Answer
The answer and procedures of the exercise are attached in the image below.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
<span>The Trump office has been accused of placing greater importance on their own business interests, and no interest at all on environmental concerns.Trump has made it clear that he has no intention to improve the earth's environment in the future.</span>
Answer:
b. debit warranty expense $10,000; credit estimated warranty liability $10,000
Explanation:
The journal entry to record the estimated warranty expense is shown below:
Warranty Expense Dr $10,000 ($200,000 × 5%)
To Estimated Warranty Liability $10,000
(being the warranty expense is recorded)
Here the warranty expense is debited as it increased the expense and credited the estimated warranty liability as it also increased the liability
Therefore the option b is correct
Answer: Both types of leaders have humility as a core personal characteristic
Explanation:
Servant leadership is a form of leadership philosophy whereby the lender's main goal is to serve and the leaders are humble. Level 5 leaders are humble and incredibly ambitious.
Therefore, servant leaders and Level 5 executives have in common is that both types of leaders have humility as a core personal characteristic
Answer:
December 31
DR Cash $139,875
DR Discount on Bonds Payable $10,125
CR Bonds Payable $ 150,000
Explanation:
Cash
Because Wintergreen is selling at $93.25 when Par Value is usually at $100, they are selling at a discount.
Cash Received = 150,000 * 93.25/100
= $139,875
Discount on Bonds
= 150,000 - 139,875
= $10,125
