Answer:
C. Debit Cash $1, 385: credit sales $1, 300: credit Cash Over and Short $85.
Explanation:
Based on the information given The proper entry to account for this excess is:
Debit Cash $1,385
Credit Sales $1,300
Credit Cash Over and Short $85
($1,385-$1,300)
Answer:
The depreciation charge in 2021 is $ 164,000.00
Explanation:
Annual depreciation charge=cost-salvage value/useful life
cost is $610,000
salvage value is $61,000
useful life is 9 years
Annual depreciation charge=($610,000-$61,000)/9=$61000
The depreciation of charge of $61000 is applicable to years 2018 ,2019 and 2020 respectively.
The estimates of the asset changed in the year 2021,hence a new depreciation based on the present book value is required.
revised depreciation charge=$610,000-($61,000*3)-$99,000/(5-3)=
$164,000.00
Answer:
$12,000
Explanation:
Calculation to determine the amount of Wages Expense recorded on the next payday, Saturday, April 3
Wages Expense =$6,000*2days
Wages Expense = $12,000
Therefore the amount of Wages Expense recorded on the next payday, Saturday, April 3 will be $12,000
The right answer for the question that is being asked and shown above is that: "corporate bonds."The cash flows for a perpetuity continue into the future indefinitely. An example of a perpetuity is: <span>corporate bonds</span>
Answer: $12477.27
Explanation:
The formula to find the compound amount after t years (compounded semiannually) :-
Given : Principal amount : P = $ 8,000
Rate of interest : 
Time : 9 years
Now, 
The final amount in the account will be $12477.27
