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3 years ago

7

To close the drawing account with a debit balance, credit the account for its balance and debit the owner's capital account. tru

e false

1 answer:

pav-90 [236]3 years ago

8 0

False is the answer.

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It is natural for people to forget to do things, especially if the tasks are not interesting.

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8 0

3 years ago

Read 2 more answers

When Elizabeth was asked to be the after-dinner speaker for the senior honors dinner, she responded with great enthusiasm. She v

Helga [31]

D. To entertain. Elizabeth wants to help them enjoy themselves and also wants them to reflect on the past years

3 0

3 years ago

For each of the following transactions, determine if Raymond Corporation has earned revenue during the month of May and, if so,

kompoz [17]

Answer:In the month of May, Revenue was only earned from Customer C $3,400 and customer D, $2,300. Revenue was not earned from Customers A and B in the month of May. Therefore, total revenue is $5,700.

Explanation:In accordance with the principle of revenue recognition,Revenue will only be recognised when it is earned and services when they are fully rendered. For Customer A, the service has not been rendered, Therefore, the revenue is not yet earned.

For customer B, Although agreement has been reached and goods delivered, since payment hasn't been received, revenue is not recognised.

6 0

3 years ago

Delivering bad news within an organization might involve sharing bad news with your boss or another employee in person or in wri

Alinara [238K]

Answer:

b. prepare and rehearse

Explanation:

In order to be tactful and professional when personally delivering bad news within organizations, you should prepare and rehearse. Before delivering bad news you need to make sure you have gathered all the information from both sides of the story in order to deliver the news tactfully and professionally. Once you have all the information, rehearsing your delivery will allow you to perfect it and implement a more empathetic approach. Taking a partner is also a good choice, as well as waiting for the right moment.

7 0

3 years ago

On November 1, 2018, Mason Corp. sold $700,000 of its 10% term bonds dated October 1, 2018. The bonds were sold to yield 8%, wit

kvv77 [185]

Answer:

$16,000

Explanation:

The computation of the amount reported for the interest payable is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)

= $800,000 × 8% × (3 months ÷ 12 months)

= $16,000

The three months should be taken from October 1 To November 1 and November 1 to December 31

We simply applied the above formula so that the interest payable amount could come

7 0

3 years ago