Answer:
Date Account Title Debit Credit
June 30 Cash $150
Interest revenue $150
Explanation:
Interest earned is considered to be revenue so it will be credited to the interest revenue account.
Cash will be debited because the interest revenue increased it and assets are debited when they increase.
Answer:
Only if the stock price is greater than 
Explanation:
-Ignoring time value of money, the stock's holder will only make a profit if the stock price at time of maturity is greater than .
-Price must be greater than total cost ($120+$6) of buying the option.
-The option will not be exercised if the stock price is between $120 and $126. If exercised at these prices, the holder will make a loss.
Answer:
Option D is correct one.
<u>Debit to Allowance for Doubtful Accounts of $11,920</u>
Explanation:
Allowance for doubtful accounts $11,920 Debit
Accounts Receivables $11,920 Credit
Answer: D) an industry convergence
Explanation: The Beacon signing a deal with IntelNews Inc. to present the paper digitally to homes and businesses quite different from its traditional method shows industry convergence. Industry convergence reveals how previously unrelated industries can come together to satisfy the same customer need. It is defined as the blending companies leading to the creation of new types of industries and it represents growth opportunities for companies that redefines industry boundaries.
Answer:
Task A:
Cost of goods sold = $621,000
Task B:
The LIFO layer liquidation effect is to increase the income by <u>$16,500</u>.
Explanation:
<h2>
The workings are attached as follows:</h2>
