Answer:
b. Interest on a note payable should be credited to Notes Payable because it increases the amount of principal to be repaid at the maturity of the note.
Explanation:
Interest accrued on a note payable journal entry :
Debit : Interest Payable
Credit : Note Payable
Answer:
B
Explanation:
Insurance verification cannot be performed until the patient arrives for services
One of the best-reported predictors of college adjustment is<u> "high self esteem".</u>
Self-esteem is your general conclusion of yourself — how you feel about your capacities and restrictions. When you have solid Self-esteem, you like yourself and consider yourself to be meriting the regard of others.
The advantages of a high Self-esteem are many. Kids who have high Self-esteem come to esteem themselves and consider themselves commendable accomplices and skilled issue solvers. They build up a solid adjust of preferring their identity, yet additionally perceiving that there are ways they can proceed to develop and to create.
Answer:
The answer is: Gross profit = $2,788
Explanation:
- Feb. 1 Purchase 110 units $46 per unit
- March 14 Purchase 190 units $48 per unit
- May 1 Purchase 135 units $ 50 per unit
312 units were sold at $64 per unit, tax rate is 30%
Using FIFO, what is the company's gross profit? We first calculate COGS
Cost of goods sold - 312 units:
- 110 units at $46 per unit = $5,060
- 190 units at $48 per unit = $9,120
- 60 units at $50 per unit = $3,000
Total COGS = $17,180
<u>Income statement for Hogan Industries 2017</u>
Total revenue $19,968
<u>COGS ($17,180) </u>
Gross profit $2,788
<u>Taxes 30% ($836.40) </u>
Net profit $1,951.60
