Annual means compounded once a year. This statement is true. Compounded means gathered together. Example of annual are => Annual salary - In which your monthly salary is being calculated together to be able to have the total of annual salary. => Annual interest - in which the monthly interest is being add up together to get to annual interets.<span>Annual also known as yearly. Being calculated the total number of amount accumulated in one whole year.</span>
Answer:
The correct answer is "work simulation"
Explanation:
Work simulations are particular employment tests that demand candidates to execute tasks that they would do on the job.
Answer:
Explanation:
The question says to complete the necessary adjusting entry
What is an adjusting entry:
An adjusting entry represent an accounting entry passed usually at the end of the accounting year to ensure that accounts following the matching principle. An adjusting entry can further be passed to calculate and bring in respective account balances at the end of the period.
Therefore, the required adjusting entry is as follows:
Date Particulars Debit Credit
Dec 30 Salaries expense $4,000
Salaries payable a/c $4,000
being the record of salaries accrued at the end of the year
Note: Since a day is $800 and there are 5 days, the accrual is $800 x 5 = $4,000
Answer:
32 700
Explanation:
that is the answer 32 700
The journal entry to record the payment of the note and entire interest on april 1, 2017 is as follows; Debit Notes Payable $4,000, Debit Interest Expense 120, Debit Interest Payable 40, <span>Credit Cash $4,160.
April 1,2017
Notes payable $4,000
Interest expense $120
Interest payable $40
Cash $4,160</span>
