Answer and Explanation:
The adjusting entry made on Tuesday is as follows
Salaries expense Dr $120 ($300 × 2 days ÷ 5 days)
To Salaries payable $120
(Being the salaries expense is recorded)
here the salaries expense is debited as it increased the expenses and salaries payable is credited as it also increased the liabilities.
Answer: d. Pen and pencils.
Explanation:
Cross-price elasticity measures the degree of responsiveness of the demand for a certain good towards the change in the price of a related good. Percentage is used to measure cross-price elasticity.
In case of two goods like pens and pencils, cross price elasticity is positive. That is, if the price of a pen increases, it will lead to an increase in the demand for pencils. The propertional change in price of pens give a positive relative change in the demand for pencils.
Answer:
<h3>there are<em>
<u> eight </u></em>branches in accounting:</h3>
1. forensic accounting
2. financial accounting
3. cost accounting
4. managerial accounting
5. fiduciary accounting
6. accounting information systems
7. tax accounting
8. Auditing
The type of <span>entity that they created if they have no personal liability for the firm's debts would be: Corporation
In case of bankruptcy, a corporation must sell all of its assets to pay up the debt. But after all assets are liquidated, the debtor couldn't seek the payment further to the corporation's owner and have to accept the residual debt as a loss.</span>
Answer: $82,500
Explanation:
Saleh's salary for fiscal year ending September 30 = $330,000
Salary that should be paid between October 1 - December 31, if the corporation is to continue to use it's fiscal year without negative tax effect.
To avoid negative tax effect, the Saleh's salary should be atleast equal to the amount being given for the fiscal year which ended in September 30.
October 1 - December 31 = 3 months
Saleh's monthly salary = total slary during fiscal year ÷ 12
$330,000 ÷ 12 = $27,500
October 1 - December 31 = $27500 * 3 = $82,500
