All categories

2 years ago

Required information

Business

1 answer:

DaniilM [7]2 years ago

5 0

Answer:

Dr Employee benefits expenses 32,000

Cr Employee medical insurance payable 12,000

Cr Employee retirement program payable 20,000

Explanation:

Preparation for the December 31 entry for Marr

Dr Employee benefits expenses 32,000

(20,000+12,000)

Cr Employee medical insurance payable 12,000

Cr Employee retirement program payable 20,000

($200,000*10%)

(Being to record employee benefits expenses)

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Trial Balance September 30, 2022

Sergeeva-Olga [200]

Answer:

T- accounts:

Cash

Date Account Title Debit Credit

Oct. 1 Balance $23,640

Oct. 5 Accounts receivable 1,310

Oct. 15 Salaries $1,110

Oct. 17 Service Revenue 580

Oct. 20 Accounts Payable 1,830

Oct. 29 Dividend 250

Oct. 31 Utilities 420

Accounts Receivable

Date Account Title Debit Credit

Oct. 1 Balance $7,040

Oct. 5 Cash $1,310

Oct. 10 Service Revenue 5,410

Supplies

Date Account Title Debit Credit

Oct. 1 Balance $4,270

Equipment

Date Account Title Debit Credit

Oct. 1 Balance $10,170

Accounts Payable

Date Account Title Debit Credit

Oct. 1 Balance $9,240

Oct. 20 Cash 1,830

Unearned Service Revenue

Date Account Title Debit Credit

Oct. 1 Balance $3,270

Common Stock

Date Account Title Debit Credit

Oct. 1 Balance $19,440

Retained Earnings

Date Account Title Debit Credit

Oct. 1 Balance $13,170

Service Revenue

Date Account Title Debit Credit

Oct. 10 Accounts receivable $5,410

Oct. 17 Cash 580

Salaries Expense

Date Account Title Debit Credit

Oct. 15 Cash $1,110

Dividend

Date Account Title Debit Credit

Oct. 30 Cash $250

Utilities Expense

Date Account Title Debit Credit

Oct. 30 Cash $420

Explanation:

a) Data and Calculations:

Trial Balance September 30, 2022

Account Title Debit Credit

Cash $23,640

Accounts Receivable 7,040

Supplies 4,270

Equipment 10,170

Accounts Payable $9,240

Unearned Service Revenue 3,270

Common Stock 19,440

Retained Earnings 13,170

$45,120 $45,120

b) Journal Entries:

Oct. 5:

Debit Cash $1,310

Credit Accounts Receivable $1,310

To record cash receipts from customers.

Oct. 10:

Debit Accounts Receivable $5,410

Credit Service Revenue $5,410

To record service revenue.

Oct. 15:

Debit Salaries Expense $1,110

Credit Cash Account $1,110

To record payment of salaries.

Oct. 17:

Debit Cash Account $580

Credit Service Revenue $580

To record performance of services for cash.

Oct. 20:

Debit Accounts Payable $1,830

Credit Cash Account $1,830

To record the payment of cash on account

Oct. 29:

Debit Dividend $250

Credit Cash Account $250

To record the payment of cash dividend.

Oct. 31:

Debit Utilities $420

Credit Cash Account $420

To record the payment for Utilities.

8 0

3 years ago

Suppose an institution has purchased a $250,000 mortgage loan from the loan originator and wishes to create a mortgage pass-thro

Andre45 [30]

Answer: $1,177

Explanation:

First we calculate the Monthly service fee by the formula,

Monthly servicing fee = Monthly servicing fee rate * Outstanding loan balance,

The service fee is 35 basis points which translates to 0.35 % and is an annual figure so we will adjust it to a monthly one,

= (0.35%/12) * $250,000

= $72.92

To calculate amount that passes through to the mortgage pass we do,

Mortgage pass-through amount = Monthly mortgage payment - Monthly servicing fee

= $1,250 - $72.92

= $1,177.08,

= $1,177

$1,177 is the income that will pass through to the investor in the mortgage pass through each month

6 0

3 years ago

In order to make a resume persuasive and not self-centered omit the use of the word ____.

KengaRu [80]

In order to make a resume persuaisive and not self-centered omit the use of the word I,ME and My

so the answer is: D all of the above

7 0

3 years ago

Read 2 more answers

Data disposal laws require a. businesses to notify individuals who are affected by any incident that results in unauthorized acc

Darina [25.2K]

Answer:

b. businesses to destroy customer data and maintain reasonable security procedures to guard against theft.

Explanation:

A database management system (DBMS) can be defined as a collection of software applications that typically enables computer users to create, store, modify, retrieve and manage data or informations in a database. Generally, it allows computer users to efficiently retrieve and manage their data with an appropriate level of security.

A data dictionary can be defined as a centralized collection of information on a specific data such as attributes, names, fields and definitions that are being used in a computer database system.

In a data dictionary, data elements are combined into records, which are meaningful combinations of data elements that are included in data flows or retained in data stores.

This ultimately implies that, a data dictionary found in a computer database system typically contains the records about all the data elements (objects) such as data relationships with other elements, ownership, type, size, primary keys etc. This records are stored and communicated to other data when required or needed.

A law can be defined as the system of principles, regulations and rules established by legislature, that is adopted in a community, society or country to regulate the actions of its citizens, members or employees.

Thus, law is a tool used by the judiciary, lawyers, individuals, organizations, and even government to ensure everybody is well behaved, non-criminal and civil in their actions. Therefore, a law creates the foundation for ethical behavior and orderliness in a society.

Data disposal laws require businesses to destroy customer data and maintain reasonable security procedures to guard against theft. Thus, any customer data collected by a business firm should be protected securely and discarded when no longer in use.

4 0

2 years ago

A local pizzeria hires college students to make pizza, wait on tables, take phone orders, and deliver pizzas. For each situation

Colt1911 [192]

The demand for pizza increases because In this task, we need to explain whether the demand for student employees would increase, decrease or remain constant in different scenarios.

Demand for labor is the total demand for working hours (workers) that is derived from the demand of a firm's total output.

Cost of employees increases because the minimum wage rises

Therefore, when the minimum wage for student employees increases, the marginal cost of labor increases.

<u>Therefore, the </u><u>demand </u><u>for student employees would decrease.</u>

<h3>what is Demand ?</h3>

Demand refers to the consumer's desire to purchase a particular product or service.
Market demand is the demand for a particular good in the market.
Aggregate demand refers to the overall demand for goods and services in any economy.
The matching of supply and demand determines the price of goods or services, Understanding the concept of demand.
Demand is an economic concept that refers to consumers' desire to purchase goods and services and their willingness to pay a particular price for them.
The Law of Demand is an economic principle that consumer demand for a commodity increases when prices fall and decreases when prices rise.
The law of demand comes into play during Black Friday sales, when consumers rush to buy products at deep discounts.

to learn more about Demand from the given link :

brainly.com/question/14456267

#SPJ4

4 0

1 year ago