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3 years ago

When the company pays rent expense for the current month, what is the effect on the accounting equation for that company?

Business

1 answer:

GREYUIT [131]3 years ago

3 0

Answer:

decrease the stockholder equity and decrease in assets

Explanation:

As we know, the accounting equation is

Total assets = Total liabilities + stockholder equity

In the given case,

The rent is paid for the current month, so the journal entry would be

Rent expense A/c Dr XXXXX

To Cash A/c XXXXX

(Being rent is paid)

So it decreases the stockholder equity as it includes the income and expenses part and it decreases in assets as it reduces the cash balance

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1. In the study of communication, noise is best defined as _

lesya [120]

Answer:B. anything that interferes with the message being heard or understood.

Explanation: Communication is the process of sending and receiving information, Communication must involve the following for it to take place.

Noise is any form of interaction that prevents or interfere with the adequate transfer and recieving of Information.

Communication can be in the form of verbal communication,print media(News papers, letters etc) through electronic communications (email, television, mobile phone etc).

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4 years ago

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) If product Light is processed further and sold, what would be the financial advantage (disadvantage) for Bodbbm177 Corporation

m_a_m_a [10]

Answer: Disadvantage of -$5,800

Explanation:

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3 years ago

Prepare adjusting entries for the following transactions.

Alexxandr [17]

Answer:

Year end Adjusting Entry

Dr. Cr.

Interest Revenue $410

Rent Revenue $410

Property Tax Expense $800

Property Tax payable $800

Service Revenue $3,300

Unearned Service Revenue $3,300

Interest Revenue $300

Rent Revenue $300

Salaries Expense $650

Salaries Payable $650

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4 years ago

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Davidson Company has a product with a selling price per unit of $100, the unit variable cost is $60, and the total monthly fixed

boyakko [2]

Answer:

Contribution margin per unit = $40

Explanation:

Provided information we have,

Selling price of unit = $100

Variable cost per unit = $60

Total monthly fixed cost = $30,000

Number of units sold = 1,000

Contribution margin per unit = ?

Therefore, we know contribution margin per unit = Selling price per unit - Variable cost per unit = $100 - $60 = $40

Therefore, contribution for total units sold = $40 $\times$ 1,000 = $40,000

Final Answer

Contribution margin per unit = $40

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3 years ago

A purchase of merchandise for cash would be posted (A) individually to Purchases and individually to Accounts Payable. (B) indiv

Evgesh-ka [11]

A purchase of merchandise for cash would be posted individually to Purchases.

Option B

Explanation:

Every day, the accounts receivable are filled with individual submissions in the sales newspaper, to keep customer balances on track. Customer account calculations are placed into the comparison column of a sales journal to signify that entries have also been posted (or check marks when customer data are actually kept in alphabet order).

Although companies develop special diaries for routine activities of other kinds, almost all marketing firms use special diaries for orders, deposits, cash receipts, and cash payments.

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4 years ago