Answer:
Option (C) is correct.
Explanation:
Given that,
Megan’s balance sheet shows:
Total assets = $27,600
Total debts = $32,500
Net worth is the difference between total assets and total liability.
Net worth = Total assets - Total debts
= $27,600 - $32,500
= -$4,900
Therefore,
Megan’s balance sheet shows the negative worth of $4,900.
Answer:
C) debit Salary Expense, $16,440; credit Salaries Payable, $16,440
Explanation:
The adjusting entry is as follows
Salaries expense Dr $16,440
To Salaries payable $16,440
(Being the salary expense is recorded)
The computation is shown below:
= $41,100 × 2 days ÷ 5 days
= $16,440
While recording this we debited the salaries expense and credited the salary payable as it increased the expenses and liabilities account
Answer and Explanation:
Given that
The Sale is made for $900
Terms 2/10, n/30 that means if the payment is made within 10 days than 2% discount is eligible and the total credit period allowed is 30 days
Now the journal entry to record the receipts of a payment within discount period is
Cash Dr $882
Sales discount $18
To Account receivable $900
(Being the cash received)
It’s important to get along with people in the workplace
because
<span><span>A) </span>It will create better teamwork which will lead to a higher productivity
level,</span><span><span>
B) </span>You will feel less stressed with your job,</span>
<span><span>C) </span>You will be more at ease in working and be comfortable at your workplace,</span>
<span><span>D) </span>Being satisfied with your job will come upon you easily.</span>
<span>
Overall, it is better to work in an environment where you are
in harmony with your colleagues. </span>
