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2 years ago

Preparing Adjusting Entries, Financial Statements, and Closing Entries

Business

1 answer:

strojnjashka [21]2 years ago

3 0

Answer:

1. Cash (Dr.) $145,850

Sales (Cr.) $145,850

2. Purchases (Dr.) $76,200

Accounts Payable (Cr.) $76,200

3. Accounts Payable (Dr.) $4,100

Cash (Cr.) $4,100

4. Prepaid Rent (Dr.) $24,000

Cash (Cr.) $24,000

5. Wages Expense (Dr.) $12,500

Cash (Cr.) $12,500

Wages Expense (Dr.) $350

Wages Payable (Cr.) $350

6. Depreciation Expense (Dr.) $1,700

Accumulated Depreciation (Cr.) $1,700

Explanation:

Journal entries are recorded for the business transactions. These transaction incurred in the business are recorded in the books of accounts. These journal entries then create Ledger and Trial balance.

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The nurse in a maternity unit is providing emotional support to a client and her significant other who are preparing to be disch

Setler79 [48]

Answer: It might be "We want to attend a support group."

Explanation:

A support group can help the parents work through their pain by nonjudgmental sharing of feelings. The correct option identifies a statement that would indicate positive, normal grieving.

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3 years ago

Many online stream services allow customers to use their service of limited for 30 days. This strategy tries to increase the dif

Vadim26 [7]

Answer:

trialability

Explanation:

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2 years ago

Rayya company purchases a machine for $105000 on january 1, 2019. Straight-line depreciation is taken each year for four years a

klio [65]

Answer:

Journal entry For Depreciation

Date Account and explanation Debit Credit

July 1 Depreciation expense $7,500

(105000/7)*6/12

Accumulated depreciation-Machine $7,500

(To record Depreciation)

1) Journal entry

Date Account and explanation Debit Credit

July 1 Cash $45,500

Accumulated depreciation-Machine $67,500

Machine $105,000

Gain on Sale of Machine $8,000

(To record sale of Machine)

2) Journal entry

Date Account and explanation Debit Credit

July 1 Cash $25,000

Accumulated depreciation-Machine $67,500

(105000/7*4.5)

Loss on sale of machine $12,500

Machine $105,000

(To record sale of Machine)

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2 years ago

can frictional unemployment by itself explain the fact that the late 2010s saw more job openings than unemployed workers

neonofarm [45]

Answer:

Frictional unemployment cannot by itself explain the fact that the late 2010s saw more job openings than unemployed workers.

Instead, frictional unemployment points to the fact that some people are unemployed because they are just entering the labor market for the first time after a long period of absence.

Explanation:

As a part of natural unemployment, frictional unemployment arises when workers search for new jobs or transition from one job to another. During economic recession, there is no increase in frictional unemployment. Typical examples of frictional unemployment are caused by graduating students who join the labor force and are unemployed until they find work and parents who rejoin the workforce after taking sometime to stay at home and raise their children.

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2 years ago

No two human resource departments have precisely the same roles and responsibilities. T/F

inn [45]

Answer:

true

Explanation:

Hey, as much as I remember, this is true. each department has their own responsibilities and roles.

good luck!

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3 years ago