The heading goes at the very top of the page, along with your name and address. So heading is correct. Good luck.
Answer:
B. $2,600
Explanation:
The computation of the net rental income is shown below:
= Monthly rental payments × total number of months in a year - (utilities + maintenance & repairs + insurance) × percentage - depreciation expense
= $550 × 12 months - ($3,600 + $900 + $500) × 50% - $1,500
= $6,600 - $2,500 - $1,500
= $2,600
Since only one apartment is on rent so we considered the expenses of the building at 50% not full value and the same is applied above
no pain no gain as it is used in freddie mercury movie
Answer:
falling into debt if faced with a serious problem
Brainliest?
Answer:
Dr Seller Account $100
Cr Buyer Account $100
Explanation:
The property sold on 15th of the month by Mr. A to Mr. B and the utility bill received later of this month would be split between Mr. A and Mr. B. The basis for the split of the utility bills would be the share that Mr. A utilized the facilities and in this scenario, it is $100. Hence the buyer Mr. B has receivable of $100 and the seller Mr. A has a liability payable of $100 amount.
Hence the buyer will debit the bill by $100 receivable and the Seller will debit the bill owed to buyer by $100.
