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Julli [10]
3 years ago
15

Cheyenne Corporation owns machinery that cost $23,600 when purchased on July 1, 2017. Depreciation has been recorded at a rate o

f $2,832 per year, resulting in a balance in accumulated depreciation of $9,912 at December 31, 2020. The machinery is sold on September 1, 2021, for $12,390.
Business
1 answer:
maw [93]3 years ago
5 0

Answer:

This question is incomplete. However, I searched the web and found a similar question that is asking to "Prepare journal entries to (a)update depreciation for 2021"

Explanation:

The general journal entries will be as follows;

From Jan 1st to Sept. 1st, there are 8 months of depreciation. If yearly depreciation is $2,832, it means that monthly depreciation is $236.Therefore, depreciation expense for the 8 months would be (8*236 = $1,888). For journal entry, you will debit depreciation expense and credit accumulated depreciation;

                                     Dr.                    Cr.

Depreciation             $1,888

    Acc. depreciation                            $1,888

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Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner’s insurance policy is $6
oksian1 [2.3K]

Answer:

1. 48 dollars

2. 30 dollars

Explanation:

The yearly premium on their homeowner's insurance policy is $600 for the coverage they need.

Their insurance company offers a discount of 8 percent if they install dead-bolt locks on all exterior doors.The couple can also receive a discount of 5 percent if they install smoke detectors on each floor.

1. What discount will Dave and Ellen receive if they install the dead-bolt locks?

discount for deadbolts =

Discount % x Premium

0.08 x 600 = 48 dollars

b. What discount will Dave and Ellen receive if they install smoke detectors?

discount for deadbolts =

Discount% x Premium

0.05 x 600 = 30 dollars

5 0
3 years ago
Which of the following are markets in which money is lent for periods longer than<br> one year?
kifflom [539]

Answer:

capital market

Explanation:

6 0
3 years ago
Read 2 more answers
.Others at work see me as assertive. need answers for application
svp [43]

Answer:

yes

Explanation:

It is an ability to defend your rights without hurting those of others. An assertive person, therefore, is the one who can express his emotions, needs, and opinions to others without being forceful in any way

4 0
3 years ago
A corporation entered into a contract with an owner of land for the transfer of land at a price of $500,000 in sixty days. The c
Zielflug [23.3K]

Answer:

Yes, because the corporation remains liable to the owner under the contract

Explanation:

The above answer is true because in this case, there is no limit to the assignment of the contractual rights between the two parties, hence this assignment of a contract would be treated as both an assignment of rights and a delegation of duties.

Therefore, while the corporation in this case has delegated its duties and assigned its rights under the contract to the developer by assigning the contract to the developer, the corporation is still considered to be liable to the owner for payment of the purchase price.

And given the fact that the developer is not as creditworthy as the corporation, and thus there is a greater chance that the developer will be unable to pay the purchase price, the owner has the rights under the contract arrangement to contractually compel the corporation to do so.

4 0
2 years ago
Which of the following is not correct?
kari74 [83]

The correct answer is option B. Frictional unemployment is the result of worker skills not matching the jobs available. This type of unemployment normally occurs as a result of workers and employers not having enough or the proper information when looking for a new job, or looking for a new employee. Sometimes the worker is not being successful in finding the right company that is looking for someone with skills that the person possesses. Or sometimes is the company that believes that they should not hire someone, waiting to fins a better candidate.

Read more on Brainly.com - brainly.com/question/11481076#readmore

5 0
3 years ago
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