<span>This is absolute poverty. This is the state of being where the daily needs of a person or family are not being met, even after completing a day's work. This is in relation to relative poverty, which is based on the standards of living in a certain country. Absolute poverty is the standard at which anyone in any part of the world would be unable to meet their basic food and housing needs.</span>
Answer:
journal entry are given below
Explanation:
given data
gross pay for the period = $1,000
net pay for the period = $820
to find out
journal entry to record the issuance of payroll checks
solution
journal entry are as
Account Name Debit Credit
Labor Expenses $1000
payroll taxes Payable $820
Net Payroll Payable $180
( $1000 - $820 )
Answer:they can track things
Explanation: if they need info all they need to do is hack
Answer:
Debit Supplies expense $5,661
Credit Supplies account $5,661
Explanation:
At the time of purchasing supplies, the entries includes a debit to supplies accounts, and a credit to cash or accounts payable which is dependent on whether the cash purchased was done via cash or an account
For supplies used, debit supplies expense and credit supplies account. The movement in supplies account over a period is due to purchases and its expressed as;
Opening balance + Purchases - Supplies used = closing balance
$1,693 + $4,413 - Supplies used = $445
$6,106 - Supplies used = $445
Supplies used = $6,106 + $445
Supplies used = $5,661
Answer:
OPERATING ACTIVITIES
SOURCES: INTEREST RECEIVED IN CASH $18,000, the company receives money
(USES:) PAYMENT OF WAGES TO EMPLOYEES $35,000, the company pays wages
INVESTING ACTIVITIES
SOURCES: NONE
(USES:) PURCHASE OF A PIECE OF EQUIPMENT FOR CASH $120,000 , the company pays for the equipment
FINANCING ACTIVITIES
SOURCES: NONE
(USES:) DISTRIBUTION OF CASH DIVIDEND DECLARED LAST YEAR $25,000, the company pays dividends
