Answer:
No. Account Titles & Explanation Debit Credit
1.
Cash $38,000
Barry Capital Account $38,000
2.
No Entry Requires as Employee are only Hired there id no financial transaction involved in hiring the employees only.
3.
Prepaid Rent $10,800
Cash $10,800
4.
Wages Expense $500
Cash $500
5.
Cash $2,900
Revenue $2,900
Explanation:
1. Cash paid is the capital contribution in the business so cash account will be debited and capital account will be credit as per their nature.
2. Hired an employee does not need any transaction as there is no financial involvement in just hiring an employee.
3. Prepaid expense is actually an asset for us as we paid expenses in advance which is not incurred yet. It will be recognized as expense with passage of time.
4. Payment to worker is an expenses against a credit to cash as wage is paid in cash.
5. Revenue earned should be recorded and also received so cash will be debited for the receipt from sales and revenue shold be debited due to its nature of account.
Answer:
<em><u>The </u></em><em><u>switch </u></em><em><u>virtual</u></em><em><u> </u></em><em><u>interface</u></em>
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<em>Switch</em><em> </em><em>Virtual</em><em> interface</em><em> </em><em>(</em><em>SVI</em><em>)</em><em> </em><em>A </em><em>virtual</em><em> </em><em>port </em><em>on </em><em>multiplayer</em><em> </em><em>(</em><em>layer </em><em>2</em><em> </em><em>&</em><em> </em><em>3</em><em>)</em><em> </em><em>switch</em><em> </em><em>that </em><em>routes </em><em>traffic</em><em> </em><em>from </em><em>VLANs </em><em>to other VLANs </em><em>(inter VLAN routing) a logical interface on a switch that is associated with one VLAN which may used to route between 2 + VLAN's connected to a switch without a router being present</em>
Answer: d) Dividends cause equity to decrease.
Explanation:
Dividends are payments to shareholders as a way of sharing the profit that the company made with its owners. Net profit is added to the Equity of company.
In other words, dividends cause equity to decrease because they are taken from Retained Earnings (net income) which are added to Equity. By reducing the amount of Retained earnings available therefore, dividends are reducing Equity.
Answer:
The best recommendation to be made to this client is to do nothing.
Explanation:
Investment in stock is a highly risky investment because price of stock often fluctuates which can make an investor to lose a lot of money.
From the question, the client is already old at age 67 with a low income and he does not have any other liquid assets apart from the annual income of $25,000, mainly from social security and interest on funds held in a bank savings account.
Since losing so much money through investment in stock is not affordable to him, the best recommendation to be made to this client is to that he should do nothing.