Answer:
Adjusting journal entries
a) 1 . Debit Depreciation $10500 Credit Accumulated depreciation $10500.
2 . Debit interest expense $40 , Credit Bank $40
3 . Debit Admission revenue $ 60000, Credit Unearned admission revenue $60000
4. Debit Prepaid expense $1100 , Credit Advertising expense $1100
5. Debit salary $4700, Credit Salary payable ( accrued salary) $4700
Explanation:
Depreciation = (cost - salvage value)/ useful life
it is said that the equipment has a useful life of 16 years at that date (31 Dec) and depreciation needs to be adjusted for the year. Even even that $192000 is Carrying amount it is not depreciable amount we still need to subtract the salvage value hence (192000- 24000)/16 = $10500 Depreciation
interest expense = 90000*8%*72/360 = $1440
The 72 days numerator is arrived at by adding the remaining 11 days in Oct plus full 30 days Nov plus full 31 days Dec. $1400 of interest has already been recorded so in adjusting to the total of $1440 we need to record $40 of interest.
december coupon = 2000*$30 =$60000
if the coupon admission book revenue for december is not included in the trial balance then its journal entry is debit bank $60000 credit unearned revenue $60000
A substance decays in 22ach days. after 7 days, there are nine milligrams of the substance last. milligrams had been there to start with:
at the give-up of each day, you are left with (100- 22)% = 7-8%, that is 0.7-8Tim.
To decay is described as to rot, lose strength or become worse. An example of degradation is while old fruit begins to rot. An instance of degradation is whilst a community begins to come to be crime-ridden. A falling into spoil.
a few common synonyms of deterioration are decomposed, putrefy, rot, and spoil. even as these types of words suggest "to go through negative dissolution," decay implies a sluggish exchange from a country of soundness or perfection.
The wooden of the white pine is long-lasting for indoor use, in particular, whilst covered by means of paint, however, while uncovered to moist air it swiftly decays, and it is very prone to dry rot; its miles are said to be excellent while grown on sandy soils.
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Answer:
$
Market value of common stocks (6,000 x $25) = 150,000
Market value of preferred stocks (9,000 x $20) = 180,000
Market value of the company 330,000
Proceeds allocated to common stocks
= $150,000/$330,000 x $312,000
= $141,818
The correct answer is B
Explanation:
The market value of the company is the aggregate of market value of common stocks and market value of preferred stocks.The market value of each stock is equal to number of each stock outstanding multiplied by market price per share. Thus, the proceeds allocated to common stock equals the market value of equity divided by market value of the company multiplied by the lump sum.
Answer:
<u>Portals.</u>
Explanation:
A portal is defined as an internet site whose purpose is to cluster and make available diverse content from various sources, and acts as an access point for various websites.
In order to function effectively a portal must be designed to withstand the large amount of user access, so that it works properly without slow system and damage to users. As a portal is a channel especially for commercial websites, it is imperative that the team of contributors who feed the portal have access to the large amount of structured and unstructured information, so that there is better organization and search accuracy and prevention of misfortune, such as failures on commercial sites such as a paid purchase that is not registered and ends up lost or a customer unable to access the site information screen.
