Answer:
Depreciation expense $2,000
To Accumulated depreciation - equipment $2,000
(Being the depreciation expense is recorded)
Explanation:
The journal entry is shown below:
Depreciation expense $2,000
To Accumulated depreciation - equipment $2,000
(Being the depreciation expense is recorded)
For recording this we debited the depreciation expense as it increased the expenses and credited the accumulated depreciation as it reduced the value of the fixed assets. This both items should be recorded for $2,000
The Vocational Rehabilitation Act of 1973 requires that executive agencies and subcontractors and contractors of the federal government receiving more than $2,500 a year from the government engage in affirmative action for disabled individuals.
<h3><u>
Explanation:</u></h3>
The law that grants the states for the independent living, vocational rehabilitation services, client assistance and supported employment is The Rehabilitation Act of 1973. There are lot of programs that receives federal financial assistance and are held by many federal agencies. The main aim of this act is to eliminate the discrimination that prevails based on disability.
The Rehabilitation Act has Section 501 which mainly focus on the prohibition of discrimination that exists in employees and job applicants mainly on the basis of disability. This also makes the agencies to be engaged in affirmative action for individuals who has disabilities. They are providing them $2,500 a year for engaging with these activities.
Answer:
1.Jan 01 Dr Cash 360,000
Cr Notes payable 340,000
2.Interest expense 28,800
Principal Reduction 61,364
Explanation:
MM Co.
1 . Journal entry
Since MM Co. borrows $360,000 cash on January 1 from a bank this means we have to
Debit Cash with the amounts of money he borrowed which is $360,000 and Credit Notes Payable with the same amount.
Jan 01 Dr Cash 360,000
Cr Notes payable 340,000
2. Calculation of the amount goes toward interest expense and Principal reduction
Interest expense 28,800
(360,000*8%)
Principal Reduction 61,364
(90,164-28,800)
Answer:
You should make sure you are putting money into it every week, month, or year.
Explanation:
You must make sure you have enough money in the account so if you have some kind of an injury, or you want to buy something that costs lots of money such as a car, or a house, you want to make sure enough money is going into that account.
Typing resources allows managers to make better resource ordering decisions by describing the size, capability, and staffing qualifications of a specific resource.
