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4 years ago

At the start of this year 18 months rent was paid. At the year's end how will this affect the balance sheet

Business

2 answers:

Soloha48 [4]4 years ago

5 0

The correct answer to your questions is "Assets will be decreased."

NemiM [27]4 years ago

4 0

At the end of the year the item of the prepaid rent which included in the current assets would be decreased by 12 months rent of the year and would be shown the balance of 6 months rent for the coming year

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Bruce was driving to work yesterday when he was nearly run off the road by a speeding furniture delivery truck. On the back of t

BabaBlast [244]

Answer: Encourage and track complaints

Explanation:

Encourage and track complaints is a method of customer service some organization implemented to curb some customer service issue or likely monitor how well their product and services are or how well their workers treat their customers. This method of customer service operation helps the firm not to loose potential clients and customers already with them but still likes in the hands the clients or customer's feedback.

4 0

3 years ago

If the total assets of a business are $107,000 and its liabilities are $75,000, which of the following statements is correct?

Lady bird [3.3K]

Answer:

a. liabilities are $32,000

Explanation:

Note: In question part $75,000 shall represent equity, as there are only 3 parts of balance sheet assets, equity and liabilities, if assets are given liabilities is what we need to calculate the missing is equity.

Thus, $75,000 is treated as equity.

In that case we have,

Assets = Equity + Liabilities

$107,000 = $75,000 + Liabilities

Assets - Equity = Liabilities

$107,000 - $75,000 = Liabilities

$32,000 = Liabilities

Therefore, correct option is

a. liabilities are $32,000

7 0

3 years ago

How should office workers prevent workplace hazards?

vredina [299]

Use ergonomically designed equipment for work

Answer:C

I think this is the answer

4 0

3 years ago

On April 1, Moloney Musical Instruments sold merchandise on account to Fronke's Flutes for $7,000 on Invoice 1001, terms 2/10, n

Eduardwww [97]

Answer:

The question is <em>"Record the transactions on April 1 and April 10. View transaction list Journal entry worksheet Record the sale on April 1."</em>

Date Account Title and Explanation Debit Credit

April 1 Account receivables $7,000

Sales revenue $7,000

April 10. Cash ($7,000*98%) $6,860

Sales discount ($7,000*2%) $140

Account receivables $7,000

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3 years ago

Kingbird, Inc. receives a $11000, 9-month, 6% promissory note from Sunland Company in settlement of an open accounts receivable.

Scorpion4ik [409]

Answer and Explanation:

The journal entry at the time of receiving the note is as follows:

Note receivable Dr $11,000

To Account receivable $11,000

(Being the note receivable is recorded)

Here the note receivable is debited as it increased the assets and credited the account receivable as it decreased the assets

6 0

3 years ago