Answer and Explanation:
The journal entries are shown below
On Sept 1
Supplies Dr $1,020
To Cash $1,020
(being supplies purchased in cash)
On Sept 5
Dividend Dr $410
To cash $410
(being cash dividend is paid)
On Sept 7
cash Dr 5,500
To Unearned service revenue $5,500
(being cash collection is recorded)
On Sept 16
Cash Dr $770
To Account receivable $770
(being cash collection is recorded)
On Sept 22
Equipment Dr $3,000
To cash $1,100
To Note payable $1,900
(being equipment purchased is recorded)
Answer:
can u show the case study
Answer:
The balance sheet category in which an entity typically would place each of the following items:
1. _Non-Current Assets_ Long-term receivables
2. _(Non-Current Assets)__ Accumulated amortization
3. __Current Liabilities__ Current maturities of long-term debt
4. Page 192_Current Liabilities_ Notes payable (short term)
Explanation:
A company's balance sheet has three main categories: assets, liabilities, and owners' equity. The assets are usually classified as Current Assets or Non-Current (long-term) Assets. On the other side of a balance sheet, there are the Liabilities and Owners' Equity. The Liabilities are classified into Current Liabilities and Non-Current Liabilities. Usually, the Owners' Equity is made up of Owners' Capital and Retained Earnings.
The annual tax bill will be $3150.
<h3>
What is a tax ?</h3>
- Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional, or national.
- Tax revenues finance government activities, including public works and services such as roads and schools, or programs such as Social Security and Medicare.
- In economics, taxes fall on whoever pays the burden of the tax, whether this is the entity being taxed, such as a business, or the end consumers of the business’s goods.
- From an accounting perspective, there are various taxes to consider, including payroll taxes, federal and state income taxes, and sales taxes.
The house tax on the house is $350,000
now, the taxable value is 9 mills per thousand dollars of assessed valuation
then, the annual tax bill = house tax × taxable value
the annual tax bill = $350,000 × 9/1000
the annual tax bill = $3150
To learn more about tax with the given link
brainly.com/question/16423331
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