1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
maksim [4K]
3 years ago
14

Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends, revenue

, and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry. Refer to the Chart of Accounts for account titles. Collected cash for services Account
Purchased office furniture on account Account #1 Account Type ncrease/Decrease Debit/Credit Account #2 Account Type ncrease/Decrease Debit/Credit Provided services on account Account #1 Account Type ncrease/Decrease Debit/Credit Account #2 Account Type ncrease/DecreaseDebit/Credit Prepaid for rent. Account #1 Account Type ncrease/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit
Business
1 answer:
wariber [46]3 years ago
7 0

Answer:

Accounting treatment (debit credit rules) of given entries

Explanation:

  • Purchased office furniture on account Account

Furniture ie Asset increase - Debit , Creditor (Furniture Supplier) ie Liability increase - Credit

  • Provided services on account

Debtor ie Asset increase - Debit , Sale ie Income increase - Credit

  • Prepaid Rent

Prepaid Expense (Rent) ie Asset Increase - Debit. Rent paid now implies later rent ie (Expense) decrease - Credit

You might be interested in
Let's assume that a firm produces 40 products. Its total weekly cost (TC) at this output is $1200. This includes TVC and TFC. We
ikadub [295]

Answer:

$15

Explanation:

The computation of the average fixed cost is shown below:

As we know that

Average fixed cost is

= Total fixed cost ÷ Quantity

where,

Total fixed cost is

= Total cost - total variable cost

= $1,200 - $200 × 3

= $1,200 - $600

= $600

And the quantity is 40 products

So, the average fixed cost is

= $600 ÷ 40

= $15

3 0
3 years ago
Were you to have information about the salaries of various levels of employees in each company, what would you use (mean, median
Usimov [2.4K]

We will use median to calculate various level of salaries of different employees.

Every individual has incomes and expenditures and some savings for the purpose of preparation of budget. Calculation of wealth can differ accordingly as wealth of the different employees would be different as per their earning.

There would be different employees in each company and taking out calculations on the basis of mean would not give any final result. Mode is the result of expected outcomes and will not give exact results. Hence, median would not be affected by small or large numbers so median would give exact results.

To learn more about median here,

brainly.com/question/21396105

#SPJ4

3 0
2 years ago
In the United States, ownership of intellectual property rights is established by "prior use versus registration" which implies
timurjin [86]

Answer:

D. prove the ownership of a trademark in a court of law

Explanation:

  • The intellectual property laws in the united states is under the Federal laws and are directly followed by the constitution for the copywriter and the patents and only the federal govt has the power to make laws and the ability to regulate commerce.
3 0
3 years ago
Sally tends to procrastinate early in a project's development, but she always comes through when the pressure is on. for sally,
iragen [17]

Constructive stress. When stress produces results it is constructive.

7 0
3 years ago
What is meant by internet?​
love history [14]

Answer:

internet is a vast computer network providing communication and information throughout the world and it is easily accessible nowadays ❤️

7 0
3 years ago
Read 2 more answers
Other questions:
  • Gugenheim, Inc., has a bond outstanding with a coupon rate of 5.7 percent and annual payments. The yield to maturity is 6.9 perc
    15·1 answer
  • Madison Corporation's production cycle starts in the Processing Department. The following information is available for April: Un
    15·1 answer
  • Despite zero population growth, why is the population of the United States growing?
    11·1 answer
  • Which of the following is true of assigning costs to cost objects? a.Assigning costs to cost objects can be accomplished in a nu
    6·1 answer
  • Assume Brad has a choice between two deposit accounts. Account WH has an annual percentage rate of​ 7.35% with interest compound
    5·1 answer
  • Assume that the number of hosts connected to the Internet at year 2010 is five hundred million. If the number of hosts increases
    11·1 answer
  • ____________ comprise about 20% of all businesses but account for about 81% of u.s. business receipts.
    12·1 answer
  • . Discuss and Implement the Price Adjustment Strategies in current market. Apply each strategy with 3 examples along with pictur
    11·1 answer
  • b. D Corp stock currently trades at $50. August call options on the stock with a strike price of $55 are priced at $5.75. Octobe
    13·1 answer
  • E-businesses use the physical rather than the virtual value chain
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!