Answer:
Check the explanation
Explanation:
1. Record the journals as shone, below:
Date Accounts title & explanation Debit (S) Credit(S) 2016 Research and development expense 2,200,000 ` Cash 2,200,000
(To record the expense incurred
on research and development)
2017 Research and development expense 800,000 ` ` Software and development costs 400.000
Cash 1,200,000
(To record the sc&ware
development costs incanted)
kindly check the answer to the second question in the attached image below
Answer:
Even though the bureaucratic structure has received a lot of criticism, it has some advantages. Accountability, predictability, structure and job security are just a few to mention. Furthermore, a bureaucratic culture is based on impersonal relationships, discouraging favoritism
Answer:
Debit Petty Cash $250; credit Cash $250
Explanation:
Based on the information given we were told that the Company establishes the amount of $250 as a petty cash fund on September 1 which means that The journal entry to record the establishment of the fund on September 1 is:
Debit Petty Cash $250
Credit Cash $250