The three steps to follow when organizing your notes to create a study guide are c<span>omparing notes, rewriting notes, synthesizing notes.
First of all, the best thing would be to take all of your notes (and perhaps those from your colleagues) and compare them to see if you missed something. Then, it is advisable to rewrite them so that everything is neat and organized, and easier to study from there. In the end, you synthesize all notes you and your colleagues wrote to create the ultimate notes.
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Answer: $690
Explanation:
The 2018 year- end adjusted balance of Salaries Payable will be calculated as:
= January 1, 2018 balance + Adjustment on December 31, 2018
= $0 + $690
= $690
Note: Salaries accrued at December 31, 2018 will be:
= (Number of days from December 29 - 31) × Salary per day
= 3 × $230
= $690
Therefore, the balance on salaries payable is $690
Answer:
b. <em> </em>Additional paid-in capital is decreased
Explanation:
The entry to record acquisition and retirement is:
Debit Credit
Common stock $1
Paid-in capital—excess of par $34
<em> Paid-in capital—share repurchase $5</em>
Cash $30
<em>Conclusion: </em>Additional paid-in capital is decreased.
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