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ira [324]
3 years ago
9

4. Which of the following do not have to be repaid by the business?

Business
1 answer:
Katyanochek1 [597]3 years ago
5 0

Answer:

D

Explanation:

no interest loan to buy same thing

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Answer:

5-kb

Explanation:

that is all i know

3 0
3 years ago
Tony and Suzie are ready to expand Great Adventures even further in 2022. Tony believes that many groups in the community (for e
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If on Jan. 24 Great Adventures purchases outdoor gear such as ropes, helmets, harnesses, compasses, and other miscellaneous equipment for $6,000 cash. The adjusting entry for uncollectible accounts and the accrued interest revenue are:

a. The adjusting entry for uncollectible accounts are:

Jan. 24, 2022

Debit Equipment $6,000  

Credit Cash  $ 6,000

(To record purchase of equipment and other materials)  

Feb. 25

Debit Account Receivable $4,000  

Credit Service Revenue        $4,000

(To record service revenue on account)

Feb. 28

Debit Cash $3,840

($4,000-$160)

Debit  Cash Discount $160

(4%×$4,000)

Credit Account Receivable  $4,000

(To record cash receipt and discount)

 

Mar. 19

Debit Account Receivable $5,000  

Credit Service Revenue  $5,000

(To record service provided on account)

Mar. 27

Debit Cash $4,800

($5,000-$200)

Debit Cash Discount $200

(4%×$5,000)

Credit Account Receivable  $5,000

(To record cash receipt and discount allowed)

April 7

Debit Cash $8,500  

Credit Unearned Service Revenue  $8,500

(To record cash receipt for providing service in future)

 

April 14

Debit  Unearned Service Revenue $8,500  

Credit Service Revenue  $8,500

(To record unearned revenue being earned)

 

April 30

Debit Account Receivable $7,000  

Credit Service Revenue  $7,000

(To record service provided on account)  

May 31

Debit Note Receivable $7,000  

Credit Account Receivable $7,000

(To record a 3 months, 7% Note Receivable)

 

Jun. 15

Debit Account Receivable $29,000  

Credit Service Revenue $29,000

(To record service provided on account)  

b. The journal entries to record the accrued interest revenue are:  

Jun. 30

Debit Interest Receivable $40.83  

Interest Revenue  $40.83

($7,000×7%× 1/12)

(To record accrued interest for 1 month)  

Learn more here:

brainly.com/question/16940377

5 0
2 years ago
An isoquant is a curve that shows A. all the output levels that can be produced from a given set of inputs. B. all the combinati
Alenkasestr [34]

Answer:

The correct answer is (d)

Explanation:

There are two basic sides in the market, the consumers and the producers. In order to identify the combination of outputs that provide the same level of the utility indifference curve is used. On the other hand, in order to identify the combination of inputs which gives the same level of output is represented by isoquant. It represents a constant quantity of output

3 0
3 years ago
A federal unemployment tax is levied on
Leya [2.2K]

Any business with employees are subject to a payroll tax under the Federal Unemployment Tax Act (FUTA).

Payments of unemployment compensation to workers who have lost their jobs are made possible by the Federal Unemployment Tax Act (FUTA), which works with state unemployment systems. Most businesses are required to pay both federal and state unemployment taxes. Visit the U.S. Department of Labor's Contacts for State UI Tax Information and Assistance for a list of state unemployment tax agencies. FUTA tax is not taken out of an employee's paycheck; it is only paid by the employer.

Therefore, it is imposed on any business with employees

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#SPJ4

6 0
2 years ago
Walmart's implementation of RFID, a type of technology that allows it to improve inventory tracking, is an example of a(n) _____
Bess [88]

Answer:

Proactive

Explanation:

Proactive change is the change that occurs when an organisation makes different modifications to to a work place and methods.

Most organisations carry out proactive changes due to the following reasons:

1) Gaining entry into a new market.

2) Change in the normal business condition.

3) Acquiring operational capabilities.

Proactive changes helps to identify new innovation for the growth of the company, it also allows for flexibility and better internal understanding among employees.

5 0
3 years ago
Read 2 more answers
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