In season January through November.
The appropriate response is two strengths and one threat. Jake had two qualities (these are inward to the operation): (1) $100,000 financing, (2) three talented installers. He had one danger (outer to the operation): (1) poor economy prove by almost no new development and property dispossessions
The entry recognized in the books as at June 1, 2018, is as follows:
AJE:_____
Dr. Cash $40,460
Cr. Rental Income $40,460
<span>To record payment of rental from customer
</span>However, since portion only is realized as at December 31, 2018, thus, adjusting journal entry should be made to adjust the unearned portion.
AJE:___
Dr. Rental Income $16,858
Cr. Unearned Rental Income $16,858
<span><em>To adjust unearned rental income of 5 months
</em>
The unearned rental income is presented under Accounts Payable portion of the books. </span>
What is the question here? also immigrants take less pay and pay no taxes so that doesn't help the situation especially when they send it home out of the US to be exchanged for much more in their country. something sounds fishy....but we also have opportunities in the US to have a career or real job if you call it that. a job is a job and a career is something you work hard to do by getting a degree or years of experience that the person can grow within the company as well. unlike a "job" where you can only go so high up the food chain.
Answer: DR Cash of 1,296 ; CR Revenue $1200 ; CR Sales Tax Payable $96
Explanation:
When accounting for taxes paid on revenue, you must account for them separately.
You add the tax to the sales and DEBIT it to Cash then you take just the sales figure without the tax and CREDIT Revenue. The tax is sent to the Sales Tax Payable Account as a CREDIT.
