Answer:
See explanation below
Explanation:
The following will be selected in excel via the drop-down menus.
Dr; Account name = Bad debt expense/Dad debt written off $ 1200
Cr; Account name = Accounts Receivable $ 1200
The company uses the direct write-off method thus these will be the journal entries.
She is not being proactive and waking up early enough to get on the bus
Answer:
ɴᴏ ᴘɪᴄ sᴏʀʀʏ :(( ʙʏᴇ :)))
Answer:
a) Increase asset (Cash): Increase equity (Service Revenue) - GUIDE
b) Decrease equity (Salaries): Decrease asset (Cash)
c) Increase asset (Cash): Increase equity (Capital)
d) Increase asset (Receivable Accounts): Increase equity (Service Revenue)
e) Decrease equity (Utility): Increased liabilities (Others payable accounts)
f) Decrease equity (Capital): Decrease assets (Cash)
Explanation:
Accounting Equation Formula
:
Assets = Liabilities + Equity
According to the formula transactions must be recorded as follows:
<em>DEBIT:</em> Asset increases, Liabilities decreases, and Equity decrease.
<em>CREDIT:</em> Asset decreases, Liabilities increases, and Equity increase.
Answer:
Jan's Bakery and Tina Cookies
Total Average Cost for the merged firm
= ($300,000 + $75,000)/2
= $187,500
Explanation:
The total average cost for Jan's Bakery and Tina's Cookies is the average of their total operating costs. This is obtained by adding $300,000 to $75,000 and then dividing by 2.
Though, in practical terms, the presence of some synergies will cut some of the operating costs off, especially such costs as rent, advertising, and some other administrative costs. Some selling costs will also be eliminated when the merger goes through.
