Answer:
On Jan 31
Vacation pay expense Dr $8,900
To vacation payable $8,900
(Being the vacation expense is recorded)
Explanation:
The journal entry is as follows
On Jan 31
Vacation pay expense Dr $8,900
To vacation payable $8,900
(Being the vacation expense is recorded)
The computation is shown below:
= Estimated amount of the current year's vacation pay ÷ total number of months in a year
= $106,800 ÷ 12 months
= $8,900
For recording this transaction we debited the vacation expense as it increased the expenses while at the same time it also increased the liabilities so the vacation payable is credited
Answer:
The correct answer is Transparency.
Explanation:
Within the scope of ethical values, Transparency is known as the capacity that a human being has for others to clearly understand their motivations, intentions and objectives. Similarly, Transparency focuses on carrying out practices and methods available to the public, without having anything to hide.
Answer:
$15,000
Explanation:
This can be calculated as follows:
Details Amount ($)
Increase in short-term notes payable 19,000
Decrease in long-term bonds payable <u> (4,000) </u>
Net cash flow from Financing Activities <u> 15,000 </u>
Therefor, net cash flow from Financing Activities $15,000.
There are punishment for any offense. Selling alcohol to an intoxicated person is a misdemeanor offense and punishable by a maximum fine of $500 and sometimes about a year in jail.
- But sometimes, the effect often extend more than just criminal charges. The establishment or person that sold the alcohol could be given a fined or have their liquor license to be suspended.
<h3>What is the penalty for selling alcohol without a License?</h3>
One cannot sell alcohol without having the legal license or permit to do so.
There is a fines or jail time if a person sell alcohol without having authorization and one should not be selling/providing/delivering alcoholic beverages to an intoxicated person.
Learn more about maximum fine from
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