Answer:
The answer is: D) Accounts:
Salaries Expense: Debit = 1,200
Salaries Payable : Credit = 1,200
Explanation:
Salaries expense is a type of expense account (all expense accounts are temporary accounts). When expenses are recorded, they should be debited.
Salaries expense 1,200
Salaries payable is a liability account. When liabilities increase, they should be credited.
Salaries payable 1,200
Answer:
agree with this
.................................
Answer and Explanation:
The Preparation of income statement is prepared below:-
<u>Rushmore Biking Inc.
</u>
<u>Income statement
</u>
<u>For the month ended February 28
</u>
<u>Particulars Amount</u>
Revenues $7,30,300
Less: Cost of goods sold $4,41,400
Gross profit $2,88,900
Selling and administrative expenses:
Selling expenses $1,48,500
Administrative expenses $72,200
Less: Total Selling and administrative
expenses $2,20,700
<u>Income from operations $68,200</u>
Answer:
Appropriation available for spending = 37000
Explanation:
In the appropriations ledger, the amount available for spending at any moment is the total appropriation minus expenditures plus outstanding encumbrances.
100000 - 35000 - 28000 = 37000
Answer:
False
Explanation:
The decision-making process is a complex process that requires the user to go through seven in-depth steps before coming to a conclusion. This would be used in a business setting by an employee such as a CEO before making important decisions such as cutting a product line or adding a new department. Deciding what to wear each day is a decision, but does not require the in-depth thought process and research that is included in the decision-making process.
