Answer:
C. Interest expense 90
Explanation:
In accrual method of accounting, expenses and revenue is recognised when they are incurred or earned and not necessarily when cash has gone out or come in.
Adjusting entries are used to recognise expenses or revenue at a particular period.
If Mama's pizza borrowed $6,000 in May 2021. Principal and interest is due in October 2021 (that is in 6 months).
The interest for the 2 months May and June will be calculated.
Accrued interest will be
I = principal* rate*time
I= 6,000* 0.09* 2/12
I= $90 for the 2 month period
The account form has two columns, set side by side. The left column lists the company's assets. The final line on the left side of the sheet provides the total value of all assets. The column on the right lists both liabilities and equity, with liabilities coming first.
Answer:
Consultation
Explanation:
Consultation is asking someone else to recommend enhancements or help . consultation is the second most basic strategy. People who utilise this strategy regularly were bound to be evaluated exceptionally successful. consultation is best used when others have data and experience you don't and when you are willing and ready to follow up on the thoughts and recommendations of others.
Whenever you are looking into buying big things that usually have a lasting impact, for example, a car. When looking into buying your own car, it is usually very important to the sellers that you have a good credit score so they know that you can pay your bills on time.
