ANSWER:
Income
WHY:
The expenses and extras and needs should all add up to the income and the income should be over these expenses
MARK ME BRAINLIEST PLEASE
The correct answer is A. about one-half inch away from the
left side. This is the format followed in listing down entries of account
titles for better readability. This is one way of highlighting the account
title column and give emphasis on the accounts falling under the debit category.
Answer:
$21,250
Explanation:
Calculation to determine the ending balance in the inventory account
Using this formula
Cost of goods sold = Opening Inventory + Purchase during the year - Ending balance of inventory
Let plug in the formula
$28,000 = $15,250 + $34,000 - Ending balance of inventory
Ending balance of inventory = $49,250 - $28,000
Ending balance of inventory = $21,250
Therefore the ending balance in the inventory account is $21,250
Answer:
A. Is the process of allocating to expense the cost of a plant asset.
Explanation:
Depreciation can be defined as a process in which the monetary or financial value with respect to an asset decrease or falls over time as a result of wear and tear.
Depreciation is the process of allocating to expense the cost of a plant asset.
Answer:
DR Cash $599,000
CR Notes Payable $599,000
Explanation:
As this is the entry for the issuance of the note, interest will not be recorded as it is incurred as during the loan period.
Entry will be;
Date Details Debit Credit
Jan 1 Cash 599,000
Notes Payable 599,000
