To adjust for rent used up during the year that was recorded to the prepaid rent account when paid for;
- Rent expense is debited, prepaid rent is credited
<h3>Prepaid rent account</h3>
A prepaid rent account simply a current asset account that's responsible for reporting the amount of future rent expense that was paid in advance of the rental period.
On this note, the amount reported on the balance sheet is the amount that has not yet been used or expired as of the balance sheet date.
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Answer:
$965
Explanation:
Calculation to determine what Ending inventory assuming weighted-average cost would be:
First step is calculate the Weighted-average cost
Weighted-average cost = [(480 x $2.48) + (440 x $2.75)] / (480+440)
Weighted-average cost =1,190.4+1210/920
Weighted-average cost = 2400.4/920
Weighted-average cost =2.6091
Now let determine the Ending inventory
Ending inventory = (920-550) x 2.6091
Ending inventory = 370x 2.6091
Ending inventory =$965
Therefore Ending inventory assuming weighted-average cost would be $965
The correct answer is creative.
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Answer:
D. Sending your client a business referral
Explanation:
The alternative that corresponds to the circumstance that lends itself to the direct approach of the organization is the sending of a business reference to the client.
The direct approach is used when the main message of a document is described before the argument, that is, before explaining the arguments arising from the idea, the company first presents the central idea, is usually present at the beginning of a document, and immediately after there is the text that provides further clarification of the idea. This strategy is used by companies when there is evidence that the message contained in the document will cause positive or neutral reactions.
Answer:
All the requirements are attached in pictures.
Explanation:
