Answer:
c. Dec. 31Fees Earned750 Rent Revenue175 Income Summary925
Explanation:
The journal entry to record the closing of Fees earned and rent revenue is given below:
On Dec 31
Fees earned $750
Rent revenue $175
To Income summary $925
(Being the revenues and fees earned is closed)
For recording this we debited the fees earned and rent revenue and credited the income summary so that the correct recording and posting could be done
Therefore the total amount of $925 is credited to income summary
The factors that impede business ability of African can be liken to trade barriers experienced in African region.
Many potential entrepreneur have been discouraged from starting their enterprises because of various business impediment.
The factors that impede the business ability includes:
- Lack of good road route to deliver goods.
- High tax rate for local produced goods.
- Very high rate of import duties.
- Corruptions among officers with key position
- Lack of support for Small & medium enterprises (SME)
- Inaccessibility to finance for the business such as loan.
- Unfavorable government policy or regulation on business corporation
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Answer:
To recover on the ground of negligence, Fazio must show that Express Delivery owed him a duty of care, that Express Delivery (through Dixie) breached that duty, that Fazio was injured, and that Express Delivery's breach caused that injury.
Explanation:
There is no question that in operating the truck, Dixie was acting on Express Delivery's behalf and that her actions breached the duty of reasonable care necessary to park the truck.
Asceticism in ancient Indian religion Served as a substitute for sacrificial practices as a means to placate and communicate with the gods.
Explanation:
Asceticism, the practice of rejecting physical or mental impulses to fulfill a moral purpose or goal. Asceticism is the form of self-discipline, self-denial or self-retention to accomplish a particular goal.
No other faith was at least lacking signs or certain characteristics of asceticism. This goal may be a tangible one, but it is metaphysical most often.
Those who follow ascetically practices are often viewed as noble and pursued in the pursuit of greater spirituality. Most ascetics claim that washing the body helps cleanse the spirit, thus gaining a greater link to the Divine or seeking inner peace.
Answer:
$304,500
Explanation:
Interest payable on December 31, year 1 = $290,000 * 5%
Interest payable on December 31, year 1 = $14,500
Total amount of liabilities to be reported on the Balance Sheet, year 1:
= $290,000 + $14,500
= $304,500
So, the total amount of liabilities related to these bonds that will be reported on the balance sheet at December 31, Year 1 is $304,500.
