$4419.76 on apex and I don’t know how to explain it but it won’t let me post otherwise, so.... good luck this year.
<span>1. Capital is the manufactured, artiFcial, or synthetic goods used in the production of other goods, including machinery, equipment, tools, buildings, and vehicles. Capital is the produced factor of production. This factor must be produced using other factors of production, which means that society is often faced with the choice between producing consumption goods that satisfy wants and needs and capital goods that are used for future production.
2. Industrial goods are made up of machinery, manufacturing plants and materials,and any other good or component used by other industries or Frms. Consumer goods are ready for the consumption and satisfaction of human wants,such as clothing or food</span>
Answer:
Note: The question is attached as picture
(a) Example has been illustrated
(b) Dr 15. Operating Expenses (wages, supplies)
Cr 1. Cash
(c) Dr 7. Account Payable
Cr 1. Cash
(d) Dr 3. Supplies
Cr 1. Cash
(e) Dr 2. Account Receivable
Cr 14. Service Revenue
(f) Dr 1. Cash
Cr 2. Account Receivable
(g) Dr 1. Cash
Cr 11. Common Stock
(h) Dr 15. Operating Expenses (wages, supplies)
Cr 1. Cash
(i) Dr 15. Operating Expenses (wages, supplies)
Cr 9. Wages Payable
(j) Dr 6. Patent
Cr 1. Cash
(k) Dr 1. Cash
Cr. 14. Service Revenue
(l) Dr 15. Operating Expenses (wages, supplies)
Cr 3. Supplies
(m) Dr 16. Income Tax Expense
Cr 1. Cash
Cr. 10. Income Tax Payable
(n) Dr 8. Note Payable
Dr 17. Interest Expense
Cr 1. Cash
(o) Dr 4. Prepaid Expense
Cr 1. Cash
Answer:
$12,000
Explanation:
The computation of the amount included in the gross income is shown below:
= Lease payment in the current year × number of months
= $2,000 × 6 months
= $12,000
Moreover, the improvement of $2,000 would not be included unless the property is sold off
Therefore the $12,000 included in the gross income
I think the answer is positive reinforcement.....