Answer:
1725
Explanation:
First you have to find add 4,500 to 2,400 to get 6,900 then you subtract that amount from 88,000 to get 81100, then all you have to do is find the difference between 25% of 88,000 (22000) and 811000 (20275). 22,000 - 20275 is 1725
Answer:
c. Accrue revenue by making an adjusting entry at the end of the period
Explanation:
As in the given situation since it is mentioned that the service is earned but not yet billed or collected so here the revenue is accrued so that the revenue could be recorded by recording the adjusting entry and there is an account receivable at the closing of the period.
Therefore according to the given options, the option c is correct and the same is to be considered
Answer:
1 $65,000
2 $18,000
3 $47,000
4 $50,000
Explanation:
1. Cash flow from Assets = $65,000
2. Cash flow to Shareholders = Dividend = $18,000
3. Cash flow to Creditors = $47,000
4. Net new long term debt = $50,000
Please find attached explanations to the answers above.
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