All categories

4 years ago

Consider the following list of accounts:

Business

1 answer:

elena-s [515]4 years ago

5 0

Answer:

C) Six.

Explanation:

As we already know that

The expenses, assets, losses, dividend contains a debit balance while on the other hand, the liabilities, revenues, revenues, gains, stockholder equity contains credit balance

If there is an increase in a debit balance account then it always shown in the debit side itself and vice versa

And, the same is applied for credit balance

Therefore, the accounts which have a normal debit balance are cash, utilities expense, salaries expense, account receivable, equipment, and the dividend

You might be interested in

Machinery purchased for $61,800 by Swifty Co. in 2016 was originally estimated to have a life of 8 years with a salvage value of

Anettt [7]

Answer:

Explanation:

Before preparing the journal entry, we need to do some calculations which are shown below:

The computation of the depreciation expense under the straight line method is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($61,800 - $4,120) ÷ (8 years)

= ($57,680) ÷ (8 years)

= $7,210

In this method, the depreciation is same for all the remaining useful life

The net book value would be

= Original cost - depreciation expense × number of years

= $61,800 - $7,210 × 5

= $61,800 - $36,050

= $25,750

Now the accumulated depreciation would be

= (Net book value - salvage value) ÷ number of years

= ($25,750 - $4,635) ÷ 5 years

= $4,223

The journal entry would be

Depreciation expense A/c Dr $4,223

To Accumulated depreciation A/c $4,223

(Being the accumulated depreciation is recorded)

7 0

3 years ago

Using the midpoint method, what is the price elasticity of supply from a price of $4.00 to a price of $4.50 per iced coffee?

Elena-2011 [213]

This question is incomplete. The complete question, answer & explanation for this question is given in the attachment below.

6 0

3 years ago

The website that was the primary catalyst for growing electronic government, and is the official U.S. gateway to all government

kobusy [5.1K]

Answer:

Explanation:

The website that was the primary catalyst for growing electronic government, and is the official U.S. gateway to all government information is the firstGov.gov. The website is now the USA.gov

The firstgov.gov website was created by the United States General Services Administration. Part of the reason for its creation is to improve the citizens interaction with the government. The website directs visitors to the services or information they are looking for, it also seems public opinion on how to improve government.

5 0

3 years ago

Summarize your understanding of how management and leadership can utilize paradoxical thinking to improve the organization

snow_tiger [21]

Answer:

Management and leadership realize how paradoxical thought can be used to enhance organization.

Explanation:

Paradoxical thinking a current method to understand fully and externalize the measures to improve our conflicting qualities can lead to actual leadership and achievement.

Successful executives and administrators will realize that, in their job, members need the skills to deal with inconsistencies and accept opposing powers to maximize efficiency and meet the corporate objectives.

3 0

3 years ago

Ans: Loss on sale Rs. 700; Balance bld on 2017 Rs. 45,000 Mahindra Company which depreciates its machinery at the rate of 10% un

kiruha [24]

Answer:

can you come and check my question and if you can guide me

6 0

3 years ago