Answer:
<u>TRIAL BALANCE:</u>
Debit Credit
Cash 79600
AR 7500
Supplies 400
slaries expense 3100
op- expense 16100
supplies expense 1600
dividends 2000
Account Payable 3000
saalaries expense 3100
Unearned Revenue 5100
Common Stock 60000
Service revenue 39100
110300 110300
Explanation:
We have to record eahc time an accoutn is used and once we got all transactions we determiante the balance
Cash
Debit Credit
60000
8200
28500
15100
2000
<u>96700 17100</u>
<em>79600</em>
AR
Debit Credit
36000
<u> 28500</u>
7500
Supplies
Debit Credit
2000
<u> 1600</u>
400
salaries expense op- expense supplies expense
Debit Credit Debit Credit Debit Credit
3100 16100 1600
Account Payable
Debit Credit
2000
16100
15100
<u>15100 18100 </u>
3000
Salaries Payable
Debit Credit
3100
Unearned Revenue
Debit Credit
8200
<u>3100 </u>
5100
Common Stock
Debit Credit
60000
Service revenue
Debit Credit
36000
<u> 3100 </u>
39100
Then we construct the trial balance which all these account balance.
Answer:
The journal entry to record the establishment of the fund on september 1 is:
1 September Petty Cash $ 470 Dr.
Cash $ 470 Cr.
31st September Office supplies, $95 Dr.
Merchandise inventory, $ 181 Dr.
Miscellaneous expenses $ 44 Dr.
Cash $320 Cr.
To reimburse Petty Cash
The journal entry to reimburse and to increase the fund are same .
October 1 Petty Cash $ 94
Cash $ 94
To increase the Petty Cash by $ 94
A buyer submits an offer to purchase to the listing agent. He finds out that more than several offers are coming in for the same property. He can expect that all offers will probably be presented at the same time, and the seller will select among them.
Explanation:
In certain situations buyers have to consider multiple rival purchase deals. Sellers will deal with different deals in several ways.
Sellers should consider the "highest" bid; warn all potential buyers that other deals are "at the table;" they can "compare" one offer by put the another offer on the side pending a counter-offer vote, or they can "fight" one offer and refuse the other.
The various bargaining tactics that you can use in multiple deals agreements are advantages and disadvantages. The low initial bid may lead to the purchase of the property you want for less than the quoted price, or may lead to the acceptance of a higher offer from another bidder.
Answer:
Explanation:
Cash budget for Pasadena Candle Inc.
Month Purchased Paid
August $40,000 $16,000
September $36,000 $38,400
Calculations:
Month ending payment in September = 60 % x August purchases + 40 % x September purchases = 0.60 x $ 40,000 + 0.40 x $ 36,000
= $ 24,000 + $ 14,400 = $ 38,400
Answer:
The correct answer is letter "C": Short-term disability plans limit maximum coverage in a month, which makes them more affordable for the company.
Explanation:
Short-term disability is the type of employee insurance plan that gives compensation to the workers in front of injuries that are not related to work or illnesses that do not allow employees to develop their regular duties. The coverage starts between 1 to 14 days after workers suffer a condition that does not allow them to work. This type of benefit has a monthly limit which is an advantage for the firm, being this the reason why most employers offer short-term disability coverage.
