Answer:
The Journal entries are as follows:
(i) On January 1,
Cash A/c Dr. 26,000
To Unearned subscription revenue 26,000
(To record the receipt of the subscriptions)
(ii) On March 25,
Unearned subscription revenue A/c Dr. $500
To subscription revenue $500
(To record the one week of earned revenue)
Working notes:
subscription revenue for 1 week = 260 × 100 × (1 ÷ 52
)
= $500
Answer:
B. Subtract both values from balance according to books.
Explanation:
There is an option below the question ask for details
The NSF and service charges are recorded in the bank statement and to balance it should be recorded in books as well. So these two items would be deducted from the books so the book balance will be got reduced
As bank reconciliation means the balance of bank and the balance of cash should be equal and balanced
Well currently, as of December 2021, his total net worth is totaled to around $266 billion. I believe, in my opinion, he will become a trillionaire within the next 10-20 years, that is unless Elon’s Tesla operation in China eventually bankrupts him. But considering his current net worth, and if he continues with SpaceX and other futuristic projects offering huge investments, 2030 could get him to around $500 billion.
Answer:
C) using his family home as collateral for a loan
E) mortgaging his factory building
Explanation:
Mr. Jones property rights include his family home and his factory building, and he is taking loans using both of them as collateral.
A: If someone sells a house or an apartment, they transfer their property rights.
B: If his company issues shares, they are not getting a loan, they are increasing their equity.
D: If someone withdraws money form a CD, they are not getting a loan.
Answer:
the following list includes some of the common reasons: 1 lack of planning -businesses fail because of the lack of short-term and long-term planning.... Failure to plan will damage your business. 2 Leadership failure -businesses fail because of poor leadership.
Explanation:
hope it helps:-)
