Answer:
Balance = $1,650
Explanation:
As Norma company has paid 4 months rent in advance, therefore at the end of June, norma company will record its 1-month expense as follows
Adjusting entry at the end of June would be
DEBIT CREDIT
Entry
Rent Expense $550
Prepaid Rent $550
The balance on Norma's prepaid expense would be
Prepaid Rent = $2200
Rent Expense = ($550)
Balance = $1,650
Answer:
the book value of the shareholder equity is $53,413
Explanation:
The computation of the book value of the shareholder equity is shown below;
Book value of shareholders equity is
= Book value of mailing + net working capital - Long term debt
= $25,955 + $92,535 $65,077
= $53,413
Hence, the book value of the shareholder equity is $53,413
Answer:
<h2>True </h2>
<h3>hope it helped you sorry if i don't have explanations</h3>
Answer:
the average of two middle numbers
Explanation:
the median is the number in the middle of an arranged from smallest to largest number of a set of numbers
when you have an even number of data there is no 1 number in the middle so you take the average of the 2 middle numbers
