Answer:
Solution Provided
Explanation:
Equipment Purchased = $20,600
Residual Value= 2600
useful life = 5years
Dep Straight line Method = <u>Cost- Residual Value</u>
useful life
Dep= <u>20,600-2600</u>
5
Dep=$ 3600
<u> Cash Account </u>
Debit Credit
Salaries 30,900
Utilities 17,600
Sales 231,000
<u>Bal C/D 182,500</u>
231,000 231,000
<u> Accounts Receivable </u>
Debit Credit
Due 4100
Uncollectable
(50%x 4100) 2050
uncollectable
(3%x 2050) 61.5
<u>Bal C/d 1988.5</u>
4100 4100
<u> Accrued Income </u>
Debit Credit
unpaid salaries 33700
Income Tax 10,100
<u>Bal C/d 43,800 </u>
43,800 43,800
<u> Equipment Account </u>
Debit Credit
Purchase 20,600
<u> Depreciation Account </u>
Debit Credit
DEp Charge 3600
Answer:
In simplest terms, the HR (Human Resources) department is a group who is responsible for managing the employee life cycle (i.e., recruiting, hiring, onboarding, training, and firing employees) and administering employee benefits.
Explanation:
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The reason why hosa require students to joint through local chapter instead of joining as individuals is :
Hosa activities are so closely connected with the school curriculum,
And this curriculum usually more compatible if it's carried out in groups.
Answer:
Cruz Company
Indicating whether to (a) record a liability, (b) disclose in notes, or (c) have no disclosure.
Transaction Remark
1. Guarantee of supplier's debt (c) have no disclosure
2. Damages for disgruntled employee (b) disclose in notes
Explanation:
When it is not probable that the supplier whose debt is guaranteed by Cruz will default on the debt, there is no need to make a disclosure since probable liability is not accruing to Cruz. But with the legal case of a disgruntled employee, Cruz should disclose the information in a note. It can only be recorded as a liability when the amount of the damages can be reasonably estimated.