Answer:
Rent expense debit and credit prepaid rent
Explanation:
Prepaid expense refers to those expenses that have been paid in advance before they are accrued. Some examples prepaid expenses are prepaid rent and prepaid insurance.
Prepaid expenses are debited and cash is credited at the time expenses are paid in advance. At the end of the year, adjustment entry is made when the expense expires. Following is the adjustment entry made at the end of the year:
Date Particulars Debit($) Credit($)
December Rent expense 45,600
31'2017 Prepaid expenses 45,600
(To record expired prepaid
rent)
Answer:
During Year 4, Tara wrote off $7,000 in receivables and recovered $4,000 that had been written off in prior years. Tara's December 31, Year 3, allowance for uncollectible accounts was $22,000. Under the aging method, what amount of allowance for uncollectible accounts should Tara report on December 31, Year 4?
$19,000.
Explanation:
Wrote off $7,000
recover $4,000
uncollected money stands at= 7,000-4,000= $3,000 in year 4
total uncollected money in year 3 is $22,000
then will be 22,000-3,000= $19,000
Answer:
<em>a. positive, and its saving is larger than its domestic investment.</em>
Explanation:
Whenever a country has positive net capital outflows,<em> then the net exports will be absolutely positive.</em> Because, if a country has positive net exports, then the country has less number of imports as compare to the exports.
As country has to export its goods to other countries and bring back less amount of imports, and<em> not have to invest its amount domestically inside its country because it already took goods from foreign.</em> So here, we can say that OPTION(a) is correct.
Answer:
Calcium carbonate reacts w/stomach acid according to the following chemical equation.
CaCO3+2HCl(aq)-> CaCl2(aq)+H2O(l)+CO2(g)
