Answer:
well... read between linesssss
Explanation:
Answer:
In this case, the amount of $20,000 represents the owner's equity.
Explanation:
Assets:
Assets are the items that are own by a business. Examples of assets are inventory, machinery, company owned vehicles etc.
Liabilities:
Liabilities are the items a business owes to others. Examples of liabilities are bank dept, taxes, mortgage debt etc.
Equity:
Owner's equity is also known as net assets refer to the owner share of assets when the liabilities are paid off.
The relation between Assets, liabilities and owner equity are represented in a equation as:
Assets = Liabilities + Owner Equity
Answer:
The correct answer is <em>must often target those who are apathetic about or strongly opposed to receiving their services.
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Explanation:
A nonprofit organization is formed for the public good. Nonprofit organizations are usually formed for religious, charitable or educational purposes.
Instead, for-profit organizations can be formed to carry out a variety of legal businesses. The main reason for forming a profit organization is to make profits for the owners of the company.
The Issue and retirement of stock, Profits of $12,805 and Dividend payment of $6,489 causes the change in equity
Basically, in accounting, the primary cause for increase in stockholders' equity is increase in retained earnings.
- However, there are other factors that contributes to the change in shareholder's equity.
In conclusion, the Issue and retirement of stock, Profits of $12,805 and Dividend payment of $6,489 causes the change in equity
The missing options includes <em>"A bond issue of$1,377. Issue and retirement of stock . Profits of $12,805
. A change of plant and equipment of$9,580. Plant Improvements of $9,580 A change in short term debt of-$4,478. Depreciation of -$41,287 Dividend payment of$6,489. A change in cash of $481. An accounts payable change of$1,546. Change in inventory of-$3,472."</em>
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<em>brainly.com/question/14032844</em>
Answer:
Debit Credit
Work in process inventory $15,000
Manufacturing overhead clearing account $15,000
Explanation:
First determine the amount of applied overhead which can be calculated as follows
Applied overhead=Rate per machine hour*number of hours
Applied overhead=$5*3,000=$15,000
The journal entry for the applied overhead shall be made as follow
Debit Credit
Work in process inventory $15,000
Manufacturing overheads clearing account $15,000
