1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Naily [24]
3 years ago
15

Javier computer services began operations in July 2017. At the end of the company prepares monthly financial statements. It has

the following information for the month.
a. At July 31, the company owed employees $1,800 in salaries that the company will pay in August.
b. On July 1, the company borrowed $40,000 from a local bank on a 10-year note. The annual interest rate is 12%.
c. Service revenue unrecorded in July totaled $3,000.

Required:
Prepare the adjusting entries needed at July 31, 2017.
Business
1 answer:
defon3 years ago
5 0

Answer and Explanation:

The adjusting entries are shown below:

a. Salaries expense Dr $1,400

        To Salaries payable $1,400

(being salaries expense is recorded)

b. Interest expense ($40,000 × 12% × 1 ÷12) $400

     To interest payable $400

(being interest expense is recorded)

c. Account receivable Dr $3,000

         To Service revenue $3,000

(being revenue is recorded)

These 3 entries should be recorded

You might be interested in
Last winter, a guest at a nearby motel fell through the ice and was not rescued in time. the motel's name was included in news c
Hitman42 [59]
Any more info about who Dave and Betty are? Any answer choices?
6 0
3 years ago
Read 2 more answers
A player in a game theoretic model is: a. anyone working for a firm that is operating strategically b. a firm that is operating
nadezda [96]

Answer:  c. a decision-making entity at a firm involved in a strategic game

Explanation:

In a theoretical game, there are two players that have to embark on different strategies such that they make the maximum payoff. This maximum payoff strategy is known as the dominant strategy.

These two players are the decision making entities in the firms that are competing in the game because they are the ones that decide how the firm should react and what strategy to use. For instance, the owners of the two bakeries down the street are the players because they control what either bakery will do.

3 0
3 years ago
John Peterson purchased a bond at a price far below its face value; it that makes no interest payments and will be redeemed at i
nadezda [96]

Answer:

zero-coupon

Explanation:

According to my experience with different investment assets, I can say that based on the information provided within the question he purchased a zero-coupon bond. This is an bond asset that the individual may redeem at the time of maturity for the same price that he purchased the bond. Just like mentioned in the question.

If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
the​ risk-free rate is 3​% and you believe that the​ S&P 500's excess return will be 10​% over the next year. If you invest
horrorfan [7]

Answer:

The expected excess return will be 11.4%

Explanation:

The S&P 500's excess return is the market return (rM). Using the CAPM model or the SML approach, we can calculate the required/expected rate of return on the stock we are investing in.

The expected rate of return is,

r = rRF + β * (rM - rRF)

Thus, return on the invested stock will be:

r = 0.03 + 1.2 * (0.1 - 0.03)

r = 0.114 or 11.4%

7 0
3 years ago
Sam believes in rewarding his employees for their hard work. he is acting as a when he processes their merit raises promptly on
masha68 [24]

Answer:

c) leadership is first and foremost about establishing a personal bond with employees

Explanation:

Sam believes in rewarding his employees for their hard work. he is acting as a  _______ when he processes their merit raises promptly on their hire date anniversaries.

As a manager seeks to develop her leadership skills, she should be aware that:

a) there is one best leadership style to which all managers should aspire

b) leadership is primarily about personal efficiency

c) leadership is first and foremost about establishing a personal bond with employees

d) many different styles of leadership can be effective

Sam is acting as a manager when he processes their merit raises promptly on their hire date anniversaries. Leadership is the ability for an individual  to direct or guide other individuals, teams, or entire organizations. Leadership in an organization is directing employees to accomplish a goal or meet the company need.

A leader should be able to communicate effectively with his/her team, be honest and have integrity and also build good relationship among client, team members and the community at large. The first thing a leader must do is establishing a personal bond with employees.

7 0
3 years ago
Other questions:
  • Society suffers a deadweight loss in a pure-monopoly market because
    7·1 answer
  • Your firm is a supplier to a major chain of discount stores. you have heard rumors that this chain of discount stores is in fina
    14·2 answers
  • _________ memos state policies or procedures the writer wishes the reader to follow.
    9·1 answer
  • The strategy that outlines how, when, and where a product will be made available to consumers is referred to as a
    9·2 answers
  • Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine
    9·1 answer
  • A polisher costs $10,000 and will cost $20,000 a year to operate and maintain. If the discount rate is 10 percent and the polish
    9·1 answer
  • Which of the three factors of production do you think is most important to economic success? Why?
    14·1 answer
  • Current news and politics is full of concern about the environment, particularly as it is related to oil use and the auto indust
    13·1 answer
  • Suppose Will gives his wallet containing $100 to Alex to hold while he works out. During Will’s workout, Alex uses the $100 to p
    6·1 answer
  • A relevant cost ______. Multiple select question. differs between alternatives is always an opportunity cost pertains to the fut
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!