Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $1,100
         To Interest revenue $100
         To Note receivable $1,000
(Being cash received in respect of note receivable, interest accrual is recorded)
The computation of accrued interest is shown below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)  
= 1,000 × 10%
= $100
 
        
             
        
        
        
Answer:
1    
dr	Rent expenses	440  
cr	Prepaid rent                  440
Rent december    
2    
dr	Depreciation expenses	183,33  
cr	Accumulate depreciation  183,33
Depreciation december
Explanation:
1    
dr	Rent expenses	440  
cr	Prepaid rent                  440
Rent december    
    
2    
dr	Depreciation expenses	183,33  
cr	Accumulate depreciation  183,33
Depreciation december
 
        
             
        
        
        
Answer:
$25 per unit
Explanation:
Data provided in the question
Selling price per unit = $25 
Fixed cost per unit = $8 
Variable cost per unit = $10
Based on the above information, the price that division A should charged from Division B is equal to the selling price per unit i.e $25 because Division A currently sells and operates in a competitive market so it should be same for division B 
 
        
             
        
        
        
Answer:
c) $210
Explanation:
Revenue is recognized in the year in which it is intended to finance an activity.
The Cash collected During 2014 relating to licences will be used to finance the salaries for the inspectors during 2014 and cash collected during 2014 = $210 (30+180)