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crimeas [40]
3 years ago
11

Oct. 1 Stockholders invest $30,740 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an an

nual salary of $38,880. 3 Buys office furniture for $3,630, on account. 6 Sells a house and lot for E. C. Roads; commissions due from Roads, $12,010 (not paid by Roads at this time). 10 Receives cash of $135 as commission for acting as rental agent renting an apartment. 27 Pays $620 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $3,240 in salary for October.Prepare the debit-credit analysis for each transaction.
Business
1 answer:
attashe74 [19]3 years ago
6 0

Answer:

cash 30,740 debit (+A)

 common stock 30,740 credit (+SE)

no entry- no effect

furniture 3,630 debit (+A)

   account payable 3,630 credit (+L)

Account receivables 12,010 debit (+A)

     commissions revenue   12,010 credit (+R)

cash          135 debit (+A)

        commissions revenue    135  credit (+R)

Accounts payable   620 debit (-L)

       cash                         620 credit (-A)

salaries expense 3,240 debit (+Ex)

         cash              3,240 credit (-A)

Explanation:

<u><em>Expanded Accounting equation:</em></u>

Assets + Expenses   = Liabilities + Revenues + Stockholder equity

The left side will increase from debit and decrease from credit

While the right side of the equation increase from credit and decease from debit

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Answer:

cut back the expansion of labor as a trade off between higher salaries but fewer workers.

Explanation:

If the employer believes that he is paying above average wages, he will try to reduce labor costs. Since unions are specially good in preventing massive layoffs, the other alternative left for the employer is to not hire new employees, or reduce the number of new employees that he expected to hire.

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Which of the following would be entitled to unemployment compensation? a. Jan, who quit her job to attend school full time. b. J
stira [4]

Answer:

B. Jack, who was fired for being tardy for work too often.

Explanation:

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From the Question, Individual from answer A, C and D did not lost their job but rather resign intentionally, they are not qualify to have access to Unemployment compensation, although another class of compensation may be arrange to cater for their joblessness by the state.

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3 years ago
What is B2B marketing?
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3 years ago
The Chief Financial Officer of Five Star Food Distributors has asked you to evaluate the building of a new warehouse. As an astu
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The answer is<u> "net present value".</u>


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Answer:

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Explanation:

Giving the following information:

Cost per Unit Cost per Period:

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Direct labor $ 2.80

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