Answer:
<u>Journal 1</u>
Debit : Prepaid Expense $37,600
Credit : Cash $18,800
Credit : Insurance Expense $18,800
<u>Journal 2</u>
Debit : Dividends $18,000
Credit : Wages $18,000
Explanation:
Journal 1
The first error has to be corrected by debiting the Prepaid Expenses by twice the amount paid to cancel the effect of a credit entry made to that account. Cash is credited to show the correct credit entry that was supposed to be made. Insurance expense is credited to cancel the debit entry made to this account in error.
Journal 2
The error made is called error of principle. This is were the transaction is recorded in the wrong class of accounts. Simply, Debit the Dividends and credit the Wages Account to record and reverse the error out of the Wages Account into the Dividends Account.
In a Unified Command, members representing multiple jurisdictions and agencies work together to establish: the Internet objectives.
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Explanation:</u>
When two or more persons shares the incident commander role is a Unified Command authority structure in an Incident Command System. It is a way for carrying the commanding activities by which the agencies and jurisdictions that are responding will be working altogether for the establishment of internet objectives.
When there exists incidents having many jurisdictions and agencies that this type of command is very essential. The persons sharing the authority will be working together without affecting the responsibilities and authority of the agencies individually.
Answer: normal costing system
Explanation:
A costing system which uses the actual costs for direct materials and the labor and predetermined overhead rates to apply overhead is referred to as the normal costing system.
Normal costing system is the cost allocation method whereby cost is assigned to products which are based on the labor, materials, and the overhead which are used in their production.
It will always be a problem ahead but you will have to overcome and uprise that problem
