Answer:
Accounts Debit($) Credit($)
Cash 10,750
Common Stock 10,750
<u>Being cash invested for common stock</u>
<u> in the business</u>
Office Supplies 312
Cash 312
<u>Being office supplies purchased with cash</u>
Office Equipment 5,945
Account Payable 5,945
<u>Being office equipment purchased on credit</u>
Cash 1,268
Fees Earned 1,268
<u>Being cash received on service rendered </u>
<u>to a customer</u>
Account Payable 5,945
Cash 5,945
<u>Being settlement of amount owned for </u>
<u>office equipment</u>
Account receivable 2,279
Fees Earned 2,279
<u>Being recognition of amount owned </u>
<u>by customer</u>
Rent Expense 525
Cash 525
<u>Being cash paid for rent</u>
Cash 957
Account Receivable 927
<u>Being cash collected for account receivable</u>
Dividend 900
Cash 900
<u>Being dividend paid with cash</u>
Explanation:
Journal entry entries are used to record accounting effect of business transactions. General journal has two sides that make up debit and credit.
Entries on the debit side are assets or expenses while entries on the credit sides are liabilities, equity and income.
Journal also has a narration for each accounting event to provide information about the entry.
Answer:
Total number of equivalent units= 100,000
Explanation:
Giving the following information:
A total of 90,000 were finished during the period and 25,000 remaining in Work in Process inventory were 40% complete with respect to direct labor at the end of the period.
Weighted-average method:
Units completed= 90,000
Ending inventory= 25,000*0.4= 10,000
Total number of equivalent units= 100,000
Answer:
It is False
The law of one price (LOOP) states that in the absence of trade frictions (such as transport costs and tariffs), and under conditions of free competition and price flexibility (where no individual sellers or buyers have power to manipulate prices and prices can freely adjust), identical goods sold in different.
Answer:Could you add the options?
Explanation:
Answer:
B
Explanation:
The Internal Rate of Return (IRR) is the profitability or the ability to generate revenues of the money that remains invested during the life of a proyect. It is also known as the discount rate or cost rate that makes the Net Present Value (NPV) equal to cero. When the NPV is greater than cero, then the proyect creates value ( it is attractive to investors) if it is less than cero, then the proyect destroys value and investors are going to loose money. If the NPV is equal to cero, then investors recover their investment but they do not obtain gains nor losses. The minimum rate of return is the one in which at least investors obtain the same amount ( in present value) of their investment; that is the internal rate of return (IRR).
