Answer:
See the explanation section.
Explanation:
Mar. 4 Cleaning supplies debit = $77
Accounts payable - Health-Rite Supplies credit = $77
<em>To record the purchase of supplies.</em>
Mar. 19 Office equipment Debit = $3,750
Accounts payable - office Warehouse Credit = $3,750
<em>To record the purchase of office equipment on account.</em>
Mar. 23 Cleaning supplies Debit = $224
Accounts payable - Rubble Supplies Credit = $224
<em>To record the purchase of supplies.</em>
The companies set their dividend payout, they generally aim for a rate that is when it is sustainable. <span>The </span>dividend payout<span> ratio is the amount of </span>dividends<span> paid to stockholders relative to the amount of total net income of a company. The amount that is not paid out in </span>dividends<span> to stockholders is held by the company for growth. The amount that is kept by the company is called retained earnings.</span>
Solution :
We calculate the advances form the customer to be reported as the current liability as on Dec. 31, 2009 in the balance sheet as follows :
<u> Particulars </u> <u> Amount ($)</u>
Customer advances the balance Dec 31, 2008 110
Add : advances that is received with 2009 orders is 195
Less : advances applicable to the orders in 2009 -180
Less : advances from orders that are canceled in 2009 <u> -45 </u>
Advances from the customers liability Dec. 31, 2009 80
Therefore, the advance from the customer to be reported in the balance sheet as the current liability is $80.