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natali 33 [55]
3 years ago
15

What unemployment programs exist in state of Kentucky, eligibility, and how to get these benefits.

Business
1 answer:
mr_godi [17]3 years ago
3 0

Answer:

Unemployment Insurance (UI) is an employer-paid insurance program that provides you with benefits when you’re separated from a job at no fault of your own.  

UI benefits help cover the gap in lost wages while you are between jobs.  The benefits are not based on need, and they’re paid out in weekly payments as long  as you meet eligibility requirements and report on a weekly basis.

If you were let go  from your job, you’re experiencing significantly reduced hours, or you’re out of a job  due to a company closure, you're likely eligible for

UI benefits.

1. Collect your information

2. Create an account Online or By phone

3. File a claim

4. Complete your eligibility review

5. Set up your payment options

Where do I submit my claim?

Kentucky Division of Unemployment Insurance Website

Kentucky unemployment insurance online portal.

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A company offering local telecommunications service combines resources with an international company that manufactures digital s
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A. joint diversification.

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On October 25, 2019, the company paid $29,400 rent in advance for the six-month period (November 2019 through April 2020). On De
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Answer:

Rent expense (Dr,)              $9,800

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Explanation:

The accrual concept of accounting requires us to record the expenses in a period in which they are incurred rather than when cash is paid. When the company paid advance rent of six months at the end of October, it will record a current asset (Unexpired resource) on the face of balance sheet. At the end each accounting period, it is required to expense out the resources (benefits) that are expired (utilized). This can be done through straight-line method. So, on December 31, 2019, the rent expense of two months that is of November and December should be charged to profit and loss statement in-order to record the expense of related period.

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Rent expense per month = 29,400 / 6 = $4,900.

⇒ Rent expense of two months = 4,900 * 2 = $9,800.

This amount should be written off and the required adjusting entry is:

Rent expense (Dr,)              $9,800

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1 False

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