Answer:
$77,760
Explanation:
After adjustment items of expenses will be deducted from the Net income, and items of income will be added to the net income.
Item of expenses = unpaid salary + Prepaid insurance (Expired)
Item of income = Interest earned + revenue
Net income after deduction = 77,600 - 795 - 555 + 755 + 755
Net income after deduction = $77,760
Answer:
Accrual basis of accounting
Explanation:
Accruals basis accounting (accruals accounting, the matching concept) depicts the effects of transactions and other events and circumstances on a reporting entity’s economic resources and claims in the periods in which those effects occur, even if the resulting cash receipts or payments occur in a different period.
Revenue from sales and other income should be reported in the period when the income arises (which might not be the same as the period when the cash is received from the customer / client).
Based on the above discussion it can be concluded that the Portie's practice is an example of accrual basis of accounting.
Answer:
I think it would be, ''communication fillers used by a speaker to make their message more relatable.''
Online banking and shopping is such a convenience for many people, but it can also be a major risk. By paying with your credit card online versus your debit card, your risk of fraud is lower. Credit cards offer more fraud protection and prevention than debit cards do. Another way to protect yourself online is to not make and financial transactions over an unknown or unsecured WiFi network. Hackers can easily get their hands on your credentials if you make transactions on unsecured networks. Although online banking and shopping makes life so much easier, you also need to keep yourself and your information safe.
Bad debt is defined as
a debt<span> that is no
longer collectible and therefore worthless to the creditor. In this
case, the uncollectible is $25,000 therefore the answer to this problem is:</span>
<span>Ending balance in bad debts expense = $25,000</span>
