Answer: debit to Dividends Payable.
Explanation:
When the dividend was declared in July 15, the dividend amount was debited to the Retained earnings to show that it was being taken from Retained earnings. It was then credited to Dividends payable to show that the company owed dividends to its shareholders.
On August 15, this liability will be paid off when the dividends are paid and so the Dividends Payable account will be debited to reflect this.
videoconferencing
What is Videoconferencing?
In order to facilitate simultaneous video and audio communication, a videophone combines a telephone with a video camera and a video display. The two-way or multipoint receiving and transmission of audio and video signals by individuals in various locations for real-time communication is known as videotelephony, sometimes referred to as videoconferencing and video teleconferencing. Instead than being used by lone users, videoconferencing promotes using this technology for group or organisational meetings. Both meeting technology, which can go beyond video into robots, and high-quality videotelephony systems, which aim to create the illusion that remote people are in the same room, can be referred to as telepresence (such as moving around the room or physically manipulating objects).
To learn more about Videoconferencing
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The answer is A sounds we make without forming words
Answer:
The year end closing inventory is $1256
Explanation:
The LIFO or Last In First Out method of inventory valuation follows that the latest or last purchased inventory will be the one that is sold first. Thus, under this method, the inventory that is purchased at start will be the one that will be left at the end and will form up the ending inventory.
The ending inventory of 24 units means that these units will comprise of inventory from the beginning of the period.
Thus, out of these 24 units, 8 units will be from the beginning inventory and the remaining from the first purchase (24 - 8 = 16).
The cost of ending inventory will be,
8 units at $49 per unit = $392
16 units at $54 per unit = $864
The total amount of closing inventory is = 392 + 864 = $1256
