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marissa [1.9K]
2 years ago
12

7. Give me your pen, please​

Business
1 answer:
mash [69]2 years ago
7 0
Okay no problem it cost 10 dollars tho
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Juarez builders incurred $285,000 of labor costs for construction jobs completed during the month of august, of which $212,000 w
Feliz [49]
The answer is

debit work in process inventory $212,000; credit factory wages payable $212,000.
6 0
2 years ago
Read 2 more answers
Problem 3-1B Identifying adjusting entries with explanations P1 For each of the following journal entries 1 through 12, enter th
antiseptic1488 [7]

Answer and Explanation:

The matching of the journal entries with the given transactions are as follows

A. 10. Prepaid Rent Dr 3,000

              To Cash 3,000

(Being the payment is made)

Increased the assets and decreased the assets

B. 11. Rent Expense 7,500

                 To Prepaid Rent 7,500

(Being prepaid expense is recorded)

Increased the expense and decreased the assets

C. 3. Depreciation Expense 8,000

               To Accumulated Depreciation 8,000

(Being the depreciation expense is recorded)

Increased the expense and decreased the assets

D.  4. Cash 9,000

              To Unearned Professional Fees 9,000

(Being the receipts is recorded)

Increased the assets and increased the liabilities

E. 12. Unearned Professional Fees 6,000

              To Professional Fees Earned 6,000

(Being the prior unearned revenue is recorded)

Decreased the liabilities and increased the revenue

F. 8. Salaries Expense 7,000

          To Salaries Payable 7,000

(Being the salaries expense is recorded)

Increased the expense and  increased the liabilities

G. 2. Salaries Payable 9,000

            To Cash 9,000

(Being the payment made is recorded)

Decreased the liabilities and decreased the assets

H. 1. Interest Receivable 3,500

         To  Interest Revenue 3,500

(Being the accrued revenue is recorded)

Increased the assets and increased the revenue

I. 9. Cash 1,000

           To Interest Receivable 1,000

(Being the receipt is recorded)

Increased the assets and decreased the assets

4 0
3 years ago
Mini-Case Nolan and Sadie have just opened a new restaurant on the edge of town, Cajun Kitchen. They own the land and building a
Amanda [17]

Answer:

C. Will likely have to pay Nolan and Sadie damages if they decide to sue them.

Explanation:

Since Nolan and Sadie has agreement with Green Goddess to maintain the landscape and they are paying them $200 for this service. Green lawn has not given them any notice about the leaves so this comes under the breach of contract terms. The company will be liable to pay Nolan and Sadie if they decide to sue them.

4 0
2 years ago
True/False
alexgriva [62]

Answer:

True

Explanation:

Revenue accounts are accounts were entries of the sales of products as well as the revenue generated by firm or company are properly recorded.

Expense accounts are accounts where that show us the expenses generated by a firm or company. Such expenses are the things the company spends money on which could be purchase of raw materials, payment of labour, repairs of machineries e.t.c.

An accounting period is a duration of time where accounts in a firm or company are balanced and closed for that period.

Revenue and expense accounts must be closed out because their balances apply to only one accounting

period.

3 0
3 years ago
For the following scenario, calculate the surplus and indicate if it is a producer surplus or a consumer surplus. Alice is willi
Sedaia [141]

Answer:

a) consumer

$5

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Willingness to pay is the highest amount a consumer would be willing to pay for a product. The willingness to pay in this question is $30.

The price of the goods is $35 but Alice would pay ($35 - $10) = $25

The consumer surplus is $30 - $25 = $5

Producer surplus is the difference between the price of a product and the lowest price a supplier would be willing to sell his product.

I hope my answer helps you.

6 0
3 years ago
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