Answer:
A Journal was prepared for Shamrock for December 31 2020 data entries.
It shown below in the explanation section
Explanation:
Solution
Shamrock 's December 31, 2020, Journal entries:
Date Account Titles & Explanation Debit Credit
Dec 31, 20 Lease liability 18594
Interest expense
(187600-36702)*12% 18108
Cash 36702
(To record interest expense)
Dec 31,20 Amortization expense (187600/7) 26800
Right of use asset 26800
(To record amortization of the right-of-use asset)
Answer:
Laser Delivery Services, Inc. (LDS)
Analyzing the Effects of Transactions Using T-Accounts:
Cash
Date Accounts Titles Debit Credit
a. Common Stock $40,000
c. Delivery Truck $2,000
d. Delivery Truck 2,000
Balance 36,000
Common Stock
Date Accounts Titles Debit Credit
a. Cash $40,000
Land
Date Accounts Titles Debit Credit
b. Note Payable $12,000
Note Payable
Date Accounts Titles Debit Credit
b. Land $12,000
c. Delivery Truck 18,000
Balance $30,000
Delivery Trucks
Date Accounts Titles Debit Credit
c. Cash $2,000
Note Payable 18,000
d. Cash 2,000
Balance $22,000
2. Classified Balance Sheet as of December 31, 2010:
Assets:
Cash $36,000
Land 12,000
Delivery trucks 22,000 $34,000
Total assets $70,000
Liabilities + Equity:
Notes Payable 30,000
Common Stock $40,000
Total liabilities + Equity $70,000
Explanation:
a) Trial Balance
Cash $36,000
Land 12,000
Delivery trucks 22,000
Common Stock $40,000
Notes Payable 30,000
Totals $70,000 $70,000
b) Business transactions affect the accounting equation (assets = liabilities + equity) by increasing or decreasing the two sides equally. This means that the accounting equation is always in balance before and after every transaction.
Answer:
Christopher is an Employee
Explanation:
1) Christopher is an Employee because he is been paid a flat rate regardless of the amount of work he puts in, also he is directly supervised, has an office in AAA and also he must put in 10 hours of work per week
2) Factors that makes a worker an independent contractor or an Employee includes
- level of instruction; If the company or its representative directs the worker on how, when and where a job can be done this indicates that the worker is an employee
- work schedule: An independent contractor is totally in control of his time and determines the amount of hours to put in but if the work schedule is determined by the company then it will be an employee arrangement
- form of payment ; Hourly, weekly and monthly payments are mostly used for employees ,most independent contractors collect their pay once a task is completed by them
- profit or loss : Employees do not share in the profit or loss of the organization since they are paid a flat rate.
Answer:
uncertainty avoidance
Explanation:
Based on the information provided within the question it can be said that this is an example of the application of Hofstede's typology under the values which highlight uncertainty avoidance. This term refers to the difference between cultures pertaining to the amount of unpredictability that they can tolerate. Which in this scenario is stating that the Danes have a high tolerance for unpredictability.
<span>There are more client computers on the internet.
In general, every computer on the internet is either a client, a server, or both. For instance, a web server is a computer that provides web pages to clients. A single web server can handle up to thousands of clients. Additionally, that web server may itself be a client to another computer that's a database server. This asymmetry in the number of clients and servers out there is one of the major reasons that most customer level ISPs (Internet Service Providers) provide asymmetric data connections to the internet for their customers. A short request of a few hundred bytes sent by a customer may results in a response from the remote server of several million bytes.</span>