1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
polet [3.4K]
2 years ago
14

Blue Spruce Corp. provides security services. Selected transactions for Blue Spruce Corp. are presented below.

Business
1 answer:
WITCHER [35]2 years ago
6 0

Answer:

Oct. 1 Issued common stock in exchange for $80,500 cash from investors.

Dr Cash 80,500

    Cr Common Stock 80,500

2 Hired part-time security consultant. Salary will be $2,400 per month. First day of work will be October 15.

No entry required

4 Paid 1 month of rent for building for $2,400.

Dr Prepaid rent 2,400

    Cr Cash 2,400

7 Purchased equipment for $22,000, paying $4,900 cash and the balance on account.

Dr Equipment 22,000

    Cr Cash 4,900

    Cr Accounts payable 17,100

8 Paid $600 for advertising.

Dr Advertising expense 600

    Cr Cash 600

10 Received bill for equipment repair cost of $480.

Dr Repairs expense 480

    Cr Accounts payable 480

12 Provided security services for event for $3,900 on account.

Dr Accounts receivable 3,900

    Cr Service revenue 3,900

16 Purchased supplies for $500 on account.

Dr Supplies inventory 500

    Cr Accounts payable 500

21 Paid balance due from October 7 purchase of equipment.

Dr Accounts payable 17,100

    Cr Cash 17,100

24 Received and paid utility bill for $181.

Dr Utilities expense 181

    Cr Cash 181

27 Received payment from customer for October 12 services performed.

Dr Cash 3,900    

    Cr Accounts receivable 3,900

31 Paid employee salaries and wages of $6,200.

Dr Wages expense 6,200

    Cr Cash 6,200

You might be interested in
E14.3 (LO 1) (Entries for Bond Transactions) Presented below are two independent situations. 1. On January 1, 2020, Simon Compan
Savatey [412]

Answer:

1) January 1, 2020

Dr Cash 200,000

    Cr bonds payable 200,000

July 1, first coupon payment

Dr Interest expense 4,500

    Cr Cash 4,500

December 31, fourth coupon payment

Dr Interest expense 4,500

    Cr Interest payable 4,500

2) June 1, 2020

Dr Cash 104,000

     Cr Bonds payable 100,000

     Cr Bond interest payable 4,000

July 1, first coupon payment

Dr Interest expense 2,00

    Cr Cash 2,000

December 31, accrued interest expense

Dr Interest expense 6,000

    Cr Interest payable 6,000

 

8 0
3 years ago
Marginal revenue:
natima [27]

Answer:

A. is the change in total revenues resulting from a change in output.

Explanation:

  • The marginal revenue is the additional revenue that can be generated by the addition of the sales of one more unit and by selling those additional units of the gods that will lead to change in the output and increase in the demand values of the product and services. And is equal to the price the company charges form the buyers.
5 0
2 years ago
What is the benefits of international bussiness to firms ?​
muminat

Answer:

Benefits to Firms

It helps in improving profits of the organizations by selling products in the nations where costs are high. It helps the organization in utilizing their surplus resources and increasing profitability of their activities. Also, it helps firms in enhancing their development prospects.

Explanation:

i just looked it up so hope it helps ;)

4 0
2 years ago
Two models for department store success seem to be emerging—one with a strong retail brand approach and one as a showcase store.
yKpoI14uk [10]

Answer:

Showcase stores are stores that display their products in a way that makes it easy for customers to determine what products are available.

Explanation:

Department stores are large stores with various assorted products and they adopt different approaches for selling their products to customers which include retail branding and showcase stores.

In a showcase store, <u>a variety of products available in the store are displayed for customers to see</u>, so they know what the store has available. These products that are showcased are not actually the ones sold.

The retail branding approach involves a large department store owning or controlling several <u>smaller retail outlets with unique brands through which it sells its specific products.</u>

<u>A well branded retail outlet connects better with target customers </u>and provides a more attractive option when they have to choose between competing brands.

5 0
3 years ago
A company has $73M in assets and $24M in liabilities. What is the value of equity?
kaheart [24]

Answer:

\boxed{\sf (C) \ \$49M}

Given:

Assets = $73M

Liabilities = $24M

To Find:

Value of equity

Explanation:

Total equity is what is left over after you subtract the value of all the liabilities of a company from the value of all of its assets.

Formula:

\boxed{ \bold{Equity = Assets - Liabilities}}

By substituting value of assets & liabilities in the formula we get:

\sf Equity =  \$73M -  \$24M \\  \\  \sf Equity =  \$49M

5 0
3 years ago
Other questions:
  • Which of the following might help you succeed at a job interview?
    11·1 answer
  • Fabrication, Inc, makes steel forms that are substandard. Geo Manufacturing Company has never bought or used a Fabrication form,
    12·1 answer
  • Consumers spend little time and effort evaluating alternatives in the purchase of flour and soap. The consumer purchase decision
    6·1 answer
  • Which of the following statements regarding the direct and indirect methods of reporting cash flow from operating activities is
    5·1 answer
  • Your buddy in mechanical engineering has invented a money machine. The main drawback of the machine is that it is slow. It takes
    15·1 answer
  • While training for her new job as a pharmaceutical sales representative, Valerie spent several days shadowing an experienced com
    10·1 answer
  • A builder and a wealthy landowner entered into a written contract whereby the builder would build on the grounds of the landowne
    8·1 answer
  • List 10 effective methods used to maintain employment. 
    7·1 answer
  • Which programs carry out repetitive tasks and can be programmed to make decisions based on specified conditions
    11·1 answer
  • The failure of a licensee to comply with the rbs program requirements shall be grounds for.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!