·1 answer
  • Suppose the marginal benefit the owner of a cherry orchard derives from hiring Lauren to pick cherries is $8 per hour. If the wa
    13·1 answer
  • Harmonization of accounting standards:_______. A. Is the same as convergence of accounting standards.B. Always ensure resulting
    11·1 answer
  • Apex Manufacturing Corporation mass production eight different products. The controller who is interested in strengthening inter
    13·1 answer
  • A college student purchased a car priced at $10,000. She paid $1,000 down and agreed to a monthly payment of $200 per month for
    15·1 answer
  • Suppose that production for good X is characterized by the following production function, Q = K0.5L0.5, where K is the fixed inp
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!