Answer:
The Adjustment Entry for accrual of Interest Expense will be as follows:
Dr. Cr.
Interest Expense $840
Interest accrued Payable $840
Explanation:
Interest per day = $28
Interest expense for the Month = $28 x 30 = $840
$840 of Interest expense will be accrued at the end of the month and it should be adjusted accordingly.
A service is a product that consists of primarily intangible attributes.
Intangible means something you can not touch because it lacks the physical nature like an object (good). A service has value like a good but no presence.
Examples of intangible products/services are a travel agent, insurance, education and healthcare, along with many more.
I guess both the same pay,
cause the university tallies the amount of work to both of them
A Wholesaler is an intermediary who sells hope spring's bottled water to retailers such as coffee collective. A wholesaler is person or company that buys large quantities of goods from various producers or vendors, warehouses them and resells goods in smaller quantities at low prices, typically to retailers. Wholesalers who carry only non-competing goods or lines are called distributors.
Answer:
Gross profit is a required income statement entry that reflects total revenue minus cost of goods sold (COGS). Gross profit is a company's profit before operating expenses, interest payments and taxes. Gross profit is also known as gross margin
