Answer:
The journal entries are shown below
Explanation:
The journal entries are as follows
a. Product warranty expense $13,590 ($151,000 × 9%)
To Product warranty payable $13,590
(Being the warranty estimated expense is recorded)
b. Product warranty payable $207
To Supplies $120
To Wages payable $87
(Being the warranty work is recorded)
Only these two entries are passed
If he pays for the rights to use the name and logo of an existing deli company. The type of business is Shonda forming is: A. A franchise.
<h3>What is franchise?</h3>
Franchise can be defined as the way a person or a company is given the license or right to use a another company trade name or logo.
Based on the given scenario Shonda forming a franchise type of business because he was given the rights to use the name and logo of an existing deli company.
Therefore the type of business is Shonda forming is: A. A franchise.
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Answer:
A) true
Explanation:
Compound interest can be regarded as
adding of interest gotten to the principal sum of a deposit or the principal sum of a loan. It's one that is gotten after reinvesting of ones interest instead of paying it out, as a result of this the interest that comes in
next period will be earned on the principal sum along with those interests accumulated before. It should be noted the process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods.
Answer:
ABC Daycare
Effect of Performing Plumbing Services on account on the Accounting Equation:
Assets (Accounts receivable) will increase by $565 and Equity (Retained Earnings) will equally increase by $565
Explanation:
a) Data and Analysis:
Accounts receivable $565 Service Revenue $565
The accounting equation that equals assets to liabilities and equity is always true at all times and with every correctly posted transaction. It implies that assets are financed through the contributions made by either the owners (equity) or the creditors (debts), or a combination of the two. This equation forms the basis for the double-entry system of financial accounting.
The thing which was seen as a <em>sign </em>of the most power and influence among European nations was imperialism as this was seen as an important factor because the<em> European nations </em>wanted to extend their influence to other places.
As a result of this, we can see that imperialism as a term is the use of military force or other means to gain control over a group of people on their land and rule over them.
This was seen as a sign of great power among the European nations as this was a good advantage as they were able to exploit the resources of the lands which they had conquered.
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