Answer and Explanation:
The matching of the accounting term with the definition is shown below:
1. Debit - it comes in the left side i.e. (i)
2. Expense: It decreases the stockholder equity also it contains the debit balance i.e. (d)
3. Net income: It is a statement that shows the expenses and revenue related transactions i.e. (g)
4. Ledger: It is the T-account in which the journal entries are posted i.e. (e)
5. Posting: The data is copied from journal to ledger we called as posting i.e. (f)
6. Normal balance: It is the side of an account in which the account increment is recorded i.e. (b)
7. Payable: It is a liability and it always a credit balance and shown in the balance sheet i.e (h)
8. Journal: In this the transactions are recorded i.e. (c)
9. Receivable: This is an asset and it has always a debit balance i.e. (a)
10. Owner equity: It is amount i.e. to be invested in the business also shows a difference between the total asset and total liabilities i.e. (j)
Answer:
Debited to Retained Earnings of $500,000.
Explanation:
At the time of declaration of the dividend, the journal entry is recorded which is shown below:
Retained earning A/c Dr $500,000
To Dividend payable A/c $500,000
(Being cash dividend declared)
On the declaration date, the dividend amount is recorded. So while recording we debited the retained earning account and credited the dividend payable account
All other information which is given is not relevant. Hence, ignored it
Answer:
clothing, shoes, personal hygiene
Explanation:
Answer:
See the explanation below:
Explanation:
Interest expenses = $6,950 × 3.75% = $261
Cash received = $6,950 - $261 = $6,689
The payment an be in two forms; it can be immediate or delayed. The two are done below:
a. Journal Entries for Immediate payment
Details Dr ($) Cr ($)
Cash 6,689
Card expenses 261
Sales 6,950
b. Journal Entries for delayed payment
When the transaction is carried out, we have:
Details Dr ($) Cr ($)
Account receivables 6,689
Card expenses 261
Sales 6,950
When the payment is received, we have:
Details Dr ($) Cr ($)
Cash 6,689
Account receivables 6,689
Answer:
The examples of Health Science Careers are:
1. Registered Nurse
2. Chemist
3. Emergency Medical Technician
4. Dentist
5. Surgeon
6. Medical Assistant
Explanation:
All the above are examples of careers in the fields of health sciences. Even a Chemist, which many people do not know, can form an important of the pathology lab.
Entry-level careers include a Medical Assistant, a technicians and a registered nurse. More advanced careers including a Dentist and a Surgeon.
There is a vast income disparity among all these careers. Entry-level are paid far less than certified doctors. However, there is a clear path towards career advancement.
Food science and social work are not work of the Health Science careers. They do not have any direct connection with medical work.
