Answer:
List is as follows:
(a) Accounts payable - B
(b) Inventory - B
(c) Interest revenue
- I
(d) Long-term debt
- B
(e) Net cash used for financing activities - C
(f) Salary expense
- I
(g) Cash h. Dividends - B, C
(h) Dividends
- R, C
(i) Increase or decrease in cash - C
(j) Net income - I, R, C
(k) Net cash provided by operating activities - C
(l) Retained earnings - R, B
(m) Sales revenue -I
(n) Common stock - B
Answer:
General Journal
Debit
Credit
a(1)
Accounts receivable
$1,349,100
Sales
$1,349,100
a(2)
Cost of goods sold
$977,100
Merchandise inventory
$977,100
b
Allowance for doubtful accounts
$18,100
Accounts Receivable
$18,100
c
Cash
$669,200
Accounts Receivable
$669,200
d
Bad Debt
Expense
[Refer working note 1]
$35,307
Allowance for doubtful accounts
$35,307
e(1)
Accounts receivable
$1,514,600
Sales
$1,514,600
e(2)
Cost of goods sold
$1,299,000
Merchandise inventory
$1,299,000
f
Allowance for doubtful accounts
$26,700
Accounts Receivable
$26,700
g
Cash
$1,110,700
Accounts Receivable
$1,110,700
h
Bad Debt
Expense
[Refer working note 2]
$36,507
Allowance for doubtful accounts
$36,507
.
.
Working note 1 - Computation of bad debt expense for the
year 1
Accounts receivables beginning balance
$0
Add: Credit sales
$1,349,100
Less: Collections
($669,200)
Less: Write-off's
($18,100)
Accounts receivables ending
balance
(a)
<h2>Corporate Idealist </h2>
Meanwhile, successful individuals establish purposes that are often visualizing of a remarkable model version for life. It may also be for the business that is not yet endowed in original characteristics.
In simpler terms, if an individual chooses to drop a few pounds, though this individual has contributed the genuine part of the previous year exploring and tasting street food. However, this schedule does not make a difference during the foreseeable futurity and the analysis target is continuing to be challenging to achieve.
The key is viewing the aiming point like a SWOT analysis and targeting to achieve that aiming point regardless of the challenging obstacle coming between the target. Hence in the podcast, one of the speakers talks about a corporate idealist which means endeavoring and being optimistic toward achieving purposes in professional life along with overwhelming with obstacles occurring in between to accomplish the intentions.
Answer:
In simple words, Retired, incapacity, as well as survivor payments are all part of the Social Security program. In its nature, it is very much like a defined benefit pension plan.
Most employees contribute Social Security levies on their income to apply for many of these claims; claimants' advantages are dependent on the wages earner's payments. Aside from that, benefits like Supplemental Security Income (SSI) are dependent on use.