At some stage in the period, the corporation purchases an additional $three,700 of workplace components for coins. by the give-up of the duration, only $850 of workplace elements remains.
Whilst you buy workplace materials for your company, the purchase impacts the components price account (fairness subaccount) and the coins account (asset). document the purchase through growing the substances price account with a debit and decreasing the coins account with a credit.
Purchase of materials for coins is recorded inside the coins and substances bills. if you buy your supplies on credit score, and it's far a huge sufficient amount that you are in all likelihood to use it over more than one accounting duration, then your liabilities, in terms of money owed payable, boom, and your modern-day belongings growth as well.
Supplies bought from a supplier the usage of credit: The resources cost account is debited and the accounts payable account is credited. inventory purchased from a provider they use of coins: The stock account is debited and the coins account is credited.
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Answer:
If a firm has a debt ratio of 54%, then the firm's debt to equity ratio is 117%
Explanation:
The Debt Ratio is obtained dividing Liabilities / Assets. Then, a result of 54% means that 54% of the asset is composed by liabilities.
<u>Liabilities</u><u> 54 </u>
Assets 100
Debt Ratio= 54%
By the general accounting formula we know that
Assets= Liabilities+Equity. Then,
Assets(100)=Liabilities(54)+Equity(46)
If the Debt to equity ratio is calculated by the division of liabilities/Equity- Then:
<u>Liabilities 54</u>
Equity 46
Debt to Equity Ratio = 117%
This means that for 1 dollar on the Equity the company has 1 dollar plus 17% or 17 cents on the Liabilities.
Answer:
The journal entry for the issue of bond for cash is shown below:
Explanation:
January 1
Cash A/c..........................................Dr $281,400
Bonds Payable A/c....................................Cr $240,000
Premium on Bonds Payable A/c...........Cr $41,400
Working Notes:
Cash = Bonds Par Value × Selling Price
= $240,000 × 117.25 %
= $281,400
Premium on bonds payable = Cash - Bonds Payable
= $281,400 - $240,000
= $41,400
Answer: Option (D)
Explanation:
Human resource management is referred to as the terminology which is used in order to elaborate the strategic proposal to compelling management of the individual in an organization so as these individual assists the organization to gain an advantage. It is known to be constructed in order to maximize the individuals performance.
Answer:
1. Cash (Dr.) $1,470
Accounts receivable (Cr.) $1,470
2. Account Receivable (Dr.) $5,020
Revenue (Cr.) $5,020
3. Salaries Expense (Dr.) $1,380
Cash (Cr.) $1,380
4. Cash (Dr.) $560
Revenue (Cr.) $560
5. Accounts Payable (Dr.) $1,800
Cash (Cr.) $1,800
6. Dividend Paid (Dr.) $340
Cash (Cr.) $340
7. Utilities Expense (Dr.) $440
Cash (Cr.) $440
Explanation:
The Blossom company has incurred expenses and various transactions which are recorded in the journal ledger to form the trial balance of the company. These transaction are recorded according to the company's expense and then these expense are charged to their respective accounts.
