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Nuetrik [128]
2 years ago
9

Which account would normally not require an adjusting entry?

Business
1 answer:
umka2103 [35]2 years ago
3 0

When adjusting journal entries, you generally will never need to create an adjusting journal entry for the cash account. Accountants debit cash throughout the month to record inflows of cash and credit the cash account to reflect money going out of the business.

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A writer, an illustrator, a publisher and an agent would form a
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B. Cross-functional team

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Limited Liability Companies (LLCs) are gaining in popularity over sub-chapter S corporations because:_____.
Kisachek [45]

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E. They are simpler when it comes to paperwork, offer some of the same tax advantages and also protect members from unlimited financial exposure

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Limited liability companies are set up to protect the owners from liability. The business is a seperate entity from the individual owners and their assets are not used to settle debts of the business.

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Because of the ease of setting up an LLC more people prefer it to an S corporation. It also protects owners from unlimited financial liability

7 0
3 years ago
Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select "No journal entry
Karolina [17]

Answer:

The journal entries are as follows:

(i) (a) Under allowance for doubtful account method:

Allowance for doubtful accounts A/c Dr. $13,300

              To accounts receivable                           $13,300

(To record the bad debts written off)

(b) Under direct write off method:

Bad debt expenses A/c Dr. $13,300

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6 0
3 years ago
1. You recently inherited some property between a wealthy neighborhood and a fairly poor neighborhood. You have constructed a bu
pishuonlain [190]

Answer:

Pricing is a very important component of Marketing. Marketing is essential for business performance.

The first objective of pricing is to ensure that the business is profitable.

The second is to ensure that one does not under price or over price. In order words, one would like to ensure that they get the best value possible for their products and or services.

A major factor for consideration when setting prices is the existence and behaviour of the competition and those of the customers.

According to the question, the convenience store will be the only one situated in the wealthy neighbourhood and those who are poor will not mind paying higher prices as the only other store which is the poorer neighbourhood is dangerous.

The challenge here is this, if the prices become too high for the poor residents to pay, they will start to think outside the box. They will opt for a solution(s) that will help them resolve the dilemma of having to choose between danger and having to spend so much at the new convenience store.

Their solutions could be to contribute some money to purchase a store at a safe location, where they can set up a business that will serve the community (both wealthy and rich) at reasonable prices.

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The consideration for whether or not the rich will pay is already attended to. Given that the wealthy don't have a convenience store within reach, this store most likely will be welcome as a relief to those who had to travel outside of their locality to do their shopping.          

Cheers!

3 0
3 years ago
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