Answer:
Total assets remained unchanged.
Explanation:
Purchase of Equipment is a capital expenditure which increase the fixed asset of the company and decrease the cash if paid in the form of cash. Net effect of the both sides is That there is no increase in the total assets and cash in current asset decreases and Equipment in fixed asset increase so, the total assets balance will be unchanged.
Answer and Explanation:
In the first situation, the journal entry is
Cash Dr $1,600
To Unearned revenue $1,600
(Being the unearned revenue is recorded)
For this we debited the cash as it increased the assets and credited the unearned revenue as it also increased the liabilities
The adjusting entry is
Unearned Service Revenue XXXXX
To Service Revenue XXXXX
(Being the adjusting entry is recorded)
If this entry is not recorded than it would leads to understated of revenue and overstated of liabilities
The four critical project attributes that the project manager must integrate.
powerful assignment control entails having the following attributes that are vital in turning into an effective assignment manager:
powerful communique capabilities.
strong leadership skills.
Accurate choice maker.
Technical understanding.
Inspires a shared vision.
Assignment management is the technique of leading the paintings of a team to reap all mission dreams inside the given constraints. This facts is normally defined in project documentation, created at the beginning of the development system. The number one constraints are scope, time, and budge.
A mission supervisor is accountable for the making plans, procurement, execution and finishing touch of a assignment. The challenge supervisor is in fee of the entire venture and handles everything involved, such as the task scope, handling the undertaking crew,
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Answer:
$27,000
Explanation:
Allowance for doubtful accounts before adjustment $15,000
Allowance provided for the month;
$800,000*1.5% $12,000
Closing balance for Doubtful Accounts $27,000
The allowance for doubtful accounts is provided on net sales basis therefore sales are multiplied with % of bad debt allowance given in question.