Answer:
Debit : Building $10,000
Credit : Cash $10,000
Explanation:
The major upgrade is treated as if we purchased another Building separately, with own useful life.
So, the upgrade will increase the Assets of the Buildings (Debit) and decrease the Assets of Cash to depict outflow of economic benefits.
Now, Depreciation for the year will then be considered separately for the Building in existence and the upgrade as they have different useful life.
Answer:
Correct Answer:
1. True
Explanation:
Taxes affect work activity directly through labor supply-and-demand channels and indirectly through government spending responses to available tax revenues.<em> It has been determined that higher tax rates on labor lead to less work time in the legal market sector.</em>
Bad debt expenses 800
Allowance for doubtful account 800
Allowance for doubtful accounts 60
Accounts receivable 60
Allowance for doubtful accounts 75
Accounts receivable 75
Accounts receivable 45
Allowance for doubtful accounts 45
Allowance for doubtful accounts 100
Accounts receivable 100
Accounts receivable 25
Allowance for doubtful accounts 25
Hope it helps!
The academic career to become a school counsellor can be either bachelor in Psychology, Education or any other related field. This is because of these academic tracks deals and interacts with people. School counsellors need to be open and ready to interact with students, teachers and parents.