Disability buyout insurance Group of answer choices is common in small firms that are single-owner operations. protects the firm from losses due to the death of a key employee. provides money to buy out a partner. replaces revenue lost when a key employee is disabled.

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Marvin wrote a check of $58.25 for the water bill and $450 for rent. he also made a deposit of $124.16. how much is his new balance after writing the checks and making the deposit?

Juniper company uses a perpetual inventory system and the gross method of accounting for purchases. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 26, it paid the full amount due. the correct journal entry to record the merchandise return on august 11 is: