Do you know the answer cause I. Need help aswellllllllllll
Answer:
The answer to the following question is that the account receivables account would be debited by the $8100 and the service revenue account would be credited by $8100.
Explanation:
The given information -
Service provided to J. Anthony - $1900
Service provided to A.Martin - $4900
Service provided to S.Lee - $1300
JOURNAL ENTRY -
SN Particular LF Debit Credit
1 Account receivables $8100
a) J. Anthony - $1900
b) A. Martin - $4900
c) S .Lee - $1300
To Service revenue $8100
( Service provided to customers )
Answer: Product departmentalization
Explanation: In simple words, product departmentalization refers to a process in which an organisation puts all the activities related to a project under a single manager. All the activities relating to that product will be performed in that separate department.
In the given case. the organisation is dividing all their products in separate departments. Hence we can conclude that they most likely follows product departmentalization.
Answer:
c. is considered to be a reduction in the cost of borrowing.
Explanation:
The premium on bond payable arise when the bond payable is issued more than the face value. It is a liability account consist of the credit balance that is presented on the liability side of the balance sheet
Moreover, it is deducted in the borrowing cost and amortized as an interest expense to the bonds life. It is added to the bond payable
Hence, the correct answer is c.