Business, 10.10.2021 01:00 AgarioEdit
Journalize the transactions.
Oct. β1Diane Lexington begins business as a real estate agent with a cash investment of $20,000 in exchange for common stock.
2Hires an administrative assistant.
3Purchases office furniture for $2,300, on account.
6Sells a house and lot for N. Fennig; bills N. Fennig $3,600 for realty services performed.
27Pays $850 on the balance related to the transaction of October 3.
30
Pays the administrative assistant $2,500 in salary for October.
DateAccount TitlesRef. DebitCredit
Oct. 1
2
3
6
27
30
Answers: 3
Business, 22.06.2019 00:00
Which part/word/phrase in the passage refers to a businessβs financing activity seen in a cash flow statement? nathan works as an accountant in a footwear manufacturing company. he is currently preparing the cash flow statement for his employer. during the given accounting period, the company purchased raw materials worth $25,000. it also bought new equipment worth $75,000 to increase its production output. further, it borrowed a long-term bank loan of $100,000 to facilitate further expansion. finally, the company spent $50,000 on advertising its latest brand of footwear in the market. {lol i guessed its "it borrowed a long-term bank loan of $100,000 to facilitate further expansion" and thats correct}
Answers: 1
Business, 22.06.2019 12:30
Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented
Answers: 1
Business, 22.06.2019 17:30
Alinguist had a gross income of 53,350 last year. if 17.9% of his income got witheld for federal income tax, how much of the linguist's pay got witheld for federal income tax last year?
Answers: 2
Business, 22.06.2019 19:40
Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%
Answers: 2
Journalize the transactions.
Oct. β1Diane Lexington begins business as a real estate agent with a...
History, 05.05.2020 04:11
Biology, 05.05.2020 04:11
Social Studies, 05.05.2020 04:11
Mathematics, 05.05.2020 04:11
History, 05.05.2020 04:11
History, 05.05.2020 04:11
Biology, 05.05.2020 04:11