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3 years ago

The bookkeeper for Sheffield Corp. asks you to prepare the following accrued adjusting entries at December 31.

Business

1 answer:

Scrat [10]3 years ago

4 0

Answer:

(a) Dec 31

Debit Interest Expense $500

Credit Interest Payable$500

(b) Dec 31

Debit Account Receivable $2,000

Credit Service Revenue $2,000

Debit Salaries & wages expense $540

Credit Salaries & wages payable $540

Explanation:

Preparation of the accrued adjusting entries at December 31

(a) Dec 31

Debit Interest Expense $500

Credit Interest Payable$500

(b) Dec 31

Debit Account Receivable $2,000

Credit Service Revenue $2,000

Debit Salaries & wages expense $540

Credit Salaries & wages payable $540

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4 years ago

What is the purpose of checks and balances in the constitution?

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The system of checks and balances is an important part of the Constitution. With checks and balances, each of the three branches of government can limit the powers of the others. This way, no one branch becomes too powerful.

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3 years ago

Read 2 more answers

the common sotkc of Ubees is currently sold at $26.35 per share, and it just a divident of $1.00 last year. The flotation costs

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Answer:

11.06%

Explanation:

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3 years ago

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3 years ago

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Answer:

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3 years ago