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3 years ago

Indicate the account being debited:

Business

1 answer:

kherson [118]3 years ago

3 0

Answer:

C.)M. Russo, Withdrawals

Explanation:

The drawing account is a contra account entry used to record and track the money withdrawn by owners for personal use. Drawing reduces the amount of cash( asset) available to the business.

Because cash -asset is reducing by 500, we credit cash by $500 and debit the drawing contra entry account by 500. M. Russo, Withdrawals is the debit account.

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Organizational ethics begins at the top, and the leadership and example of strong managers can help instill corporate values in

Nat2105 [25]

Answer:

Features of compliance- Based ethics codes

Ideal ⇒ Conform to outside standards

Compliance codes means that there are external standards that need to be complied with such as legal codes.

Objective ⇒ Avoid criminal misconduct

Going against these codes would be a criminal act if the codes are enforced by the government.

Leader ⇒ Lawyers

Lawyers enforce these codes through lawsuits as they fall under the legal realm.

Methods ⇒ Education, reduced employee discretion

To ensure these codes, employees should be educated on them to reduce instances of employee discretion.

Features of Integrity- Based ethics codes

Ideal ⇒ Conform to outside standards and chosen internal standards.

Company goes the extra mile of instituting their own standards in addition to outside standards.

Objective ⇒ Enable responsible employee conduct.

Goal is to ensure that employees act with integrity and responsibility.

Leader ⇒ Managers

As this is internal, it would be enforced by managers.

Methods ⇒ Accountability, decision processes, control.

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3 years ago

When you are valuing a stock, what must you be most careful about when performing your calculations?

inna [77]

When you are valuing a stock, proper research must be done on the company's anticipated future growth rate which must be most careful about when performing your calculations.

When the case of deciding on which valuation method is to be used for the first time to value stock as it is actually easy to get overwhelmed by various valuation techniques available for the investors. Fairly straightforward valuation techniques are also present, however, other techniques are more involved and complicated.

In general, there is actually no particular method that is best suited for every situation to make performed. Since each stock is different and each industrial sector or firm exhibits unique characteristics it may be required to process valuation methods which are in multiple cases.

Due to many factors to be considered while stock valuation, it must be done on basis of the complete anticipated future growth rate of the company. This should be done carefully based on proper research on the future growth of the particular company to perform calculations of stock valuation.

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2 years ago

The average temperature in san francisco, california, for december, january, and february is 11°c (52°f). during the same three-

IRINA_888 [86]

Heating Degree Days

In comparison to San Francisco, Richmond, Virginia has a higher high temperature and a lower low temperature. And San Francisco has a more steadily averaged temperature for both highs and lows throughout the year, less extreme variation.

And although the average winter temperatures discussed in the question is significantly lower for Richmond, the issue with having similar amounts of heating degree days, relates to the outside air temperature falling below 65 degree Fahrenheit.

A heating degree day corresponds to the time when it is necessary to heat a building due to the outside air temperature falling below this threshold - the level or number of 65 degrees.

Though seasonal differences exist for both San Francisco and Richmond, as presented by the winter average differences, both of these cities fall below the 65 degree Fahrenheit level or Heating Degree Days at a similar rate, but San Francisco is not as much. Both cities transition to above this temperature during the warmer months, San Francisco by a smaller amount than Richmond, but like Richmond, still above the 65 degree level.

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3 years ago

Whats the sum of the digits of 30

arlik [135]

Answer:

I hope I am answering correctly based on your question but if you are asking what two numbers you add together to equal 30. The answer is 15+15. etc.

7 0

3 years ago

Bramble Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows.

puteri [66]

Answer:

Bramble Resort

Adjusting Journal Entries on August 31:

1. Debit Insurance Expense $2,175

Credit Prepaid Insurance $2,175

To record insurance expense for 3 months.

2. Debit Supplies Expense $6,339

Credit Supplies $6,339

To record supplies expense for the period.

3. Debit Depreciation Expense - Building $1,152

Credit Accumulated Depreciation - Building $1,152

To record depreciation expense for the period.

Debit Depreciation Expense - Equipment $540

Credit Accumulated Depreciation - Equipment $540

To record depreciation expense for the period.

4. Debit Unearned Rent Revenue $3,666

Credit Rent Revenue $3,666

To record rent revenue earned.

5. Debit Salaries Expense $346

Credit Salaries Payable $346

To accrue unpaid salaries.

6. Debit Accounts Receivable $837

Credit Rent Revenue $837

To record rentals due from tenants.

7. Debit Mortgage Interest Expense $1,360

Credit Mortgage Interest Payable $1,360

To record mortgage interest expense for the period.

Explanation:

a) Data and Calculations:

BRAMBLE RESORT TRIAL BALANCE AUGUST 31, 2020

Debit Credit

Cash $23,800

Prepaid Insurance 8,700

Supplies 6,800

Land 28,000

Buildings 128,000

Equipment 24,000

Accounts Payable $8,700

Unearned Rent Revenue 8,800

Mortgage Payable 68,000

Common Stock 103,200

Retained Earnings 9,000

Dividends 5,000

Rent Revenue 84,200

Salaries and Wages Expense 44,800

Utilities Expenses 9,200

Maintenance and Repairs Expense 3,600

$281,900 $281,900

b) Insurance Expense = $8,700 * 3/12 = $2,175

c) Supplies Expense = $6,339 ($6,800 - 461)

d) Depreciation Expense on Buildings = $1,152 ($128,000 - 12,800) * 4%) * 3/12

e) Depreciation Expense on Buildings = $540 ($24,000 -2,400) * 10%) * 3/12

f) Interest on Mortgage = $1,360 (68,000 * 8%) * 3/12

3 0

3 years ago