Answer:
Laser Messenger Service
Income Statement
For the Year Ended April 30, 2019
Revenues:
Expenses:
- Salaries Expense $307,100
- Supplies Expense $3,910
- Rent Expense $87,400
- Utilities Expense $33,400
- Depreciation Expense $11,500
- Miscellaneous Expense $4,600 <u>$447,910</u>
Net income $162,790
So this is the first time I've done my taxes by myself, last time I had them ... to check/not check, "This address is under someone else's name".
Answer:
Conducting Lectures on Sustainable Agriculture
Explanation:
I just took the Unit Test Review and got it right
Answer:
Debit to Interest expenditure and bond premium.
Explanation:
Based on the information the Appropriate journal entry to record this would include a CREDIT TO CASH for the amount of the interest checks written and DEBIT(S) to INTEREST EXPENDITURE AND BOND PREMIUM reason been that we were told the ANNUAL INTEREST PAYMENT on the company its outstanding was the amount of $20 million of 6 percent bonds, which were ISSUED AT A PREMIUM.
Debit to Interest expenditure and bond premium $1.2 million
($20 million*6%)
Cr Cash $1.2 million
Answer:
$90,000
Explanation:
The reason is that the International Accounting standard IAS 3 Inventories says that the asset must be reported at lower of:
Cost &
Net realizable value
Here the cost is $100,000 and NRV is $90,000, which means that the inventory must be reported at $90,000 which is the lower value.