Answer:
(a) the error will not affect the equality of the trial balance.
(b) the income statement will show higher earnings.
the statement of owners equity will show higher balance.
the balance sheet will show higher balance of ending owners equity and the liability will show lower balance.
Explanation:
(a) both the credit and debit side of the trial balance is recorded, this will dont affect the equality
(b) since the fees earned will be more by $300,000, hence the income statement will have higher earnings.
the balance sheet would show a higher owners equity balance and show a lower liability balance.
the statement of owners equity will have been recorded a higher net income of $300,000.
Answer:
The journal entry which is to be made for the June is shown below:
Explanation:
The journal entry which is to be made for the June is as:
Supplies expense A/c..................................Dr $3,500
Supplies A/c..........................................Cr $3,500
Being record the supplies which were used by the business during operations
The supplies expense is debited against the supplies accounts which were used by the business during June.
Working Note:
Amount = Purchased amount supplies - Inventory of supplies on hand
where
Purchased amount supplies is $4,500
Inventory of supplies on hand is $1,000
So,
Amount = $4,500 - $1,000
= $3,500
Answer:
Year end adjusting entry:
Debit Credit
Salaries expense $1,000
(10*100)
Salaries payable $1,000
January 4, journal entry:
Debit Credit
Salaries expense $3,000
(10*100*3)
Salaries payable $1,000
Cash $4,000
(10*100*4)
Explanation:
The year end adjusting entry that shall be recorded by the Pablo management in its accounts on December 31 in respect of salaries expenses is given as follows:
Debit Credit
Salaries expense $1,000
(10*100)
Salaries payable $1,000
The journal entry that shall be recorded by the Pablo management in its accounts on January 4 in respect of salaries paid to employees is given as follows:
Debit Credit
Salaries expense $3,000
(10*100*3)
Salaries payable $1,000
Cash $4,000
(10*100*4)
Explanation:
He is demonstrating credibility in stating that the basis for an effective marketing strategy is to discover customers' wants and needs and be able to meet them.
Social anaylitcs is a tool for collecting data from users of social networks and identifying behaviors and characteristics that can help marketers to interpret data regarding their potential audience, their needs, their interaction, feelings, identify consumption trends, etc. .
This ability helps to identify patterns that can assist an organization to develop personalized marketing strategies and actions aligned with its potential audience to engage, generate more sales, assist in the decision-making process, etc.
Answer:
is there just one or is there two questions to be answered.
Explanation:
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