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Kisachek [45]
3 years ago
5

A select list of transactions for Anuradha's Goals follows:

Business
1 answer:
umka2103 [35]3 years ago
7 0

Answer:

April 1. Paid six months of rent, $4,800

Requires Deferred expense-type of adjusting entry

April 10. Received $1,200 from customer for six month service contract that began April 1.

Requires Deferred revenue-type of adjusting entry

April 15. Purchased a computer for $1,000.

Requires Deferred expense-type of adjusting entry

April 18. Purchased $300 of office supplies on account

Requires Deferred expense-type of adjusting entry

April 30. Work performed but not yet billed to customer, $500

Requires Accrued revenue-type of adjusting entry

April 30. Employees earned $600 in salaries that will be paid May 2.

Requires Accrued expenses-type of adjusting entry

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Answer:

Finch has an interest expense deduction of the amount of $6,300.

Explanation:

Based on the information given in a situation where Finch pays George interest of the amount of $6,300 in which the amount of $7,000 was the principal payment on the note which means that Finch will have an interest expense deduction of the amount of $6,300 reason been that the amount of interest that was paid to George which is $6,300 will be the amount that is allowed for deduction.

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3 years ago
If a small company invests its annual profits of $150,000 in a stock fund which earns 18% per year, the amount in the fund after
kenny6666 [7]

Answer:

the amount in the fund after 10 years will be $785,075.04

Explanation:

The computation of the amount after 10 years is shown below"

As we know that

Future value  = Present value × (1 + rate of interest)^number of years

= $150,000 × (1 + 0.18)10

= $785,075.04

Hence, the amount in the fund after 10 years will be $785,075.04

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3 years ago
The Carnegie Foundation issued a report recommending that middle schools Multiple Choice become smaller, become more personal, a
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Answer:

D. Smaller "communities" or "houses" should be developed to lessen the impersonal nature of large middle schools.

Explanation:

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2 years ago
How can career readiness and competence help my career​
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6 0
3 years ago
Metlock has been in business several years. At the end of the current year, the unadjusted trial balance shows: Accounts Receiva
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Answer:

the answer is given below;

Explanation:

Allowance for Doubtful Accounts-opening             ($5,355)

Allowance for doubtful accounts-closing    ($300,000*8%) $24,000    

Bad Debt Expense                                                          $18,645

Bad Debt Expense Dr.$18,645

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