Answer:
Debit to loss on sale of equipment of $20,000
Explanation:
Data provided in the question:
Selling cost of the equipment = $100,000
Cost of the equipment = $300,000
Accumulated depreciation of the equipment = $180,000
Now,
The book value of the equipment
= Cost of the equipment - Accumulated depreciation
= $300,000 - $180,000
= $120,000
Therefore,
Proceeds for selling
= Selling cost of the equipment - Book value of the equipment
= $100,000 - $120,000
= - $20,000
Here, the negative sign depicts a loss
Hence,
The company’s journal entry to record the sale of the equipment would include a Debit to loss on sale of equipment of $20,000
$6824.00...multiply 2.80 by 580=1624.00$ + 5200.00= 6824.00$
the national rifle association in the United States is considered to be a single-issue group.
<h3>what is a single-issue group?</h3>
a single issue group is one that that focuses its advocacy efforts on one particular issue.
in the case of the national rifles association, they are focused solely on the issue of gun rights which is why they are a single-issue group.
find out more on single-issue groups at brainly.com/question/14254319.
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Answer:
Decrease the trade payables by a debit entry with the amount paid after the return is made. Also decrease the assets of cash by creating a credit entry to depict outflow of economic benefits.
Explanation:
Hi, your question is incomplete, i tried looking for the question online but i could not find it.
Here i will explain the journal entries that are usually made when there is a Purchase, Return and Payment of Inventory assuming the view of the customer or trade receivable.
1. Purchase
Here we have to increase the value of inventory by creating a debit entry and also increase the value of trade payable by creating a credit entry.
2. Return
The value of trade payables has to be decreased to the extent of the amount that would have been paid if the inventory was not returned. Also the inventory value has to decrease with the same amount as for the trade payable.
3. Payment
Decrease the trade payables by a debit entry with the amount paid the after return is made. Also decrease the assets of cash by creating a credit entry to depict outflow of economic benefits.
<u>Explanation:</u>
The four factors which affect the geographical mobility of labor are as follows:
Educational facilities: When enough facilities are not available for the labor to educate themselves in their location.
Social capital: it refers to the relationship between the people in and around the place with whom the labor network. Some society does not accept outsiders to work along with them.
Language : language is a barrier for the labor to adopt to. Living in an area with unknown language makes life complicated.
Information: Labor do not have any data about the local area where they move to which makes it difficult to live in new area.
Family: The family ties of the labor restricts the labor to move to new location.