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]
2 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:
defon2 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
A market analyst is developing a regression model to predict monthly household expenditures on groceries as a function of family
Anna007 [38]

Answer and Explanation:

expenditures on groceries

4 0
3 years ago
In which of the following would cooperation be most likely to work in a repeated​ prisoners' dilemma​ game?
levacccp [35]

Answer:

Option C is correct.

<u> When the game will be repeated infinitely.</u>

Explanation:

The collaborations will undoubtedly work in a repeated​ prisoners' dilemma  game when the game will be rehashed infinitely.  

A rehashed detainees problem games alludes to a game technique wherein the game is either rehashed finitely or infinitely..  

The collaborations choose to work with boundlessly rehashed games by participating and embracing a socially ideal methodology.  

The principle point of cooperations is to expand their settlements in future and this is conceivable just through the selection of the interminably rehashed game system in which they need to co-work endlessly with different firms.  

As per this gaming procedure, if any of the Cooperation or firm digresses from the agreeable system, they will get decreased settlements in future.

8 0
3 years ago
Rosalina has recently been passed over for a promotion. This is the third time it has happened despite excellent performance rev
Brilliant_brown [7]

Answer:

the new York based artist is a good deal of a new kind and you will be the best way you have to be the best thing you need for the people

7 0
3 years ago
Which of the following is one symptom that might indicate a problem with your computer memory (RAM)?
sweet-ann [11.9K]

The correct answer is D

D- Randomly corruption files

Have a good day and good luck.

4 0
3 years ago
Read 2 more answers
Sanyu Sony started a new business and completed these transactions during December.
timurjin [86]

Answer:

Net income = $4,160

Ending Retained Earnings = $3,210

Total assets = $76,760

Total liabilities and equity = $76,760

Cash balance = $59,180

Explanation:

see the attached file below

Download docx
3 0
3 years ago
Other questions:
  • Marquis Company uses a weighted-average perpetual inventory system.
    15·1 answer
  • The invention and rapid diffusion of more productive agricultural techniques is called ________, that involves introduction of _
    15·1 answer
  • If Ben invests $3500 at 4% interest per year, how much additional money must he invest at 5 1 2 % annual interest to ensure that
    6·1 answer
  • You need to know more than just facts in order to use critical thinking skills.
    6·2 answers
  • As an importer of grain into Japan from the United States, you have agreed to pay $377,287 in 90 days after you receive your gra
    15·1 answer
  • Determine if the research is deductive or inductive: - If because of analysis of data collected, one infers that the problem of
    14·1 answer
  • If licensee A representing a party cannot attend a closing and the employing broker B sends another licensee C in his place, whi
    12·1 answer
  • Cagney and Lacey enter into a written contract to open "Tried and True," a store specializing in used guns recovered from murder
    8·1 answer
  • The flood account is set up as a chiasm. this means it is a _______________ story/account.
    5·1 answer
  • When faced with the option of beginning a new venture you should always select the time that results in the:______.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!