Answer:
B. Cash 58,800 Accounts Receivable 58,800
Explanation:
Sale of 100 printers to Office Rental Company at $600 each and offered a 2% discount for payment within 10 days
Is Recorded as
Trade Receivable $ 58,000 (debit)
Revenue $58,000 (credit)
Being Recognition of an Asset - Trade Receivable and Recognition of Revenue less sales discount
On payment of full payment transaction is recorded as
Cash $ 58,000 (debit)
Trade Receivable $58,000 (credit)
Being De-recognition of Asset - Trade Receivable and Recognition of Revenue
Answer:
The amount of Current liabilities is $7,710
Explanation:
The amount of current liabilities on the classified balance sheet is seen below;
Constable Corp.
Balance sheet as at December 31, year 1.
Current liabilities
Accounts payable $4,540
Wages payable $3,170
Total $7,710
Answer:
B
Explanation:
One advantage of the direct organizational plan is that it positions the major news first.
The major news receives the most attention because of it importance,hence it is given proper analysis which in turn brings attention.
When the direct approachis used, the main idea (such as a recommendation, conclusion, or request) comes in as the top on the priority list of the document, followed by the evidence. This is a deductive argument. This approach is used when your audience will be neutral or positive about your message.
Take value of the home $210,000
Subtract his balance of 160,000
Leaves you with 50,000
50% of 50,000= 25,000
Answer:
they are known as shareholders
