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2 years ago

6

Hyperlink is a feature that - a- calculates data in a cell B- connects test in the doc to an outside source C- saves a worksheet

to onedrive D- tracks the amount of data in the doc

1 answer:

chubhunter [2.5K]2 years ago

5 0

B - connects test in the doc to an outside source

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Business collected S6,600 rent in advance on July 1. Accountant record the journal entry for this collected amount on July 1. Th

suter [353]

Answer:

This is correct

Explanation:

There will be two entries. One at the time of receiving cash on 1st July . That would be

Cash. B. $6600 (debit)

Unearned Rent Revenue. $ 6600 (credit)

On 31st Dec an adjusting entry would be made . The rent for 6 months will be calculated which will be as given above.

Rent for 6 months = ( 6,600/12 )* 6= $ 3,300

The entry will be

Unearned Rent Revenue $3,300 (debit)

Rent Revenue $ 3,300 (credit)

$ 3300 will be deducted from the current liabilities on the credit side.

Rent Revenue of $3300 will be added on the credit side of the income statement.

3 0

3 years ago

On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $10,687; Accounts Receivable,

Agata [3.3K]

Answer:

The amount of stockholders' equity as of July 1 of the current year is $39,994

Explanation:

In John Wong, DVM, on July 1 of the current year:

Total asset = Cash + Accounts Receivable + Supplies + Land = $10,687 + $8,307 + $1,853 + $24,857 = $45,704

Liabilities = Accounts Payable = $5,710

Basing on accounting equation:

Total asset = Liabilities + Stockholders' Equity

Stockholders' Equity = Total asset - Liabilities = $45,704 - $5,710 = $39,994

7 0

2 years ago

Use the drop-down menus to indicate whether each of the following events would be recorded as revenues or expenses at the time i

nikitadnepr [17]

Answer and Explanation:

The classification is as followS:

<u>Transactions Accrual basis Cash basis </u>

1. Cash received in advance Not record record the revenue

2. Purchase supplies Not record Not record the expense

3. Received cash for services record revenue record revenue

4. Perform services Record revenue Not record the revenue

5. Pay cash for the supplies Not record record the expense

In this way it should be classified

4 0

3 years ago

Which abbreviation correctly replaces the underlined word? this year the family reunion will be in november in cleveland.

Brums [2.3K]

The answer is: [A]: " Nov. "
________________________________________________________

4 0

2 years ago

our Grandfather wants to establish a scholarship in his father’s name at a local university and had stipulated that you will adm

inn [45]

Answer:

The correct answer is Option A. you will need to deposit $111,111 so that you can fund the scholarship forever, assuming that the account will earn 4.50% per annum every year.

Explanation:

Perpetuity is the cash flows to be receivable for an unspecified period of time. The present value of a perpetuity is calculated as the cash flows divided by the interest rate provided.

Given data;

Amount needed to be deposited = $5000

Interest rate = 4.50%

Present Value of Perpetuity = Cash Flows ÷ Interest rate

= $5000 ÷ 0.045

= $111,111

3 0

2 years ago