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Firlakuza [10]
2 years ago
7

The balanThe balance in the supplies account before adjustment at the end of the year is $780. The proper adjusting entry if the

amount of supplies on hand at the end of the year is $255 would be in the supplies account before adjustment at the end of the year is $780. The proper adjusting entry if the amount of supplies on hand at the end of the year is $255 would be. Chegg
Business
1 answer:
Reptile [31]2 years ago
4 0

Answer:

Supplies at the year end before adjustment    $780

Supplies on the hand after adjustment             <u>$225</u>

Supplies Expenses                                             <u>$555</u>

Adjusting Entry           Debit    Credit

Supplies Expenses       $555

Supplies                                      $555

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The Peach Corporation provides restricted stock to certain executives. Under the plan, the company granted 30 million shares on
daser333 [38]

Answer:

1. Determine the total compensation cost pertaining to the restricted stock.

  • 30 million x $14 = $420 million

2. Prepare the appropriate journal entries

December 31, Year 1:

Dr Stock compensation expense 105,000,000

    Cr Additional paid in capital - restricted stock 105,000,000

December 31, Year 2:

Dr Stock compensation expense 105,000,000

    Cr Additional paid in capital - restricted stock 105,000,000

December 31, Year 3:

Dr Stock compensation expense 105,000,000

    Cr Additional paid in capital - restricted stock 105,000,000

December 31, Year 4:

Dr Stock compensation expense 105,000,000

    Cr Additional paid in capital - restricted stock 105,000,000

January 1, Year 4, the stocks are handed out:

Dr Additional paid in capital - restricted stock 420,000,000

    Cr Common stock 420,000,000

6 0
3 years ago
Steven wants to become a member of the labor union. Which law giver him the right to do so?
ziro4ka [17]

Answer:

D. Wanger Act

Explanation:

3 0
3 years ago
A mission statement should include the following​ components: A. ​Customers, products/services,​ markets, and competitors B. ​Su
ivanzaharov [21]

Answer:

The correct answer is (a)

Explanation:

A mission statement is an important factor which helps a company to attract customers and show them why their company is different and competitive. A mission statement should include a description of product and services, and it should depict the importance of customers. It should also include little information regarding the competitors. Mission statement is the first thing customers notice when they visit a website.

3 0
3 years ago
Which of the following best describes the purpose of INSURANCE?
denpristay [2]

Answer:

I think B

Explanation:

Insurance in short term is something that helps people protect themselves from losing money. So financial losses can be money.

3 0
2 years ago
Below is a common problem in which the payments are not the same time period as the interest rate or the time period. In order t
klasskru [66]

Answer:

Monthly installment = $419.54

Explanation:

<em>Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest. </em>

The monthly installment is computed as follows:

Monthly installment= Loan amount/annuity factor

Loan amount =13,791

<em>Annuity factor = (1 - (1+r)^(-n))/r </em>

r -monthly rate of interest, n- number of months

r- 6%/12 = 0.5% = 0.005, n = 3 × 12 = 36

Annuity factor = ( 1- (1+0.005)^(-36))/0.005

= 32.87101624

Monthly installment = Loan amount /annuity factor

= 13,791/13,791= 419.5489394

Monthly installment = $419.54

5 0
2 years ago
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