Answer:
Answer:
Date General Journal Debit Credit
a. Cash $70,000
Common stock $5,000
(5*100 shares * $10)
Additional paid - in - capital $65,000
b. No journal entry required - -
c. Cash $18,000
Notes payable (long term) $18,000
d. Equipment $11,000
Cash $1,500
Notes payable (Short term) $9,500
e. Notes receivable $2,000
Cash $2,000
f. Store fixtures $15,000
Cash $15,000
Answer:
Realidades 2 WKBK page 109
Explanation:
Realidades 2 WKBK page 109
Answer: 18,000
Explanation:
Liability policy:
![Insurance\ expense\ per\ month=\frac{Prepaid\ Insurance\ for\ liability\ policy}{Period\ of\ policy}](https://tex.z-dn.net/?f=Insurance%5C%20expense%5C%20per%5C%20month%3D%5Cfrac%7BPrepaid%5C%20Insurance%5C%20for%5C%20liability%5C%20policy%7D%7BPeriod%5C%20of%5C%20policy%7D)
![Insurance\ expense\ per\ month=\frac{36,000}{18}](https://tex.z-dn.net/?f=Insurance%5C%20expense%5C%20per%5C%20month%3D%5Cfrac%7B36%2C000%7D%7B18%7D)
= 2,000
Insurance expense 2018:
= No. of months from 1 Jan 2018 to 31 Dec 2018 × Insurance expense per month
= 12 × 2,000
= 24,000
Prepaid insurance balance for liability policy on 31 Dec, 2018:
= Prepaid Insurance for liability policy - Insurance expense 2018
= 36,000 - 24,000
= 12,000
Crop damage policy:
![Insurance\ expense\ per\ month=\frac{Prepaid\ Insurance\ for\ crop\ damage\ policy}{Period\ of\ policy}](https://tex.z-dn.net/?f=Insurance%5C%20expense%5C%20per%5C%20month%3D%5Cfrac%7BPrepaid%5C%20Insurance%5C%20for%5C%20crop%5C%20damage%5C%20policy%7D%7BPeriod%5C%20of%5C%20policy%7D)
![Insurance\ expense\ per\ month=\frac{12,000}{24}](https://tex.z-dn.net/?f=Insurance%5C%20expense%5C%20per%5C%20month%3D%5Cfrac%7B12%2C000%7D%7B24%7D)
= 500
Insurance expense 2018:
= No. of months from 1 Jan 2018 to 31 Dec 2018 × Insurance expense per month
= 12 × 500
= 6,000
Prepaid insurance balance for crop damage policy on 31 Dec, 2018:
= Prepaid Insurance for crop damage policy - Insurance expense 2018
= 12,000 - 6,000
= 6,000
Therefore,
Total prepaid insurance balance on 31 Dec 2018:
= Prepaid insurance balance for liability policy on 31 Dec, 2018 + Prepaid insurance balance for crop damage policy on 31 Dec, 2018
= 12,000 + 6,000
= 18,000
Answer:
The answer is D, hope this helped!
Explanation:
The answer is D because its a realistic thing to have bills and sometimes you have to take risks or youll have nothing. <3
Answer:
correct option is d. two-thirds
Explanation:
given data
accumulated = $12.5 trillion
net worth = 14 percent
solution
here as per statistical data of 4th quarter in year 2015,
that required holding is two third of having home.
and Accumulated equity indicate the demand for housing in the country
so here 1 -
=
rd left out
it is assumed that they should get home at the beginning of 2015 (in the 1st quarter)
so correct option is d. two-thirds