Answer:
<u>Black Diamond Express</u>
<u>Trial Balance as at January 31, 2018.</u>
Debit Credit
Accounts Payable $1,100
Rent Expense $500
Accounts Receivable $1,700
Service Revenue $3,000
Cash $1,400
Supplies $200
Common stock $2,000
Salaries and Wages Expense $1,300
Dividends $1,000
Totals $6,100 $6,100
Explanation:
A trial balance is a list of balances (debits and credits) that is prepared from the ledger accounts from which Financial Statements are prepared.
The Trial Balance can be used a check to the correctness of the double entry system.
Candy purchased for the party = 7 3/4 pound
= 31/4 pounds
= 7.75 pounds
Guests who are going to attend the party = 10
now divide the total amount of candy by 10 to find the amount of candy each guest will get.
= 7.75 pounds/ 10
= 0.775 pounds
The statement "Henry is not required to report the $12,000 alimony received as income and Charlotte cannot claim alimony paid as an adjustment to income " is True
Explanation:
Significant information provided - The divorce between Charlotte and Henry was finalized in January 2019 and split in 2018.
Charlotte paid $12000 for Henry's foodstuffs in 2019.
The review and conclusion of the study - In the case of the divorce finalized in 2019 or later, the food allowance is now no longer deducible and is not declared as wages by the beneficiary according to the U.S. Internal Revenue Service.
In that case, the $12000 under income received will not be declared by Henry and Charlotte is not entitled to claim alimony as a result of salary adjustment.
So, Option B is correct statement.
Answer:
D.
the federal reserve injects money into banks to give them peace of mind to lower their interest rates. the lower the interest rate, the more people will loan from the bank. this increases the funding to the bank when the loans are paid off so the bank can pay back the reserve while having increased profit
Investing is when you invest or expend your money into a business, stock, etc to make money. You can always invest safely or be risky but have a chance of losing your money. Saving is when you save up you money and don’t do anything with it neither spend it or invest it.
