Answer: A. Debit to Unearned Consulting Fees for $1,200
Explanation:
Following the information given in the question, Vinfast Co. receives $3,600 cash from FPT Co. for consulting services to be provided evenly over the period November 1, 2021, to April 30, 2022.
Since we want to know the adjusting entry on December 31, 2021, a period form November 1, 2021 to December 31, 2021 is a period of two months out of the 6 months period. Therefore, the unearned consultancy fee will be:
= $3600 × 2/6
= $1200
Therefore, there'll be a debit to the unearned consulting Fees for $1,200. Also, there'll be a credit to the consulting fees earned account by $1200.
Answer:
I think the answer is D but im not sure.
Explanation:
Answer:
$4,541.67 per month.
Explanation:
From the question above, we see that the interest rate is 18%, therefore:
0.18 X 25,000 = 4,500 interest for one year.
But the loan is for 6months, that's half a year, therefore we have:
4,500 / 2 = 2,250 will be paid as interest for 6months.
The total amount paid monthly will therefore be spread evenly over 6months thus:
(2,250 + 25,000) / 6 = $4,541.67 will be paid per month.
The florist can handle this loan because she wants to complete the sale of an unused property.
physical properties of Earth's surface and the human societies spread across it.
Answer:
No Journal Entry is required
After split per value of share = $5 per share
Explanation:
No Journal Entry is required as stock split is not in the the form of stock divined and the number of common stock will change, not the value.
The calculation of par per share after the split is shown below:-
Before the split the total Number of share = 50 million shares
The ratio after the split = 2 : 1
Total number for the par value 50 million × 10 = 500 million before and stock split.
After split the total number of share = 50 million × 2
= 100 million
After split per value of share = 10/2
= $5 per share
