1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
notka56 [123]
3 years ago
6

Consider the following situations for Shocker:

Business
1 answer:
Delicious77 [7]3 years ago
5 0

Answer:

a.

Cash $4,500 (debit)

Deferred Revenue $4,500 (credit)

b.

Prepaid Advertising $2,700 (debit)

Cash $2,700 (credit)

c.

Salaries Expense $8,000 (debit)

Salaries Accrued $8,000 (credit)

d.

J1

Cash $70,000 (debit)

Note Payable $70,000 (credit)

J2

Interest Expense $2,100 (debit)

Note Payable $2,100 (credit)

Explanation:

a.

Recognize Cash and Deferred Revenue

b.

Recognize Asset - Prepaid Advertising and De-recognize Cash

c.

Recognize Salaries Expense and Recognize Salaries Accrued Liability

d.

J1

Recognize Cash Asset and Recognize Liability - Note Payable

J2

Recognize Interest income accrued on the Note Payable during September to December.

You might be interested in
Income is one factor used in determining whether or not a job is middle class, and the other is?
torisob [31]

Income is one factor used in determining whether or not a job is middle class, and the other is the nature of the work.

In the United States, 50% of people live in the middle class, according to the most recent Pew Research Center survey from 2021. This is a reflection of the middle class's longer-term downward trend over the previous five decades.

According to a recent Pew research, the majority of Americans were not middle class for the first time since at least the 1960s.

Just 50% of adult Americans in America lived in middle-class households in 2021, compared to 54% in 2001, 59% in 1981, and 61% in 1971.

Both the middle class's demographic share and its part of the income pie have been declining.

To learn more about Pew Research Center here

brainly.com/question/11363612

#SPJ4

5 0
1 year ago
The concept of splitting time, energy and other resources between career activities and family or personal activities is known a
JulijaS [17]

Answer:

organized planning

Explanation:

8 0
3 years ago
Which is the biggest company in Germany?
Fynjy0 [20]
Royal Dutch Shell
Shell
7 0
3 years ago
Assume that the level of capital flows between the U.S. and the country of Krendo is negligible (close to zero) and will continu
murzikaleks [220]

Answer:

Stronger

Explanation:

Given that inflation affects trade flows, as the higher price of commodities have negative impacts on exports rates. Thus, all things being equal, it is expected that high inflation should cause downward pressure on the exchanger rate of Krendo.

Hence, the inflation effect will be STRONGER than the interest rate effect in influencing the exchanger rate of Krendo against the U.S. dollar.

3 0
3 years ago
Martinez Furniture Company started construction of a combination office and warehouse building for its own use at an estimated c
baherus [9]

Answer:

$530,672

Explanation:

Base on the scenario been described in the question, we can use the following method to compute the avoidable interest on this project

Use the attached file below to find the solution to given problem .

3 0
3 years ago
Other questions:
  • Assume Dr. Early is an independent contractor for Pharzime and that Pharzime allows Dr. Early to spend money to take doctors who
    15·1 answer
  • In a manufacturing company at present, the pattern shop and the maintenance department are located in the same room. One large c
    9·1 answer
  • This activity is important because as world trade has grown, more companies have entered the global market. Once a firm decides
    12·1 answer
  • Malcolm faced resistance from the team most likely because he did NOT utilize which of the following influence tactics?
    9·1 answer
  • A local bank reviewed its credit card policy with the intention of recalling some of its credit cards. In the past approximately
    13·1 answer
  • Even though copyrights are exclusive rights, US copyright law makes some exceptions. What should an individual do to use copyrig
    11·1 answer
  • Which document establishes an initial record of the receipt of the inventory? petty cash voucher purchase order vendor's invoice
    14·1 answer
  • When Corey runs out of shampoo he buys whatever brand is on sale at his local CVS drugstore. What is his level of involvement in
    5·1 answer
  • What are some positive ways you can impact your Family Circle?
    12·1 answer
  • How might a company go about finding the right inventory control strategy?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!