The answer that best fits the blank space in the question is (A) city.
Infrastructure generally refers to <em>the essential facilities and systems that serve an area, which can apply to a city, country, or even smaller regions such as a village</em>.
Infrastructure does not only apply to physical structures such as roads and water supplies, but also to things such as educational programs and emergency services.
Answer:
Paid in capital excess of par is $$309,000
Explanation:
<u>Journal Entries</u>
Debt: Legal services (4,100 hours × $100 per hour) = $410,000
Credit: Common stock (101,000 shares × $1 par) = $101,000
Credit: Paid-in capital - excess of par (Remainder) = $309,000
To record the 101,000 shares compensated by 4,100 legal hours with $1 par value)
In the above transaction common stock issued in excess of par for legal services as compensation instead cash. Hence "legal services" have been debited as issuing company benefited for legal services. "Common stock" and "paid in capital in excess of par" has been credited as this issuing company issuing common stock.
Paid in capital excess of par is $$309,000
Answer:
$12,100
Explanation:
Data provided;
Accumulated Depreciation = $3,200
Fees Earned = $17,400
Depreciation expense = $1,300
Insurance Expense = $200
Prepaid Insurance = $4,800
Supplies = $900
Supplies Expense = $3,800
Now,
The Net income
= Fees Earned - Depreciation Expense - Insurance Expense - Supplies Expense
= $17,400 - $1,300 - $200 - $3,800
= $12,100
