<u>Solution and Explanation:</u>
The Journal Entries in the books of Brock's water enterprise is as follows :-
Date Particulars and details Debit($) Credit($)
Jan 5, 2018 Intangible Assets - Lease 905861
Lease Payable 905861
(Being Record the Lease)
Jan 5, 2018 Lease Payable 125000
Cash 125000
(Being Record Down Payment)
Dec 31, 2018 Amortization Expenses ($905861divide 10) 90586
Accumulated Amortization 90586
(Being Record the amortization)
Jan 5, 2019 Lease Payable
62531
Interest Expenses
62469
Cash 125000
(Being Record the Second Lease Payment)
Out of sheer process of elimination , my best guess would be
A. machines allow the same number of workers to check more products
Answer:
Unearned Fees A/c Dr. $8,370;
Fees Earned A/c Cr. , $8,370.
Explanation:
The amount of $33,480 paid is for 36 months. Subscription per months will be $33,480 divided by 36 months
=$33,480 / 12
=$930
The subscription was paid on April 1st. Between April 1st and December 31st, there were 9 months.
The subscriptions for that year will be
= $930 x 9
=$8,370
The journal entries will be as follow
Unearned Fees A/c Dr. $8,370;
Fees Earned A/c Cr. , $8,370.
January and February are the 2 worst months to make a large profit by selling french fries. The most sold are during September and November. These months are much warmer than January and February.