1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Katena32 [7]
4 years ago
9

Transactions for the Swifty Company, which provides welding services, for the month of June are presented below. June 1Swifty in

vests $4,250 cash in exchange for shares of common stock in a small welding business. 2Purchases equipment on account for $350. 3$830 cash is paid to landlord for June rent. 12Bills P. Leonard $410 after completing welding work done on account.
Business
1 answer:
Ugo [173]4 years ago
7 0

Answer:

1. June 1 Swifty invests $4,250 cash in exchange for shares of common stock in a small welding business.

2. June 2 Purchases equipment on account for $350.

3. June 3 $830 cash is paid to landlord for June rent.

4. June 12 Bills P. Leonard $410 after completing welding work done on account.

Journal Entries:

1.

June 1              Dr.      Cr.

Investment   $4,250

Cash                          $4,250

2.

June 2              Dr.      Cr.

Equipment     $350

Account Payable       $350

3.

June 3                Dr.        Cr.

Rent Expense   $830

Cash                               $830

4.

June 12                                Dr.        Cr.

P. Leonard (Receivable)     $410

Welding Service Revenue              $410

You might be interested in
What is a collection of computer applications that are bundled together called
Readme [11.4K]

Answer:

Multiple applications bundled together as a package are sometimes referred to as an application suite.

5 0
4 years ago
Will supply curve have the same exact shape in all market? if not, how will the differ?
Licemer1 [7]

Answer:

At the markets eqilibirium , the quantity demand and the quantity supplied will be equal.If there is a shortage, the quantity demand will be larger than the quantity supplied. If there  is a surplus , the quantity demand will be smaller than the quantity supplied.

Explanation:

4 0
3 years ago
Which of the following examples is the best demonstration of a qualification profile?​
Ksju [112]

The correct answer is C. Highly motivated IT, college graduate, with software design internship. Experience with Java, XML, and HTML. Logical and systematic problem-solver; capable of independently troubleshooting and performing complex coding tasks.

Explanation:

Qualification profiles should mention the qualifications of a candidate for a specific job or position. This includes information about the education, skills, and even experiences of the individual. Moreover, a qualification profile should be brief and should be written using the third person.

All of these requirements are met only in option C because this includes information about education "IT college graduate", experience "experience with Java, XML..." and relevant skills for this job "problem-solver, capable of independently troubleshooting...". Also, this is brief but still includes more information about qualifications than other options. Finally, this is written using the third person as the author avoids the use of words such as "I".

6 0
3 years ago
Read 2 more answers
The fda regulations governing disclosure of individual cois require:
lozanna [386]
COIs stands for Conflicts of Interests. COIs occur when there are two or more interest of contradiction due to any activity in an institution or organization. FDA has regulations for the COIs in clinical research. The FDA regulations governing disclosure of individual COIs require disclosure of Significant Financial Interests that would effect the funding. 
8 0
4 years ago
Robertson Inc. prepares its financial statements according to International Financial Reporting Standards (IFRS). At the end of
qwelly [4]

Answer:

$264,000

Explanation:

Calculation to determine what the accumulated depreciation account will have a balance of:

$240,000 x ($330,000/300,000) = $264,000

Therefore , the accumulated depreciation account will have a balance of:$264,000

8 0
3 years ago
Other questions:
  • Lupe rented her personal residence for 13 days to summer vacationers for $3,800.
    14·1 answer
  • The following data relates to the production of Product B-09 for the current period:
    10·1 answer
  • As a business person planning to open a new small business, you know that the business plan should not contain
    13·1 answer
  • Raina consumes 100% more mechanical pencils when the price of felt-tip pens increases by 50%. for raina, pencils and pens are __
    5·1 answer
  • The potential benefits lost by taking a specific action when two or more alternative choices are available is known as a(n):
    13·1 answer
  • Under each scenario given below, explain whether acl or capabilities would be a good choice for revocation. justify your answer.
    13·1 answer
  • Suppose that the market can be described by the following three sources of systematic risk with associated risk premiums.Factor
    7·1 answer
  • Compute the amount of raw materials used during November if $30,000 of raw materials were purchased during the month and if the
    8·1 answer
  • The ______ method of valuing inventory was developed to avoid reporting inventory at an amount that is ______ than the benefits
    11·2 answers
  • Select the correct answer. cameron purchased an electric guitar for $1,875. the value of the guitar depreciates by 20% each year
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!