1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DerKrebs [107]
3 years ago
15

What causes a liability to be credited and an expense to be debited?

Business
1 answer:
UkoKoshka [18]3 years ago
6 0
<span> Recording the accrual of salaries incurred.</span>
You might be interested in
What are three ways that can ensure your message is clear and not misnunderstood?
N76 [4]
Your communication style matches theirs

ask them what they heard. how they might explain it to others

keep your message on one subject. don't confuse the subject with multiple ideas
4 0
3 years ago
If the market interest rate drops to 5% on December 31, 2022, it will cost $458,290 to retire the bonds. Record the retirement o
dlinn [17]

To record the retirement of bonds we have to debit the bond payable account with $435,376, debit the interest account with $22,914, and credit the cash account with $458,290.

The retirement of the bond takes place when they are required to be redeemed before they mature. In other words, if the company wants to buy back its bonds before the period of the bond is over. Sometimes the company will also have to pay the interest amount that is due on the bond to the bond-holder.

The bondholders are creditors of the company. These are the people to have loaned money to the company and who the company has to pay back either at maturity or when the company wants. This should be specified to the bondholder before issuing him the bond. The transaction that will be written to record the transaction will be:

Bonds Payable a/c Dr. 435,376

Interest a/c              Dr.   22,914

To cash a/c                                         458,290.

(Being the bonds retired and interest amount paid)

Learn more about the retirement of bonds here:

brainly.com/question/13960495

#SPJ4

3 0
1 year ago
Sofia is a lesbian. she is an employee in the sales department of northern motors. her supervisor constantly tells her that she
Jobisdone [24]
Is it HARASSMENT!????
7 0
3 years ago
Why is it important for a company to pay attention to its
Luden [163]

The company needs to make sure its suppliers are providing products at the lowest cost reason it is important for a company to pay attention to its supply chain when practicing CSR.

<h3>What is CSR?</h3>

Corporate social responsibility CSR is a concept where a business engages in activities that makes it accountable to a wide range of stakeholders.

Corporate social responsibly make businesses corporate citizens. A business shares some of its profits with society by funding projects and programs that benefit the community.

Hence, the company needs to make sure its suppliers are providing products at the lowest cost reason it is important for a company to pay attention to its supply chain when practicing CSR.

Learn more about CSR here : brainly.com/question/14624782

8 0
2 years ago
Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $9,100 of its accounts receiv
Sidana [21]

Answer:

(During write-off) March 11

Dr    Bad debt expense                     $9,100

Cr    Accounts receivable                  $9,100    

(at the time of collection) March 29

 Dr Accounts receivable                      $9,100    

 Cr Bad debts expense                        $9,100

 

  Dr Cash                                              $9,100

  Cr  Accounts receivable                   $9,100

Explanation:

On March 11, Dexter made an entry to write-off bad debts in the amount of $9,100. Dexter Co., charged it directly to Accounts receivable because the company uses direct write-off method. During the collection we have 2 steps to consider; First, On March 29 during the unexpected collection, Dexter shoud set up the reversal of the write-off entry which they had made last March 11. So we debit Accounts receivable and credit bad debts in the amount of $9,100. Second, is to record the collection, debit cash and credit Accounts receivable in the amount of $9,100.

5 0
3 years ago
Other questions:
  • Did the realist theory develope in reaction to idealism
    11·1 answer
  • Which member of the restaurant and food/beverage service career is most likely to plan menus and direct workers?
    12·2 answers
  • A company's 2013 year-end balance sheet included the following: Jan. 1 Dec. 31 Accounts Receivable $80,000 $100,000Inventory $60
    8·1 answer
  • What is the best way to judge the cooking and holding temperatures of food?
    14·1 answer
  • Which statement below best answers the economic question How to produce?. . Marco's products sell at prices ranging between $2 a
    10·2 answers
  • What is the present value of $5,000 due in ten years assuming money grows according to compound interest and the annual effectiv
    12·1 answer
  • Suppose the Federal Reserve increases bank reserves and banks lend out some of these reserves, but at some point banks still hav
    6·1 answer
  • Fiji, Inc. started 2025 with $12,000 in assets and $2,500 in liabilities. Fiji had issued 50 shares of stock when it went into b
    7·1 answer
  • Sal’s satellite company broadcasts TV to subscribers in Los Angeles and New York. The demand functions for each of these two gro
    9·1 answer
  • What strategy did president roosevelt use to restore america's confidence in government and the private banking system?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!