Answer:
Date General Journal Debit Credit
Sept 15 Stock dividend $2,342,400
(1,200,000*8%*24.4)
Common Stock dividend distributable $480,000
(1,200,000*8%*5)
Paid in capital in excess of par- $1,862,400
Common Stock
Oct 1 No Journal entry
Oct 10 Common Stock dividend $480,000
distributable
Common Stock $480,000
I guess there should be an options to choose. Anyway, I know the answer. Thype of credit which is used to lease a building is called Installment Credit.
Answer:
The correct answer is letter "D": 2%.
Explanation:
In 2019, the highest Average Percentage Yield (<em>APY</em>) banks offered in a <em>traditional savings account</em> was 0,01%. The situation is unlikely to change exponentially for 2020. However, the best option is choosing an <em>online savings account </em>since they are offering an APY of up to 2% (<em>HSBC</em>).
Answer:
the deferred revenue account is $2,900
Explanation:
The computation of the deferred revenue account is as follows;
= November sales - redemption of November and December month
= $4,350 - $435 - $1,015
= $2,900
Hence the deferred revenue account is $2,900
It could be come after applying the above formula
Therefore the correct option is 2nd
Answer:
The Firm's Total Liabilities is $450
Explanation:
Use the accounting equation to calculate the Total Liabilities
Total Assets = Total Equity + Total Liabilities
Now rearrange the accounting equation to make the required formula
Total Liabilities = Total Assets - Total Equity
Where
Total Assets = $500
Total Equity = $50
Placing values in the formula
Total Liabilities = $500 - $50
Total Liabilities = $450
