Answer:
Journal entry recording the interest
Debit Credit
Interest Expense $7,350
Cash $7,000
Interest Payable $350
As $7,000 is paid from the total expense of $7,350. Remaining interest of $350 is recorded as liability in interest payable account.
Answer:
b. 15 and 20
Explanation:
Given that an average housekeeper needs about fifteen to thirty minutes to clean a room during a shift. And the work time always happen when hotel visitors are out of their rooms for activities, or they elapsed their duration. Also, noting that a shift for housekeeper is at average of eight to ten hours.
Hence, depending on the type of hotel, housekeeping associates typically service between fifteen to twenty rooms per day which equates to average of 5 - 6 hours full of work.
Answer:
Kelly Pitney
Explanation: Amount in $
May 3. Cash Dr.4,500
Unearned Revenue Cr.4,500
May 5. Cash Dr.2,450
Advance fee Cr.2,450
May 9.
Advertisement Expense Dr. 225
Cash Cr.225
May 13. Stationary Dr. 640
Cash Cr.640
May 15. Account Receivable Dr. 9,180
Service Revenue Cr. 9,180
May 16. Salaries Expense Dr.750
Cash Cr.750
May 17. Cash Dr.8,360
Service Revenue Cr.8,360
May 20. Supplies Dr.735
Supplies Payable Cr.735
May 21. Account Receivable Dr.4,820
Service Revenue Cr.4,820
May 25. Cash Dr.7,900
Service Revenue Cr.7,900
May 27. Cash Dr.9,520
Account Receivable Cr.9,520
May 28. Salaries Expense Dr.750
Cash Cr.750
May 30-31. Utility bill-Telephone Dr.260
Utility bill- Electricity Dr.810
Cash Cr.1,070
May 31. Cash Dr.3,300
Service Revenue Cr.3,300
May 31. Account Receivable Dr.2,650
Service Revenue Cr.2,650
May 31. Drawings Dr.10,500
Cash Cr.10,500
b. Trail Balance
Kelly Pitney
For the moth of May
Amount in $
Dr. Cr.
Cash 22,095
Unearned Revenue 6,950
Advertisement Expense 225
Stationary Expense 640
Account Receivable 7,130
Service Revenue 36,210
Salaries Expense 1,500
Supplies Payable 735
Supplies Expense 735
Electricity Expense 810
Telephone Expense 260
Drawings 10,500
Total 43,895 43,895
Answer:
The answer is C. international trade
Explanation:
International trade is the exchange of goods and services between countries.
