Answer:
B) 280,000; 200,000
Explanation:
Assets = Liabilities + Shareholder Equity
Assets:
Cash $50,000
Accounts receivable $80,000
Inventory $100,000
Gross P&E $730,000
<u>depreciation ($130,000)</u>
total = $830,000
Liabilities:
Accounts payable $12,000
Notes payable $50,000
<u>Long-term debt $218,000 </u>
total = $280,000
Equity = $830,000 - $280,000 = $550,000
Common stock $100,000
Add. paid-in capital $250,000
Retained earnings = $550,000 - $100,000 (common stock) - $250,000 (APIC) = $200,000
What are asking I am confused
Constitution has something called Bill of Rights which are your rights. Also, Supreme Court (Judicial branch) is there to interpret the laws. They can declare a law unconstitutional and all disputes between individual and government are settled in Supreme Court.
Answer:
(1) accrue salaries expense
Debit [e.] Salaries Expense
Credit [g.] Salaries Payable
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(2) adjust the Unearned Services Revenue account to recognize earned revenue
Debit [a.] Unearned Services Revenue
Credit [f.] Services Revenue
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(3) record services revenue for which cash will be received the following period.
Debit [b.] Accounts Receivable
credit [f.] Services Revenue
