Answer:
Debit cash $7800
Credit unearned revenue $7800
Explanation:
The amount of $7800 was received in cash on October 1. Therefore, the cash account will be debited with the $7800 received.
The corresponding credit entry of $7800 will be to the unearned revenue account since the revenue has not been earned. Revenue will be earned at the end of each month of the lease. This account will subsequently debited each time the revenue is earned i.e at the end of each lease month.
Answer:
a. Office Supplies Expense a/c Dr. $750
Explanation:
We are provided that office supplies are recorded as an expense, in that case entry will be:
Office Supplies Expense A/c Dr.
To Cash A/c
After this, there is a valuation of closing balance of supplies in hand.
As per books = $4,000
As per inventory of supplies in hand = $4,750
The difference = $4,750 - $4,000 = $750
This will be recorded in Office supplies expense as in this account only the supplies are recorded.
Therefore correct option is
a. Office Supplies Expense a/c Dr. $750
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Answer: Wrongful Discharge
Explanation:
Wrongful discharge, in other words wrongful dismissal or wrongful termination, is the ending of an employment contract by the employer beecause the employer claims that the employee was in breach of his/her employer contract.
An employer might claim an employee is in breach of his/her contract for the following reasons:
Employee refuses to perform tasks that will break the law
Employee reporting a potential violation of a law
Employee participating in union activities
Employee performing a legal obligation, or exercising in a legal right.