? what is the question category ohhhhhhhhhh
Answer:
All workings are attached in the attachment for your convenience.
Explanation:
I just bought shelves and I use it to store all my nail supplies
Answer:
C. I: assets; II: liabilities.
Explanation:
Assets are the physical and intangible properties of business or individual. They are resources used in generating revenues or profits for a business. Assets add value or increase the capital of a company. Examples of assets include cash, inventory, investments, office equipment, and plant and machinery.
Liabilities are debts or obligations that a firm or individual owe to other entities or individuals. Liabilities decrease the net value of a company. Examples of liabilities include Bank debt, money owed to suppliers (accounts payable), Wages owed, and Mortgage debt.
Cash belonging to a bank but held in another bank account is, therefore, an asset, while money borrowed is a debt, hence a liability.
Answer:
warranty expense 2,622 debit
warrant liability 2,622 credit
Explanation:
it will declare a warranty liability equal to the expected cost of the warrant. This is done to match the expenses with the time they occur.
Because, the warrants will be claimed in the subsequent years or the sales made this period.
warrant liability/expense: 43,700 x 6% = 2,622
