Answer:
The correct answer is $13.900.
Explanation:
To carry out the verification balance, the nature of the accounts presented in the normal balance of the organization must be taken into account. We have that the assets and income have a debit nature, so it is necessary that the corresponding to that premise are:
Accounts receivable $ 1,800 - Active
Insurance expenses $ 1,300 - Expenses
Prepaid insurance $ 2,000 - Expenses
Land $ 3,000 - Active
Cash $ 3,200 - Assets
Salary Expenses $ 1,400 - Expenses
On the other hand there are accounts that despite being of a credit nature, have credit movements as a result of ordinary activities, which would be:
Dividends: $ 1,200 - Debit nature liability
TOTAL DEBITS: $ 13,900
Answer:
Following Journal Entries are recorded for Kingbird, Inc
Explanation:
<u>March 02</u>
Debit: Account Receivable = $954,000
Credit: Sale = $954,000
(Credit Sale is Recorded)
Debit: Cost of Good Sold = $590,000
Credit: Inventory = $590,000
(To Record Cost of merchandise Sold)
I Would say C. Never took business but it seems like the logical answer.
Explanation:
Medicare and social security contributions. ...
Worker's compensation insurance. ...
Minimum wage and overtime pay. ...
Health insurance. ...
Medical and family leave. ...
Disability insurance. ...
Wellness programs. ...
Commuter benefits.
