The journal entry for the issuance of the stock for issue of 40 shares at a par value of $20, will affect a credit to Common Stock for $800.
<h3>What is a journal entry?</h3>
The process of maintenance of systematic and chronological records of financial transactions during a given financial period is known as a journal entry.
Hence, option C holds true regarding the journal entry.
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Answer:
$660 (credit balance)
Explanation:
the question is missing the numbers, so I looked for a similar one:
- 4% of units will be defective
- average repair cost of $20
- 1,100 units sold during the first month
- 11 defective units were repaired
The journal entry to record warranty liability:
Dr Warranty expense 880
Cr Warranty liability 880
the journal entry to record actual money spent repairing defective units:
Dr Warranty liability 220
Cr Cash 220
the balance of the warranty liability account at the end of the month = $880 - $220 = $660
They have proven that their food is safe to eat. People have eaten there and even recommended it, so you know someone trusts it.
If a consumer doesn't pay off their entire credit card balance it becomes a debt that will continue to accrue interest and eventually will end up in collections
Answer:
<u>D. Permitting Timothy to make up time lost due to the observance of religious practices is a reasonable religious accommodation.</u>
Explanation:
This statement is true in line with normal workplace ethics. Also, been his superior it would favor the company if Timothy is asked to make up time lost due to the observance of his religious practices.
A reasonable employer knows that his employees also have a constitutional right to freedom of worship, and would be flexible in the company policy on working hours.
