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Diano4ka-milaya [45]
3 years ago
10

Transactions for the Oleg Thorn Company for the month of June are presented below.

Business
1 answer:
AlekseyPX3 years ago
6 0

Answer:

The Journal entry for each of the transaction is as follows:

(i) On June 1,

Cash A/c Dr. $5,000

     To Oleg Thorn's capital A/c $5,000

(To record the capital invested)

(ii) On June 2,

Equipment A/c Dr. $3,600  

       To accounts payable    $3,600

(To record the purchase of equipment on account)

(iii) On June 3,

Rent Expense A/c Dr. $800

          To cash A/c                $800

(To record the rent paid)

(iv) On June 12,

Accounts receivable - K. Johnsen A/c Dr. $400

                To service revenue                               $400

(To record the service revenue)

The accounts to be debited and credited for each transaction is as follows:

(i) On June 1,

Debit = Cash and Credit = Oleg Thorn's capital

(ii) On June 2,

Debit = Equipment and Credit = accounts payable

(iii) On June 3,

Debit = Rent Expense and Credit = cash

(iv) On June 12,

Debit = Accounts receivable - K. Johnsen and Credit = service revenue

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Answer:

Who want to rent a boat? 8 person

Explanation:

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 150          10  

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3 years ago
(lavilla) lavilla is a village in the italian alps. given its enormous popularity among swiss, german, austrian, and italian ski
bonufazy [111]

The answer is <u>"120 skiers per day".</u>

On average, 1,200 skiers in the village

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3 years ago
Contracts Capstone 18 of 25Items 36:16 Assignment completion: 72.00% Item 18After selecting an answer, more information on the t
Debora [2.8K]

Answer: The creditor will be able to recover $1,350

Explanation:

The amount that the creditor will be able to recover will be the contract price less the damages for the minor breach by the company.

In this case, the company finished all of the tasks except for the cleaning of the oven. Since this is minor with regards to the contract, the company will be seen to have performed its contract.

Since we are told the cost of finishing the job was 10% of the contract cost, this will be regarded as a minor breach, therefore, the owner of the condominium cannot avoid the payment of the price of the contract price. In this case, the creditor will be able to recover ($1500 - $150) = $1,350.

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3 years ago
Where did the indestrial revolution starts and why did it beinging there​
Marat540 [252]

Answer:

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2-3 personal experience of exploitation as a consumer
Scilla [17]

Answer:

<u>Explanation</u>:

Exploitation often involves a denial of an individual's right (in this case a consumer's right).

Consumers are often exploited in this three areas:

Poor quality standard: For example, one may purchase an electronic device, which in most cases the quality level is determined only after using the product and then discover that the product has failed to meet expectations like performance failure.

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