Answer:
A bank account
Explanation:
because your money is kept safe
Yes, it shouldn’t matter if they’re celebrities or not everyone has their own opinions and should be able to say them. celebrities or not they’re still human
Answer:
d
Explanation:
It's required for income taxes, so that is the best option.
Answer:
1. Wages of $13,000 are earned by workers but not paid as of December 31.
Account Debit Credit
Wages Expense $13,000
Wages Payable $13,000
2. Depreciation on the company’s equipment for the year is $11,560.
Account Debit Credit
Depreciation Expense $11,560
Accumulated Depreciation $11,560
3. The Office Supplies account had a $490 debit balance at the beginning of the year. During the year, $4,582 of office supplies are purchased. A physical count of supplies at December 31 shows $508 of supplies available.
Account Debit Credit
Supplies Expense $4,582
Cash $4,582
Supplies Expense $4,564
Supplies $4,564
4. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that $3,200 of unexpired insurance benefits remain at December 31.
$1,800 worth of insurance have been spent, out of the initial $5,000 prepaid insurance balance. ($5,000 - $1,800 = $3,200)
Account Debit Credit
Prepaid Insurance $1,800
Insurance Expense $1,800
5. The company has earned (but not recorded) $950 of interest revenue for the year ended December 31. The interest payment will be received 10 days after the year-end on January 10.
Account Debit Credit
Interest Receivable $950
Interest Revenue $950
6. The company has a bank loan and has incurred (but not recorded) interest expense of $3,000 for the year ended December 31. The company will pay the interest five days after the year-end on January 5.
Account Debit Credit
Interest Expense $3,000
Interest Payable $3,000
Answer:
d. Net long-term capital gain of $1,000
Explanation:
2020, $4,000 net long-term capital loss that it could not carry back.
2021, Long-term capital gain $2,000
2021, Short-term capital gain $3,000
In 2021, Creeper would reports a:
Net long-term capital gain = Long-term capital gain + Short-term capital gain - Net long-term capital loss
Net long-term capital gain = $2,000 + $3,000 - $4,000
Net long-term capital gain = $1,000
