Utility costs that relate to current year's operations but are not paid until the following year require:
- a debit to Utilities Expense
- a credit to Utilities Payable
<h3>What happens when expenses are not paid?</h3>
Expenses are meant to be paid within the accounting period that they occur and if this does not happen, then they are to be treated as current liabilities in the Balance sheet.
This means that the Utilities Expense account will be debited as is the norm but the account that will then be credited is the Utilities Payable account which is a current liability.
Options for this question:
(Select all that apply.)
- a debit to Prepaid Expense - Utilities
- a debit to Utilities Expense
- no journal entry
- a credit to Utilities Payable
- a credit to Cash
Find out more on recording expense payables at brainly.com/question/16781277
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Answer:
pantheon collosium, and roman mythology
Explanation:
Answer:
B. home-based manufacturing.
Explanation:
<em>A cottage industry is a small-scale system of production, in it, the goods and services are produced at home often focusing uniqueness of the product and the small amounts </em>in contrast with large-scale factories. Considering this information the correct answer is b.
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Answer and Explanation:
Since in the question it is mentioned that there is an availability of 100,000 yen for the payment that scheduled next month now the factors that impact the decision for using the each i.e. spot or thw forward one and the same would overall based on how the US dollar strength opposite to other currencies specifically in the YEn
the same is to be relevant
Answer:
Exact flow time = 14.5 hours
Value added percentage of flow time = 0.0020
Explanation:
Exact Flow time is calculated as :
1 + 2+ 2+ 3+ 2+ 2+ 05+ 2 hours + [1.75 minutes / 60] hours = 14.50 hours
14.50 * 60 = 871.75 minutes
Value added percentage of flow time calculations :
1.75 minutes / 871.75 minutes = 0.0020 or 0.2%