Which photo Grapher is famous for his or her work at Yosemite national park?

For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense, (2) identify the

romanna [79]

Answer:

Please see explanation.

Explanation:

1. and 2.

Type of accounts Normal balance

a. Cash asset Debit

b. Legal Expense expense Debit

c. Prepaid Insurance asset Debit

d. Land asset Debit

e. Accounts Receivable asset Debit

f. Dividends equity Debit

g. License Fee Revenue revenue Credit

h. Unearned Revenue liability Credit

i. Fees Earned revenue Credit

j. Equipment asset Debit

k. Notes Payable liability Credit

l. Common Stock equity Credit

Journal entries to increase the balance:

Dr Cr

a. Cash Cash Revenue

b. Legal Expense Legal expenses Cash

c. Prepaid Insurance Prepaid Insurance Cash

d. Land Land Cash

e. Accounts Receivable Accounts receivable Revenue

f. Dividends Retained earnings cash

g. License Fee Revenue Cash License Fee Revenue

h. Unearned Revenue Cash Unearned revenue

i. Fees Earned Cash Fees Earned

j. Equipment Equipment Cash

k. Notes Payable Cash Notes Payable

l. Common Stock Cash Common Stock

7 0

3 years ago

Of the following activities which is MOST likely to be an interaction between the financial manager and the information systems

ryzh [129]

Answer:

The correct answer is the option A: Developing a system to bill customers, pay suppliers and track inventory.

Explanation:

First of all, an information systems manager has the job of creating, developing and monitoring information systems that could possibly help the organization in its entire structure to improve its performance and therefore that manager focuses in the importance of information as an asset and how could it supports the decision making process for the other executives.

Second of all, a financial manager has the responsability to care about the health of the institution regarding subjects involving money and all of the companies assets. That manager must focuses in the organization of the resources that could help the organization to achieve its goal and how to use them in a proper way.

Finally, in the situation where both of those managers interact together, the main purpose will be to develop an information system, created by the information system manager, that could help the organization to gather information regarding the payment to suppliers, the track of inventory and the bill of customers due to the fact that a system with all that information will help the financial manager to take decisions more properly in order to achieve success.

4 0

3 years ago

Warner Corp. sells goods on account for $10,000 on April 2. On April 20, the customer returns $3,000 of the merchandise. The cus

Studentka2010 [4]

Explanation:

The journal entry are as follows

On April 20

Sales returns A/c Dr $3,000

To Account receivable A/c $3,000

(Being the sales returned of goods is recorded)

While recording this given transaction, we debited the sales return account and credited the account receivable account so that the proper posting could be done

6 0

3 years ago

Michaels plumbing purchased a used van for $3,250. the company made a down payment of $450 and agrees to 24 payments of $150 per

PolarNik [594]

Finance charge can be defined as the amount charged by a creditor to a debtor as borrowing fees or by a seller to a buyer for allowing the buyer to extend the payment period for a certain good/service. In this case, the original price of the car was $3,250. But since Michael's Plumbing was not able to pay the full amount at once, they made a down payment of $450 and later 24 equal installments of $150. In total, the amount paid will be (450+(150*24))= $4,050. The finance charge is what they will pay over and above the initial cash price. This is arrived at by getting the difference as follows $4,050-$3,250= $800

7 0

3 years ago

Select the correct answer. How is augmented reality used in businesses?

garri49 [273]

Answer:

It uses everyday things, items like iPhones or tablets, sensors and market to find the place of physical items and then suggest where to put virtual objects.

This might be a little off since I'm not very familiar with business stuff, but I hope this helps.

7 0

3 years ago