Answer:
The Journal entries are as follows:
(i) On March 1,
Prepaid insurance A/c Dr. $24,600
To cash A/c $24,600
(To record the purchase of insurance in advance)
(ii) On December 31,
Insurance expense A/c Dr. $20,500
To Prepaid insurance $20,500
(To record the insurance expense)
Workings:
Insurance expense:
= $2,050 × 10 months (From March 1 to December 31)
= $20,500
Answer:
By using credit, you're building up your overall score. Cash purchases go unnoticed by companies and your bank.
Explanation:
Dress Nice
Be respectful
Firm handshake
Answer:
Gross pay = $14,000
Net pay = $8,329
Explanation:
<u>Particular Amount</u>
<u>Salary $14,000</u>
<u>Gross pay $14,000</u>
Less: Federal income tax $3,500
Less: State income tax $1,100
Less: Social security tax $868
$14,000 x 6.20%
Less: Medicare tax $203
<u>$14,000 x 1.45% </u>
<u>Net pay $8,329</u>
Answer:
Apple
Explanation:
It is worth the most money. It is worth 2 trillion dollars.