Answer:
When a company makes an end-of-year adjusting entry which includes a debit to Supplies Expense to account for supplies used during the period, which account is credited? The answer would be deferred asset amortization adjustment
Explanation:
The first step to take when completing the accounting procedures at the end of the year for a small business is to account for any necessary financial adjustments. Throughout the year, revenues are collected and expenses are deducted. However, the amount of certain financial transactions may differ from the moment they were made. Adjustments also have to be made for paid accounts. If the interest has been paid in monies held in a corporate savings account, it must be added to the ledger. Alternatively, if interest has been charged on credit card purchases, these transactions also have to be entered in the spreadsheet.
Deferred asset depreciation is not subject to the useful life of the concept, but will generally be amortized as assets are consumed or spent, then the depreciation can be done a few months or in several years, depending on the reality of each company and of each cost or expense.
However, as regards deferred charges, the standard has considered some guidelines to consider when paying off
Answer:
the physical parts of a computer are called hardware
hope this helps
Answer: your question is not complete, its lacking the monthly payments. However, i guess your first option (option A) should be monthly payment since you write 2 options at D.
By using $1,200 as the monthly payment, the answer to the question is $164,402 which is your D
Your potential market includes the demographic groups that are not currently your customers but could become customers in the future.
Damage to the parked car is $5,400. Damage to the store is $12,650. Total damage is calculated as follows :
Total damage = damage to the car + damage to the store Substitute the values in the formula :
Total damage = $5,400 + $12,650 = $18,050. Total damage is $18,050.
The insurance company will cover a maximum of $15,000. The remaining amount of the damage has to be paid by Kurt. The remaining amount is calculated as :
Amount paid by Kurt = Total damage – amount paid by insurance company
Substitute the values in the formula :
Amount paid by Kurt = $18,050 - $15,000 = $3,050
Therefore, he will have to pay the remaining $3,050
