Answer:
Texas' average annual wages were $57,382
Answer:
Rent expenbse 4,650 debit
Miscellaneous expense 4,650 credit
--to reverse the mistaken entry--
Rent expense 4,650 debit
Cash 4,650 credit
--to record the correct entry--
Account Pyable 3,700 debit
Accounts Receivables 3,700 credit
--to ammend mistaken entry--
Explanation:
We have two approachs to solve for accoutning mistakes, the first is to reverse the incorrect entry and then record the entry in a proper manner.
(like on A)
The second method is to do adjustment to fix it like on b
the mistake was to use accounts payable therefore, we write-off that and credit the correct account which is accoutns receivables
Answer:
a) rise; fewer
Explanation:
In the case when the market is more optimistic so the price of the share would be increased that results in the issuance of the few shares to raise the funds that are required keeping all other constant.
Therefore in the given situation, the option a is correct
Hence, the same is to be considered
Thus, all the other options are incorrect
Answer:
What would be the impact on January 1, 2015, the date of the sale?
The following journal entries should be made to register the sale:
January 1, 2015: 2 cars are sold
- Dr Cost of Goods Sold 37,000
- Cr Merchandise Inventory 37,000
- Dr Accounts Receivable 50,000
- Cr Sales Revenue 50,000
On January 30, 2015 Outback Subaru Limited received payment in full from the town for the cars. What would be the impact of this transaction on this date?
The following journal entry should be made to register the payment:
January 30, 2015: the local government paid the cars
- Dr Cash 50,000
- Cr Accounts Receivable 50,000
structure because it's all about how you put it together
