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3 years ago

Boilermaker House Painting Company

Business

1 answer:

Oksi-84 [34.3K]3 years ago

8 0

Answer:

Explanation:

The journal entries are shown below:

1. Account receivable A/c Dr $20,000

To Deferred revenue A/c $20,000

(Being the paint house on account is recorded)

2. Equipment A/c Dr $21,000

To Cash A/c $21,000

(Being the equipment is purchased for cash)

3. Supplies A/c Dr $3,500

To Accounts Payable A/c $3,500

(Being the office supplies are purchased on credit basis)

4. Salaries expense A/c Dr $4,200

To Cash A/c $4,200

(Being the employees salaries are paid for cash)

5. Advertising expense A/c Dr $1,000

To Cash A/c $1,000

(Being the advertising are purchase for cash)

6. Rent expense A/c $5,400

To Cash A/c $5,400

(Being the rent is paid for cash)

7. Cash A/c Dr $15,000

To Account receivable A/c $15,000

(Being the cash is received)

8. Cash A/c Dr $6,0000

To Deferred revenue $6,000

(Being the cash is received)

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The __________ theory of a business's duties to consumers claims that a business has four main moral duties: the basic duty of

Soloha48 [4]

Answer:

Contractual

Explanation:

The complying with the terms of a sales contract, and the secondary duties of theory of a business's duties to consumers claims that a business has four main moral duties.

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3 years ago

A production possibilities frontier with a bowed-outward shape indicates a. increasing opportunity costs as more and more of one

Arada [10]

Answer:

a. increasing opportunity costs as more and more of one good is produced

Explanation:

A production possibility frontier is a curve that shows the two combinations of goods an economy can produce given that its resocurces are fully employed.

The production possibility curves is bowed outwards because of increasing opportunity costs as more and more of one good is produced.

If more of one good is to be produced, more of the second good would be given up to increase the production of the first good.

The attached image is the graph of a production possibility frontier. At point A, the maximum amount of good X is produced with zero quantity of good Y. To increase production of good Y and move to point B, some quantities of good X would be given up. To further increase the production of good Y and move to point C, even more quantities of good X would be given up.

I hope my answer helps you

3 0

3 years ago

The following are selected 2017 transactions of Sean Astin Corporation.

Vadim26 [7]

Answer and Explanation:

The Journal entries are shown below:-

A. a. Purchase Dr, $50,000

To Accounts payable $50,000

(Being purchase of inventory is recorded)

b.Accounts payable Dr, $50,000

To Notes payable $50,000

(Being issuance of notes is recorded)

c.Cash Dr, $50,000

Discount on notes payable Dr, $4,000

To Notes payable $54,000

(Being amount borrowed from bank and issued notes is recorded)

B. a. Interest expenses Dr, $1,000 ($50,000 × 8% × 3 ÷ 12)

To Interest payable $1,000

(Being interest expenses is recorded)

b. Interest expenses Dr, $1,000 ($4,000 × 3 ÷ 12)

To Discount on notes payable $1,000

(Being interest expenses is recorded)

C. The Computation of interest-bearing note and the zero-interest-bearing note is shown below:-

Interest-bearing note = Note payable + Interest payable

= $50,000 + $1,000

= $51,000

Zero-interest-bearing note = Note payable - Discount

= $54,000 - ($4,000 - $1,000)

= $54,000 - $3,000

= $51,000

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3 years ago

Debra notes that Theo Chocolate has started holding its own operations to the same IMO standards of fair trade to which it holds

slamgirl [31]

Answer:

The correct answer is letter "A": Ethical leadership.

Explanation:

Ethical leadership is the set of managerial practices that executives use to give an example to their subordinates and promote good values among the organization. This is typically achieved by promoting fair treatment among workers and social awareness with the external environment of the firm.

In the example, <em>Theo Chocolate started to follow the International Maritime Organization (IMO) standards that promote the safety and security of international shipping and forbid marine pollution from ships</em>.

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4 years ago

Promissory estoppel is a(n) _____ doctrine that permits a court to order enforcement of a contract that lacks _____.

ehidna [41]

Promissory estopplel is a contractual agreement based on a promise rather than on a written contract but is still enforceable and legal such as in regarding payment for services rendered so that the contractor is protected financially.

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3 years ago