Answer and Explanation:
The journal entries are shown below:
On Oct 1
Rent expense Dr $30,000
to cash $30,000
(being cash paid)
Here rent expense is debited as it increased the expense and credited the cash as it decreased the assets
On Dec 31
Rent expense Dr ($30,000 × 9 ÷ 12) $22,500
To prepaid rent $22,500
(being rent expense is recorded)
Here ent expense is debited as it increased the expense and credited the prepaid rent as it decreased the assets
Answer:
The average job lateness for the sequence developed is 328 days
Explanation:
Given that the initial work day is base on day 275, the following is going to be the new sequence of the given jobs:
Job Due Date
A 318 5
B 317 3
C 320 8
D 327 16
E 364 40
Therefore, the average job lateness is calculated as follows:
(318+317+320+327+364)/5=328 Days
Answer: A purchase of supplies for cash is recorded in the cash payments journal.
