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puteri [66]
3 years ago
15

On February 1st, your accrual based company incurs $500.00 for services. On February 25th, your company pays $300.00 towards the

services and then, on March 5th, pays the $200.00 balance. How is the $200.00 payment made in March recorded?
Business
1 answer:
Zigmanuir [339]3 years ago
3 0
                                              Debit                Credit

Feb 1
Services                                500
           Accounts Payable                               500

Feb 25
Accounts Payable               300
          Cash                                                      300

March 5
Accounts Payable               200
          Cash                                                      200

The entries made in March 5th zeroed out the Accounts Payable on the Services bought on account last February 1st.
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The type of culture that Rahals built was clan culture, when the owners, work to encourage unity to increase their employees' job satisfaction and commitment.

<h3>What is clan culture?</h3>

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brainly.com/question/25010777

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2 years ago
There were initially two satellite radio providers in the U.S. market, Sirius and XM Radio. The firms merged to form one firm, a
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Explanation:

A merger occurs when two companies comes together and becomes one. This is done in order to expand the recah of a company, gain a market share, and also expand into new segments.

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7 0
3 years ago
American Inc. had gross sales of $925,000. Cost of goods sold and selling expenses were $490,00 and $220, 000 respectively Ameri
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Answer:

a. Particulars                                Amount

Gross sales                                  $925,000

Less: COGS                                 <u>$490,000</u>

EBITDA                                        $435,000

Less: Depreciation                      <u>$120,000</u>

EBIT                                              $315,000

Less: Interest on notes payable <u>$8,800   </u>  (220000*4%)

EBT                                               $306,200

Less: Tax (35%*306200)             <u>$107,170</u>

Net Income                                   <u>$199,030</u>

<u />

b. Operating cash flow = Net income + Depreciation

Operating cash flow = $199,030 + $120,000

Operating cash flow = $319,030

6 0
3 years ago
In a small​ town, a steel mill produces air pollution. if the government does not​ intervene, the equilibrium price of steel wil
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Answer: a. less than the socially optimal​ price, greater than the socially optimal quantity

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The Steel Mill is also selling quantity that is greater than what would be considered socially optimal because the socially optimal level would account for the pollution and adjust in such a way that the Pollution is minimized

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