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GrogVix [38]
3 years ago
10

The May transactions of Whispering Winds Corp. were as follows. May 4 Paid $690 due for supplies previously purchased on account

. 7 Performed advisory services on account for $6,690. 8 Purchased supplies for $830 on account. 9 Purchased equipment for $1,620 in cash. 17 Paid employees $520 in cash. 22 Received bill for equipment repairs of $870. 29 Paid $1,230 for 12 months of insurance policy. Coverage begins June 1.
Journalize the transactions. (If no entry is required, select "No Entry for the account titles and enter o for the amounts. Credit Indented when amount is entered. Do not indent manually. Record Journal entries in the order presented in the problem.)
Date Account Titles and Explanation Debit Credit
Business
1 answer:
Norma-Jean [14]3 years ago
8 0

Answer and Explanation:

The journal entries are given below:

On May 4

Accounts Payable $690  

        To Cash  $690

(Being cash paid is recorded)

On May 7

Accounts receivables $6,690  

         To Service revenue $6,690

(Being service revenue is recorded)

On May 8

Supplies $830  

      To Accounts Payable $830

(Being supplies purchased on account)

On May 9

Equipment $1,620  

        To Cash  $1,620

(Being cash paid is recorded)

On May 17

Salaries expense $520  

        To Cash  $520

(Being cash paid is recorded)

On May 22

Repair expense  $870  

     To Accounts payable $870

(Being repair expense is recorded)

On May 29

Prepaid Insurance $1,230  

       To Cash   $1,230

(being cash paid is recorded)

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NemiM [27]

Answer:

This is false.

Explanation:

The statement in the question interchange the meanings of the two terms. The correct definitions are therefore given as follows:

Libel is can be described as a written or published false statement about another person that damages their reputation unjustly.

Slander refers a spoken false statement about another person that damages their reputation unjustly.

Based on the definitions above, the statement in the question can be correctly rewritten as follows:

Slander is a defamatory or hurtful remark told about someone to others, and libel is when this remark or comment is broadcast over the TV, radio, printed in a publication, or forwarded to others on the Internet.

5 0
2 years ago
16. The cost of land can include: A. Purchase price B. Assessments by local governments C. Costs of removing existing buildings
NeTakaya

Answer:

E. All of the above

Explanation:

The cost of the land could be computed by adding the purchase price of the land, its assessment done by the local governments, removing cost of the existing buildings, insuring fees for the title

Therefore as per the given situation, it includes all the things mentioned in the question

Therefore the correct option is E

hence, the same is to be considered

3 0
2 years ago
Sub Sandwiches of America made the following expenditures related to its restaurant.
galina1969 [7]

Answer:

1. Heating Equipment

2. Premises

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6. Premises

Explanation:

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2. The project is capitalized to the Premises Account as it form part of premises.

3. Annual Building maintenance is a revenue expenditure not capitalized.

4. An Asset Insurance Prepaid for future economic benefits to be realized is recognized.

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In this sales case, the grantors tax will be based on the selling price.

<h3>What is a grantors tax?</h3>

This refers to tax that is applied on the transfer on ownership such as on sales of property, house etc.

Here, the the grantors tax will be based on the selling price even though it is customary for the seller to pay the grantors tax.

Therefore, the selling price is correct.

Read more about tax

<em>brainly.com/question/26316390</em>

#SPJ1

3 0
2 years ago
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I highly think it's
D, as it there are CCTV for security purposes
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I hope I was a help a bit
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