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Ede4ka [16]
3 years ago
6

Record each transaction in the​ journal, using the following account​ titles: Cash; Accounts​ Receivable; Office​ Supplies; Prep

aid​ Insurance; Land;​ Building; Furniture; Accounts​ Payable; Utilities​ Payable; Notes​ Payable; Common​ Stock; Dividends; Service​ Revenue; Salaries​ Expense; Rent​ Expense; and Utilities Expense. Explanations are not required. ​(Record debits​ first, then credits. Exclude explanations from journal​ entries.) Jan. ​1: Murphy contributed $78,000 cash to the​ business, Terrence Murphy​, Attorney. The business issued common stock to Murphy.
Business
1 answer:
Naily [24]3 years ago
7 0

Answer and Explanation:

The journal entry is shown below:

Cash Dr $78,000

        To Common stock $78,000

(Being the common stock is issued)

According to the given situation, the journal entry for issuance of the stock is presented above and the same is to be considered. The cash account is debited and shown on the debit side while the common stock is credited and the same shown on the credit side

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5 0
4 years ago
When Russell turned 21-years-old, his father gave him a management position at the family's hardware store. He explained to Russ
kompoz [17]

Answer: This business is a Private Corporation.

Explanation: As the name implies, a private corporation is an organization that is privately owned. Private corporations are capable of issuing stock and having shareholders, but their shares do not trade on public exchanges.

We can see that the company that is described in the scenario above possesses the attributes mentions in the definition.

The company is private because it has been in the family for five generations, also, the managers in the business are hired from within the family.

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3 years ago
Mariah works at a daycare center. She makes $17 per hour and works about 36 hours each week. What type of wages does she earn?
Harrizon [31]

Answer:

Hourly

Explanation:

Hourly because it says she's paid by the hour.

4 0
3 years ago
Read 2 more answers
A practice in which eavesdroppers drive by buildings or park outside and try to intercept wireless network traffic is referred t
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The practice of "wardriving" involves a hacker driving around and using technology to find insecure wireless networks, possibly including ones in your house.

<h3>How could potential victims protect themselves again such an offence?</h3>

The hacker could have access to that network, obtain private information, steal identities, or carry out other nefarious deeds. Are you in danger? It partly relies on how secure your home network is. It makes sense to take precautions against wardrivers for your network, devices, and data.

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8 0
1 year ago
In a Las Vegas casino, an employee discovered a flaw in the accounting system. The accounts payable clerk discovered that he was
kap26 [50]

Answer:

- This type of fraud is check tampering

- It amounts to 20.1% of fraud cases in small businesses, and 8.4% of fraud in large businesses

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Explanation:

Check tampering is a very common fraud that involves changing the beneficiary of a valid check so that funds can be diverted.

In the given scenario the accounts payable clerk was able to change checks to his name in order to divert $10,000. This was only discovered by chance when an employee noticed the change in name.

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4 0
4 years ago
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