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stiks02 [169]
3 years ago
13

The bookkeeper for Sunland Company asks you to prepare the following accrual adjusting entries at December 31. (If no entry is r

equired, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
(a) Interest on notes payable of $370 is accrued.
(b) Services performed but unbilled totals $1,830
(c) Salaries of $900 earned by employees have not been recorded
No. Date Account Titles and Explanation Debit Credit
(a) Dec. 31
(b) Dec. 31
(c) Dec. 31
Business
1 answer:
jeka943 years ago
4 0

Answer:

(a) Dec 31:

Dr Interest Expense 370

Cr Interest Payable 370

(b) Dec 31:

Dr Account Receivable 1,830

Cr Service Revenue 1,830

(c) Dec 31:

Dr Salaries & wages expense 900

Cr Salaries & wages payable 900

Explanation:

Preparation of Journal entries

(a) Based on the information given we were told that Interest on notes payable of the amount of $370 was accrued which means that the Journal entry will be:

Dec 31

Dr Interest Expense 370

Cr Interest Payable 370

(To record accrued interest on note payable)

(b) Based on the information given we were told that Services was performed but unbilled totals of the amount of $1,830 which means that the Journal entry will be :

Dec 31

Dr Account Receivable 1,830

Cr Service Revenue 1,830

(To record unbilled service revenue)

(c) Based on the information given we were told that Salaries of the amount of $900 earned by employees have not been recorded which means that the Journal entry will be :

Dec 31

Dr Salaries & wages expense 900

Cr Salaries & wages payable 900

(To record salaries earned but not recorded)

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In anonymous surveys, on average people rate themselves as "above average" with regard to characteristics such as intelligence,
BabaBlast [244]

Answer:

A. Overconfidence effect

Explanation:

Overconfidence effect is a kind of bias whereby individual's subjective confidence in their own abilities is greater than the objective or actual performance accuracy of those abilities. During surveys, respondents usually have this kind of bias. An example is the one stated in the question whereby average people tend to fill that they are "above average" on certain features like intelligence and perceptiveness. It is a common bias as individuals usually assume that they are better than their real ability by overestimating those abilities inherently.

8 0
3 years ago
During the past six months, Ben sold goods that cost $43,500, his
cupoosta [38]

Answer:

for this problem the answer would be A. 3.08

Explanation:

Add the expenses and freight (3,500+1,750)

Subtract that from 43,500 (43,500-5250 which equals 38,250). Divide 38,250 by 12,400.

38,250÷12,400=3.08

6 0
3 years ago
1.
Annette [7]

Answer:

<em>under</em><em> </em><em>heal</em><em>th</em><em> </em><em>and</em><em> safety</em><em> </em><em>law</em>

Explanation:

The primary responsibility for this is down to employees workers have duty to take of their own health and safety.

4 0
3 years ago
Mobile phones have evolved from devices intended to place and receive phone calls into handheld multimedia communications device
Bumek [7]

Answer: creeping featurism

       

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In the given case, some customers of mobile phone have a belief that the new features added to the phones have made it complex and less reliable.

     Thus, we can conclude that the given case is an example of creeping featurism.

7 0
3 years ago
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The largest share of the revenues from property taxes and sales and gross receipts taxes are generally received from state and local governments. Individual income taxes are another major source of income.

Explanation:

In fiscal 2010 the total US government and local tax revenues—35% came from property taxes and 34% from sales and gross taxes. In 2010, local governments collected a little more than 75% of their 2010 property tax receipts. Local government tax revenues are primarily financed by property taxes.

Nevertheless, sales taxes and gross income taxes were the major source of revenue for governments. In 2010, the Member States received less than half of their income from sales and gross receipts taxes.

5 0
3 years ago
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