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1 answer:
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Following are the general entry to the given question:
For Question 1:
Date Account Titles and Explanation Dr Cr
31-Jan-2024 Revenue Service $17,500
Summary of Income $17,500
(Finishing the revenue account)
31-Jan-2024 Summary of Income $7,100
Expense of Salary $3,600
Expense on rent $1,800
Expense of Depreciation - equipment $300
Expense on Supplies $400
Expense on Utilities $1,000
(To close the expenditure account)
31-Jan-2024 Summary of Income $10,400
Retained Earnings $10,400
(To bring net income into line with retained profits)
31-Jan-2024 Retained Earnings $1,000
Dividend $1,000
(To close net dividend to retained earnings)
For Question 2:
A net income of $10,400 is generated. They may compute it by subtracting total expenses from the entire revenue.
Total Revenue= $17,500
Total Expenses=$7,100
- Please find the complete question in the attachment file.
Learn more:
Number lines are used to represent points at regular interval.
The coordinate of point T on the number line is: 46.5
Given that:
The coordinate of X at the midpoint is:
So, we have:
Point T is at 2/3 from X to B.
The coordinate of T is calculated using:
So, we have:
<em>Hence, T is located at 46.5</em>
Read more about number lines at: