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Furkat [3]
2 years ago
12

If a company recorded an adjusting entry by debiting Interest Expense for $500 and Interest Payable for $50 in error, then the _

_____.
Business
1 answer:
Ilya [14]2 years ago
5 0

If a company recorded an adjusting entry by debiting Interest Expense for $500 and Interest Payable for $50 in error, then the: Adjusted trial balance's debits side will not equal its credits  side.

<h3>Adjusted trial balance</h3>

Based on the information given debiting Interest Expense for $500 was right and debiting Interest Payable for $50 was wrong.

Reason being that  Interest expense is a debit entry because expenses are supposed to be debited while interest payable is a credit entry.

Based on this  the adjusted trial balance's debits side will not equal its credits  side.

Inconclusion If a company recorded an adjusting entry by debiting Interest Expense for $500 and Interest Payable for $50 in error, then the: Adjusted trial balance's debits side will not equal its credits  side.

Learn more about adjusted trial balance here:brainly.com/question/14476257

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Sissac Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The
agasfer [191]

Answer:$163  which is favorable

Explanation:

Standard Cost per month is given as =Actual Quantity  ×  Standard Rate

=   Actual activity for number of jobs per month × Standard rate per job  + Actual activity for meals× standard  Rate per meal + Cost of Catering supplies    

=  9 jobs×$101 per job    + 126 meals × $24 per meal  +$470

=  $909 + $3,024  + $470 = $4,403

Also, Spending Variance =  Actual cost of Catering in May- Standard cost of catering per month.

$4,240- $4,403= $163---- Favorable . This is because the actual  cost for catering supplies  is less than the Standard cost estimated.

​

8 0
3 years ago
Why is finance a matter of general interest and not only individual?
valentinak56 [21]

Answer:

Personal finance is a term that covers managing your money as well as saving and investing. It encompasses budgeting, banking, insurance, mortgages, investments, retirement planning, and tax and estate planning. It often refers to the entire industry that provides financial services to individuals and households and advises them about financial and investment opportunities.

6 0
4 years ago
Matt Company uses a standard cost system. Information for raw materials for Product RBI for the month of October follows: Standa
Troyanec [42]

Answer:

$100 favorable

Explanation:

The computation of the material purchase price variance is shown below:

= Actual Quantity purchased × (Standard Price - Actual Price)

= 2,000 pounds × ($1.60 - $1.55)

=  2,000 pounds × $0.05

= $100 favorable

Simply we took the difference between the standard and the actual price, and then multiply it by the actual quantity purchased

6 0
4 years ago
In order to lose weight, energy expenditure must exceed energy intake. negative energy balance occurs when the body is using mor
cupoosta [38]
Arthur will have to expend the energy that is stored in the 8-week period, and we may calculate this using the provided information.

Total fat stored = 12 lb
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Per week, he has to have a negative balance of:
42,000 / 8 = 6,000 calories

First, we write the daily input:
3,000 kcal

Output:
1,800 kcal (basal metabolic rate)

Negative balance:
6,000

Burned:
b

Now, we may use the equation:

Input = deficit + output + burned

burned = 3,000 - 6,000 - 1800

Arthur must burn a total of 4,800 kcal daily if he wishes to lose that much weight in the given amount of time.
8 0
4 years ago
Michelle needs a decision today about a product release. In an e-mail she asks for input from her team that is more in-depth tha
soldier1979 [14.2K]

Answer:

Option(d) is the correct answer to the given question.

Explanation:

The electronic communication implies the certain propagation of signs , signals, messages, photo,etc of whatever kind, transferred all or in the portion by a connector affecting the interstate and foreign trade.

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  • All the other option are not drawback of electronic communication that's wht they are incorrect option.
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