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3 years ago

A list of all account names used to record transactions of a company is referred to as a T-account

Business

1 answer:

11Alexandr11 [23.1K]3 years ago

7 0

Answer:

chart of accounts. a list of all account names used to record transactions of a company.

external transactions. transactions the firm conducts with a separate economic entity.

general ledger. all accounts used to record the company's transactions.

journal

posting

T-account

trial balance

accounts

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Some employers provide employees with a fixed dollar amount for benefits, allowing employees to choose between various health in

mamaluj [8]

The name of this plan is cafeteria benefit. This is a plan where it is being offered to employees which have a variety of offers that they could chose from that could be of help and to be fitting of the employees' needs. It is seen at the statement above as it has different benefits to chose from of which a cafeteria benefit offers.

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4 years ago

At December 31 of the current year, Sunland Corporation had a number of items that were not reflected in its accounting records.

yan [13]

Answer:

Dr Maintenance and repair expense $900

Cr Accrued expense $900

Being entries to record maintenance and repair costs incurred

Utilities costing $370 were used but not paid

Dr Utilities expense $900

Cr Accrued expense $900

Being entries to record utilities used but unpaid for

use of a warehouse space worth $2,070 was provided to a tenant who had not been billed as of the end of the month

Dr Unbilled receivables $2,070

Cr Rental Income $2,070

Being entries to recognize income from warehouse space unbilled

Explanation:

When an expense is incurred but unpaid for, an accrual is recognized to capture the cost. For income earned but unbilled, unbilled receivable is recognized. This is based on the accrual concept.

Considering the transactions given

Maintenance and repair costs of $900 were incurred but not paid

Dr Maintenance and repair expense $900

Cr Accrued expense $900

Being entries to record maintenance and repair costs incurred

Utilities costing $370 were used but not paid

Dr Utilities expense $900

Cr Accrued expense $900

Being entries to record utilities used but unpaid for

use of a warehouse space worth $2,070 was provided to a tenant who had not been billed as of the end of the month

Dr Unbilled receivables $2,070

Cr Rental Income $2,070

Being entries to recognize income from warehouse space unbilled

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3 years ago

A company rents a building with a total of 50,000 square feet, which are evenly divided between two floors. The company allocate

shtirl [24]

Answer:

$8,000

Explanation:

The computation of the monthly rental expense allocated is shown below:

Rent allocated to 1st floor:

= $30,000 × 2 ÷ 3

= $20,000

There is 50,000 square feet i.e. equally divided between first floor and second floor. so 25,000 square feet for each floor.

Now

Rent allocated to 10,000 square feet:

= ($20,000 ÷ 25,000) × 10,000

= $8,000

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3 years ago

A Work Breakdown Structure (WBS) identifies deliverables, activities, and tasks. Which statement describes a task? Work performe

Ede4ka [16]

Answer:

The correct option is;

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3 years ago

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The most significant difference between leaders and assembly line workers is the "Power".
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3 years ago