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igomit [66]
3 years ago
6

For each of the following transactions, select the account to be debited and the account to be credited in the general journal.

Business
1 answer:
noname [10]3 years ago
5 0

Answer:

a. Dr Cash

Cr Capital

b. Dr Cash

Cr Rent

c. Dr Office supplies

Cr Accounts Payable

d. Dr Cash

Cr Accounts Receiveble

e. Dr Cash

Cr Accounts Receiveble

f. Dr Accounts Receiveble

Cr Services

g. Dr Cash

Cr Accounts Receiveble

Explanation:

Based on the information given the account to be debited and the account to be credited in the general journal will be:

a. Dr Cash

Cr Capital

b. Dr Cash

Cr Rent

c. Dr Office supplies

Cr Accounts Payable

d. Dr Cash

Cr Accounts Receiveble

e. Dr Cash

Cr Accounts Receiveble

f. Dr Accounts Receiveble

Cr Services

g. Dr Cash

Cr Accounts Receiveble

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Angela, a manager at Exuberance Inc., believes in giving special attention to the needs of employees, creating learning opportun
Charra [1.4K]

Answer:

Option C                      

Explanation:

Idealized power involves attitudes that give followers confidence in becoming identified with the leader—often connoted and confused with charisma. This means that a ruler for the common good of the party would go beyond their own self-interest, and undertake individual compromises for the advantage of others.

Idealized influence can be improved by managers by personalizing their management style, that is, give individual attention to all their subordinates regarding their problems.  

3 0
3 years ago
Manufacturer's Inc. estimates that its interest charges for this year will be $700 and that its net income will be $3,000. Assum
just olya [345]

Answer:

TIE = 4,985.71

Explanation:

TIE = \frac{EBIT}{interest \: expense}

net income / (1 - tax-rate) = Earnings before taxes

3,000 / 0.7 = 4,285.71

Earnigns before taxes + interest = EBIT (earnings before interest and taxes)

4,285.71 + 700 = 4,985.71

7 0
3 years ago
Assume that the weekly payroll of Hunter Hardware, Inc., is $1,000. The end of the year, December 31, falls on Tuesday. Hunter H
Andru [333]

Answer:

A. Dr Salaries Expense 400

Cr Salaries Payable 400

Explanation:

The adjusting Journal entry that Hunter Hardware make on Tuesday, December 31 will be: Dr Salaries Expense 400

Cr Salaries Payable 400

Calculated as:

First step is to calculate the Accrued salary

Using this formula

Accrued salary=Weekly payroll / 5 days*Number of days for which salary were not paid

Let plug in the formula

Accrued salary = $1,000/5 days*2days

Accrued salary= $200 x 2 days

Accrued salary= $400

Therefore the adjusting Journal entry that Hunter Hardware make on Tuesday, December 31 will be to Debit Salaries Expense 400 and

Credit Salaries Payable 400

6 0
3 years ago
Corporation includes $200,000 of $1 par common stock and $400,000 par of 6% cumulative preferred stock. The board of directors o
vlabodo [156]

Answer:

The amount of dividends paid to common stockholders in 2021 $18000.

Explanation:

The cumulative preferred stock is the stock that accumulates dividends when the dividends are partially or not paid at all in a certain year. The dividends must be paid in the future.

The common stock holders are paid after the preferred stockholders are paid.

The preferred stock dividend per year = 400000 * 0.06 = $24000 per year

As the cash dividends paid in 2019 and 2020 are $20000 each,

The dividend outstanding on preferred stocks for 2019 is = 24000 - 20000 = $4000

Similarly, the dividends outstanding on preferred stocks for 2020 is = 24000 - 20000 = $4000

The total dividends outstanding at start of 2021 = 4000 + 4000 = $8000

Preferred dividend for 2021 = 24000

Total dividend on preferred stock = 24000 + 8000 = $32000

The amount of dividends that common stock holders will receive in 2021 = 50000 - 32000 = $18000

4 0
3 years ago
A practitioner may perform an agreed-upon procedures engagement on prospective financial statements provided that which of the f
Marat540 [252]

Answer:

Option b is correct

Explanation:

The requirement of this service is to be independently derived because the procedures vary according to needs of the parties involved in the agreement.

6 0
3 years ago
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