Promissory estopplel is a contractual agreement based on a promise rather than on a written contract but is still enforceable and legal such as in regarding payment for services rendered so that the contractor is protected financially.
Answer:
Journal Entries
Date Account Titles and Explanation Debit Credit
April 30 Salaries expenses $4,800
($12,000/5) * 2
Salaries payable $4,800
(To record the Accrual of salaries expense)
May 30 Salaries Expenses
($12,000/5)*3 $7,200
Salaries payable $4,800
Cash $12,000
(To record the payment of salaries expenses)
Answer:
Dr cash $310,831
Dr discount on bonds payable $29,169
Cr bonds payable $340,000
On 30th June 2021
Dr interest expense $ 15,542
Cr cash $15,300
Cr discount on bonds payable $242
On 31st December 2021
Dr interest expense $ 15,554
Cr cash $15,300
Cr discount on bonds payable $254
Explanation:
The bond issued at a discount is the first bond whose cash proceeds of $310,831 were less than face value of $340,000.
Discount=face value -cash proceeds=$340,000-$310,831=$29,169.00
Find attached bond amortization schedule.
The type of conflict that Kevin is facing based on the scenario that has being painted here is what is called the Conflict of loyalty. Option B.
<h3>What does it mean to be in conflict?</h3>
A mental conflict brought on by conflicting or incompatible wants, urges, wishes, or demands from the outside or the inside.
Conflict-affected individuals may come out as tense and uneasy. For instance, they could shun social situations and question everything they do all the time. Words and comments - How workers communicate verbally might show whether conflict is present. People tend to use far more emotional language when they are agitated.
When a person has a duty of loyalty to many entities and those entities' interests disagree, there is a conflict of loyalty.
When a board member may be swayed by factors other than what is best for the organization, there is a possible conflict of loyalties. Loyalty conflicts could be severe enough to qualify as interest conflicts.
Read more on conflict here:brainly.com/question/846617
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Answer: $1,355.41
Explanation:
Business expense deductible:
= Adjusted Cost of gasoline + Depreciation
As Ryan can only provide documentation for 1,300 miles, this is what the deductible will be based on:
= (Cost of gasoline * Documented miles for business / Estimated miles for business) + (Depreciation * Documented miles for business / Total miles travelled)
= (1,920 * 1,300 / 2,260) + (3,900 * 1,300 / 20,200)
= $1,355.41
