I am the age 17 and I am A)Single
maximum amount that a consumer is willing to pay for the slice.
Answer:
31 Dec
Dr Perez capital 1300
Cr Cash 1300
31 Dec
Dr Perez Capital 1300
Dr Lopez Capital 315
Dr Cruz Capital 135
Cr Cash 1750
31 Dec
Dr Perez Capital 1300
Dr Lopez Capital 385
Dr Cruz Capital 165
Cr Cash 750
Explanation:
31 Dec
Dr Perez capital 1300
Cr Cash 1300
31 Dec
Dr Perez Capital 1300
Dr Lopez Capital (1750-1300/10×7)315
Dr Cruz Capital (1750-1300/10×3) 135
Cr Cash 1750
31 Dec
Dr Perez Capital 1300
Dr Lopez Capital (1300-750/10×7)385
Dr Cruz Capital (1300-750/10×3) 165
Cr Cash 750
I choose true as my answer to this question. You have to keen and alert in business. Also it is a fast-paced world where you have to
do things fast and understand them fast.
People want things done on time and you have to know what to do at
once.
Answer:
1.
April 30
No entry required
This is because Cruz's attorney is certain it is remote that Cruz will lose this lawsuit.
June 30
DR Warranty Expense $14,400
CR Warranty Liability $14,400
Working = 360,000 * 4%
= $14,400
July 28
DR Warranty Liability $6,400
CR Cash $6,400
September 30
DR Lawsuit Loss A/c $150,000
CR Lawsuit Loss Liability $150,000
December 21
DR Warranty Expense $20,000
DR Warranty Liability $20,000
Workings ( Original question says 4%.)
= 4% * 500,000
= $20,000
2. Balance on Estimated Warranty Liability Account
June 30 14,400
July 28 (6,400) -
Dec 21 20,000 +
= $28,000 Credit
