Premium is not included in all contracts.
Offer is very important, time requirements is also a must in a contract, consideration is also stated in the contracts, but premium is not included in the contract.
The establishment clause of the First Amendment is concerned with religion. C
In the evolution of the internet e-commerce allows people to make transactions online is the event occurred most recently.
<h3>Why e-commerce has grown up so much?</h3>
Today ecommerce has very vast market online and people are likely to sell and purchase the things online rather than going to physical market.
The increase in e-commerce has brought the emergency of online payment of the goods and services in the ecommerce.
Thus, option A is correct.
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Answer:
d. credit to Salaries Payable for $8,600
Explanation:
<em>The journal entry would be as follows.</em>
Magnum Company
Payroll Journal
Particulars Debit Credit
Salaries $12,000 Debit
Federal Income taxes withheld 2,500 Credit
Social Security & Medicare taxes withheld 900 Credit
Salaries Payable $8,600 Credit
Unemployment taxes are paid by the employer . They are not deducted from the employees' wages . They include both the federal and state taxes.Social Security & Medicare taxes withheld $ 900 include the Social Security & Medicare taxes $ 900.
Explanation:
The journal entries are shown below:
a. Retained earning A/c Dr $3,047,320
To Paid-in capital in excess of par A/c $2635,520
To Common stock dividend distributable A/c $411,800
(Being the date of declaration is recorded)
It is computed below:
For retained earning
= 411,800 shares × $74 × 10%
= $3,047,320
For common stock, it is
= 411,800 shares × $10 × 10%
= $411,800
b. Common stock dividend distributable A/c Dr $411,800
To Common stock A/c $411,800
(Being the date of distribution is recorded)
