Answer:
The amount of outstanding checks on Harris Company's June bank reconciliation should be $42700.
Explanation:
Outstanding amount of checks issued = Checks outstanding in beginning of June + Checks issued during the month of June - Checks cleared in June
= $15400 + $64900 - $37600
= $42700
Therefore, The amount of outstanding checks on Harris Company's June bank reconciliation should be $42700.
After the three is to one split, for every one old share, there will be three new shares.
So number of new shares = 5000*3 = 15,000 shares
Since the number of shares increased three fold, the price per share will decrease by three fold.
So the price per share after split = 12/3 =$4
So, after the split, there will be 15,000 shares at $4 per share
An increased focus on health and wellness is an important<u> "social force"</u> that is creating opportunities in many areas for entrepreneurial firms.
In recent years, health and wellness has raised in significance for countless consumers, to a great extent because of a convergence of components, including rising health care costs and a maturing populace. Consumer health risks are likewise developing. As Americans are living longer, chronic infections are likewise on the rise, which means consumers are looking to new, reasonable and helpful organizations to address their afflictions, for example, in-store retail clinics.
Answer:
Explanation:
in booths to attract in-person attention. Online, customers will be able to see all the variety of necklaces we have available and learn about our products. 5. If your company grows big enough to hire sales people, will you set sales quotas or use commissions? Why or why not? (1-2 paragraphs. 5.0 points) I would use commissions. This is because it is more economical for the company, only having to pay sales people when they successfully sell a product. It would motivate the sales people to sell more products because they know they benefit from it. Although it can pressure them sometimes, I feel like it would be the best route to take
Answer:
B. Debit Income summary Debit $ 23,000
Retained Earnings Credit $ 23,000
Explanation:
The closing entries are recorded to close the current year's income statement to the retained earnings account,
According to the data in the question, the revenue is closed to the credit of the income Summary of $ 68,000 and the expenses are closed to the debit of the Income Summary of $ 45,000. This leaves a credit balance of $ 23,000 in the income summary account which is closed by debiting the income summary account and crediting the retained earnings account.
Since the revenue exceeded the expenses, the result ia a profir which should increase the retained earnings account, which would be the case by a credit to the retained earnings account.
