Answer:
The correct option is C.
Cash A/c Dr $300,000
To Notes Payable $300,000
(Being notes payable issued)
Explanation:
As brick company has sign a $300,000 note which consist 7% interest rate and the duration of note is 9 month on January 1
The question has asked the journal entry on January 1 date.
So, the journal entry is
Cash A/c Dr $300,000
To Notes Payable $300,000
(Being notes payable issued)
The interest part should be ignored because in the question they asked the journal entry of January 1 not in the end of the month. According to the date of asking the journal entry, the amount is to be calculated. Thus, interest should not be considered.
Hence, the correct option is C.
Cash A/c Dr $300,000
To Notes Payable $300,000
(Being notes payable issued)
False. There are other ways to maintain that information.
Answer:
Part a
Debit : Raw material $4,200
Credit : Accounts Payable $4,200
Part b
Debit : Salaries $18,000
Credit : Salaries Payable $18,000
Part c
Debit : Factory utilities $2,200
Debit : Factory Insurance $1,800
Debit : Depreciation $3,500
Credit : Overheads $7,500
Explanation:
The journal entries for each type of manufacturing cost have been prepared above.
Two of the major advantages of a pass-through entity are that investors can assume the tax deductions and losses earnings.
An option to lower taxable income is a tax deduction. A standard deduction is a single, predetermined deduction. Higher-income taxpayers frequently have considerable deductible expenses, such as state and local taxes paid, mortgage interest, and charitable contributions, which is why itemized deductions are popular.
Any expense that is deemed "ordinary, necessary, and reasonable" and aids in the revenue generation of a firm is tax deductible. Usually, it is subtracted from the business's income before taxes.
Learn more about tax deduction here
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<span>The complete question includes these choices:a) self-efficacy
b) agreeableness
c) conscientiousness
d) learned helplessness
e) internal locus of control The correct answer is A) self-efficacy. The other answers wouldn't be of help to Brittany in this case, since her problem is the lack of self-confidence in her working prowess, that is, "self-efficacy". </span>
