Answer:
C. a result of the seasonal pattern of work in specific industries
Explanation:
Seasonal Unemployment results out of seasonal demand of labor in those industries where the nature of job is dependent upon weather or business seasons.
For example in case of crops, during the harvest season, there is high demand for labor while during the rest of the year there is no demand at all. So laborers of such industries are employed for a fixed duration in an year and remain unemployed for the rest of the period.
This unemployment is not due to inadequacy of labor skills but results owing to nature of the industry and seasonal pattern of the work required.
Answer:
The balance in Eve's prepaid insurance account as of December 2021 is $18000 as shown below.
Explanation:
The balance of prepaid insurance would be the balance left after 12 months expense has taken from both amounts
Liability policy $36000*6/18=$12000
Crop damage policy $12000*12/24=$6000
Balance of prepaid insurance $18,000
The balance of $18000 would be left in the prepaid insurance account,whereas the balance damage crop policy account would be enough for the coming year, there is a need for 6 months insurance policy payment in respect of liability policy in the year 2022
<span>The scenario in which the store advertises its equipment in a popular magazine every Monday and on a television commercial every Thursday at 5:00 p.m. for a period of three months is an example of </span>continuous media schedule. It is type of advertising that includes advertising of <span>the products throughout a planned period of time.
</span>
Answer and Explanation:
The Journal entries are shown below:-
a. Accounts receivable Dr, $2,000
To Service revenue $2,000
(Being service revenue is recorded)
b. Wages expenses Dr, $1,000
To Wages payable $1,000
(Being wage expenses is recorded)
c. Interest expenses Dr, $400
To Interest payable $400
(Being interest expenses is recorded)
d. Lawn service expenses $500
To Accounts payable $500
(Being lawn service expenses is recorded)
e. Interest receivable $200
To Interest revenue $200
(Being interest revenue is recorded)
f. Salaries expenses $900
Salaries payable $900
(Being salary expenses is recorded)
Answer:
Rice Co.
Journal Entries:
April 5:
Debit Inventory $28,000
Credit Accounts Payable (Jax Company) $28,000
To record the purchase of goods, terms 2/10, n/30.
April 6:
Debit Freight-in Expense $700
Credit Cash Account $700
To record the payment of freight costs for goods purchased from Jax Company.
April 7:
Debit Equipment $30,000
Credit Accounts Payable $30,000
To record the purchase of equipment on account.
April 8:
Debit Accounts Payable (Jax Company) $3,600
Credit Inventory $3,600
To record the return of goods to Jax Company.
April 15:
Debit Accounts Payable (Jax Company) $24,400
Credit Cash Discount $488
Credit Cash Account 23,912
To record the full settlement on account.
Explanation:
Rice Co's journal entries are made on a daily basis as transactions occur. They show the accounts to be debited and the ones to be credited in the general ledger. Journal entries are the initial records of transactions made by the company in its accounting system.
