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Charra [1.4K]
3 years ago
6

On June 30, 2009, Apricot Co. paid $5,000 cash for management services to be performed over a two-year period. Apricot follows a

policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on December 31, 2009 for Apricot would include:
Business
1 answer:
Nikolay [14]3 years ago
7 0

Answer:

A debit to Management Services Expense for $1,250.

Explanation:

The adjusting entry for apricot would include that

There is a debit to the  Management Services Expense for

= $5,000 ÷ 2 years × 6 months ÷ 12 months

= $1,250

Hence, the adjusting entry for apricot would include a debit to the  Management Services Expense for $1,250

The same should be considered and relevant

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The total medical expenses deductible before the​ 10% limitation is 2090

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Solution

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3. Which is the correct order for making financial decisions? A) put goals in writing, rethink goals if necessary, have a plan o
Mekhanik [1.2K]

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B

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Suppose that real GDP is currently ​$13.55 trillion and potential real GDP is​ $14.0 trillion, or a gap of ​$500500 billion. The
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Answer:

$100 billion

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