Answer:
The above entry would decrease stockholders' equity by $10,000 and increase the liabilities by $10,000.
Explanation:
Consultation expense is an expense and when the expense gets debited, it refers to expense being incurred which in turn decreases stockholders' equity. Accounts payable is a liability and crediting accounts payable increases the liability.
Answer:
you can start a cyber cafe like modern theme of mechanism you can put there some cats there or some toy cars
Answer:
The correct interpretation of the given problem is outlined in the following portion of the explanation.
Explanation:
On 2019,
Company purchased = $540,000
Life useful = 5 years
(1)...
On year 2019,
On putting the values, we get
⇒ 
⇒ 
Journal - Dr $108,000 in depreciation A/c.
(2)...
Assets A/c Dr $ 92,880, To reassess surplus $92,880
Now,
On putting the values, we get
⇒ 
⇒ 
(Gained revaluation)
(3)...
On year 2020,
On putting values,
⇒ 
⇒ 
Journal - Depreciation A/c Dr. $131,220
.
(4)...
Surplus revaluation: Dr $39,312
On putting values,
⇒ 
⇒ 
(Loss revaluation)
Dividends increased by 10% (0.1) in the first 4 years.
Therefore
Dividends paid in year 1 = $100.00
Dividends paid in year 2 = $100*1.1 = $110.00
Diividends paid in year 3 = $110*1.1 = $121.00
Dividends paid in year 4 = $121*1.1 = $133.10
Dividends paid in year 5 = $133.1*1.1 = $146.41
For the next years 5 - 10, dividends remained constant.
Dividends paid in years 6 - 10 = $146.41*5 = $732.05
Total dividends paid in years 1-10 is
100 + 110 + 121 + 133.10 + 146.41 + 732.05 = $1,342.56
Answer: Total dividends paid in years 1-10 = $1,343 (nearest dollar)
Answer:
$855,000
Explanation:
The Raw Materials T - Account can be used to determine the cost of direct materials used in production using the missing balance technique as follows :
Raw Materials T - Account
Debit :
Beginning Balance $279,000
Purchases $828,000
Total $1,107,000
Credit :
Ending Balance $252,000
Transferred to Production (<em>Balancing figure</em>) $855,000
Total $1,107,000
