Answer:
B. Refunds Payable 1,000 Accounts Receivable 1000
Explanation:
Since the given transactions made on credit basis, so there is no role of cash.
Hence, no cash entry would be recorded
Moreover, the sales allowance is granted for $1,000 which reduce the account receive balance so we credited this account and the goods are damaged so we debited the refund payable account
Hence, the entry would be
Refunds Payable $1,000
Accounts Receivable $1,000
(Being the sales allowance is recorded)
I am really not sure but i will be honest with you i would have to say yes he will make it but if he don't he could always ask for a raise to make his goal
Answer:
1) Debit Prepaid insurance, Credit Bank
2) Debit wages, credit Bank
3) Debit Supplies Account , Credit Accounts payable
4) Debit Utility account credit Accounts payable
Explanation:
The Question requires that for each of the transaction identify account to be debited and account to be credit.
clear transactions end at the 4th transaction. After the 4th its just terms and accounts
Answer:
Providing leadership in critical times:
b. Hold meetings with employees, volunteers, and representatives of other local shelters and listen carefully as they brainstorm ideas.
c. Honestly acknowledge the challenges the organization faces while also communicating optimism about finding the resources to fulfill your mission.
Explanation:
A leader assumes responsibility for clear communication with all stakeholders and must be forthcoming with necessary information. She must also be transparent and innovative. A leader collaborates with her team to find better solutions to challenges facing the organization. A good leader is a good negotiator and must remain optimistic amid the challenges of life.
Answer:
A web streaming company fulfills a 12-month service term paid by customers in advance.
Explanation:
Revenue is recognized from services rendered or goods delivered. It is recognized only when the risk and reward is transferred, further it relates to the normal business of company.
As in the first sentence the company makes scientific devices and it sales an agricultural land, that is sale of fixed asset.
In second case the pharmaceutical company receives donation which is anonymous.
All the things are not revenue for company.
It is only the web streaming company which shall recognize revenue as the services are rendered and revenue shall be recognized related to normal business of company.
