The right answer for the question that is being asked and shown above is that: "d. A sole proprietorship has a life of its own apart from its owner." It is considered as the simplest business form where one can operate. It is not a legal entity in itself.
Answer:
January 2, 2020
Dr Cash $52,000
Cr Sales Revenue $52,000
December 31, 2020
Dr Warranty expense $890
Cr Cash $890
December 31, 2020
Dr Warranty expense$640
Cr Warranty Liabiltiy $640
Explanation:
Preparation of the journal entry to record this transaction on January 2, 2020, and on December 31, 2020.
January 2, 2020
Dr Cash $52,000
Cr Sales Revenue $52,000
December 31, 2020
Dr Warranty expense $890
Cr Cash $890
December 31, 2020
Dr Warranty expense$640
Cr Warranty Liabiltiy $640
The Fed can<span> influence the </span>money supply<span> by modifying </span>reserve requirements, which is the amount of funds banks must hold against deposits in bank accounts. ... Inopen<span> operations, the </span>Fed<span> buys and sells </span>government securities<span> in the </span>open market.If the Fed wants to increase the money supply<span>, it buys </span>government bonds<span>.</span>
Jay and Jim does not only take a chance that a bigger
problem may occur, since they foresee that there is a risk if they permit an
illegal worker to drive a truck and has an accident on the job but they are
also indirectly setting the ethics code for their firm.
Answer:
Dr. Cr.
Salaries Expense $8,000
Salaries payable $8,000
Explanation:
Four days of the week passed until December 31. So, the accrued expense will be as follow:
Payroll for 5 days = $10,000
Payroll for 1 days = $10,000 / 5 = $2,000
Payroll for 4 days = $2,000 x 4 = $8,000
Accrued Expense of $8,000 should be recorded and a liability will be made against this expense as payment has not been made.
