Answer:
a. Debit Equipment; Credit Cash.
Explanation:
Backhoe is a fixed asset therefore, cannot be categorized as an expenditure, further it is paid in cash therefore, cash account will be credited, and further
Equipment will be debited, as asset account is debited if created or any value added in it , also in categorization the equipment will be clubbed in fixed assets but directly the amount will not be debited to fixed assets.
Therefore correct entry will be:
Debit Equipment
Credit Cash
Answer and Explanation:
The journal entry to record the factory labor cost is shown below:
Work in progress ($2,060 + $1,710 + $3,130 + $3,520 + $2,150 + $1,410 + $9,540) $23,520
Factory Overhead $10,980
To wages payable $34,500
(to record the factory labor cost)
Here work in process and factory overhead is debited as it increased the assets and expenses and credited the wages payable as it also increased the liabilities
That is good that the interview happened. it would have made a big impact
Answer: Trust
Explanation:
A sales person is an individual who conducts sales on behalf of their company to a buyer.
A key quality a sales person needs to share with his customers is trust.
Trust in sales is built with the customer by: honesty, competence, compatibility and dependability on the part of the salesperson.
Answer: False
Explanation:
A startup firm is a company that is in the first stage of its operations. These firms are often initially bankrolled by their entrepreneurial founders as they make effort as they take chance on developing a product or service for which they believe there is a demand.
