Answer:
1. Dr Cost of goods manufactured 2000
Cr supplies 2000
2.Dr Insurance expense 100
Cr Prepaid insurance 100
3. Dr Depreciation expense 75
Cr Accumulated depreciation 75
4. Dr unearned revenue 800
Cr service income 800
5. Dr Account receivable 280
Cr Service revenue 280
6. Dr Interest expense 70
Cr Interest payable 70
7. Dr Salaries expense 1400
Cr Salaries payable 1400
Explanation:
1. At the end of reporting 500 supplies were at hand (2500-500)= 2000 used and closes in to cost of goods manufactured.
2.Prepaid insurance was 600 and expires 100 of the month.(600-100)=500 will be prepaid.
4. Revenue is earned which was unearned and collection was recorded and liability created of that amount,this is done because of matching principle.
Is called collusion
It's actually price collusion to be precise ( not to be mistaken for the crime collusion)
Often time, to attract customers, sellers will offer a lower price than their competitor. Though it may attract more customer, it will lower their profit.
In price collusion, all sellers is guaranteed to have same product price and profit margin, creating a perfect competition market for that product
Whilst organized labor encourages each of its contributors and the majority now not to buy the products or services of a company in a hard work dispute, it is collective bargaining.
Collective bargaining is the manner wherein working people, through their unions, negotiate contracts with their employers to decide their terms of employment, which include pay, blessings, hours, go away, process fitness and safety policies, ways to stability paintings, and circle of relatives, and extra.
Collective bargaining is the process by way of which personnel use unions to negotiate for better phrases. An example is whilst workers in a factory negotiate for higher pay thru their employees' union.
Collective Bargaining is an effective way through which the agency and the trade union can set honest wages and working conditions. It allows for enhancing the first-class of labor members of the family. The targets of collective bargaining are: To settle the disputes and conflicts amidst the events.
Learn more about Collective Bargaining here: brainly.com/question/905389
#SPJ4
<span>By renting a home instead of purchasing one, you are paying someone else's mortgage every month and getting nothing in return. While you are gaining a home to live in for the short term, in the long term you will gain nothing. When you purchase a home you will have a home that you own and that you cannot be evicted from as long as you pay your mortgage.</span>
Answer:
Explanation:
The adjusting entries are shown below:
a. Unearned Fees A/c Dr $82,760
To Fees Earned A/c $82,760
(Being unearned fees are adjusted)
For recording the transactions we debited the unearned fees account and credited the fees earned account
b. Accounts Receivable A/c Dr $32,640
To Fees Earned A/c $32,640
(Being accrued fees recorded)
As the earned fees do not bill so we debited the account receivable account and credited the fees earned account
