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zavuch27 [327]
3 years ago
11

Prepare the adjusting journal entries for the following transactions.

Business
1 answer:
Anuta_ua [19.1K]3 years ago
3 0

Answer: See attachment

Explanation:

The adjusting journal entries for the transactions has been attached. It should be noted that for (a), there was a debit of supplies expense by $400 which was calculated as:

= $500 - $100

= $400

For (d),the accounting revenue of $1000 was gotten as:

= 1/2 × $2000

= $1000

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GarryVolchara [31]

Answer:

B. A firm goes heavily into debt in order to obtain funds to purchase the shares of the public.

Explanation:

A leverage buyout refers to when any company purchases any other company by using entirely debt and secure that debt with the assets of the same company they are purchasing.

Hope this helps,

Thank You.

3 0
4 years ago
Which career uses information technology?
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3 years ago
A company struggling to finish the required accounting work for Its year -end. The employees are unwilling to stay late to compl
ValentinkaMS [17]

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Explanation:

5 0
4 years ago
Chong Corporation recently prepared a manufacturing cost budget for an output of 50,000 units, as follows: Direct materials $100
KATRIN_1 [288]

<u>Solution and Explanation:</u>

The following table has been made in order to find out the total variance cost that has been incurred and the total cost

<u>Particulars</u> <u>Cost formula based</u>    <u>Flexible budget  </u>      <u>Actual</u> <u>Variance</u>  

                           <u> on 50000 units</u>          <u>on the basis of </u>

                                                                      <u>60000 unit</u>

Direct materials          $2                            120000 $110000 10000 F  

The direct labour             $1                           60000      60000 0  

Variable overhead              $1.5                      90000 100000 10000 U  

Fixed overhead                $100000               100000 97000 3000 F  

The total cost                                                370000  367000 3000 F  

Where F stands for – favourable and U stands for unfavourable

The total variance cost after the above calculations is = $3000 F

7 0
3 years ago
Differentiate among the business agent of a local union, a shop steward, and an international union representative. How do their
Vinvika [58]

Answer:

See explanations below

Explanation:

Business agent of a local union is basically a title, which is associated with being a chosen representative of a local union. A business agent is an employee of a union(paid employee), appointed to be its representative, who is expected to protect at all times the interest of its members and also act as the link between the chapter and other representatives in other union. He represents the larger interest of the local union such as representing members during disciplinary hearings, agreeing on memorandum of understandings etc.

A shop steward is the face of a union in an organization. He is an employee of a company, but he is elected to be the union representative on various issues such as work related issues and other issues. He ensures that work related issues and other grieviances between his members and the company are resolved amicably. He scheduled a meeting with the supervisors or management of a company and represent the interest of his members at all times.

An international union representative is an elected union representative, who liases with other union representatives in other countries on best global practises regarding workplace issues faced by its members. They share ideas on how best to resolve work related issues faced by employees and also assist local officers in negotiations and in administering labor agreements.

7 0
3 years ago
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