On July 1 of the current calendar year, Plum Co. paid $7,500 cash for management services to be performed over a two-year period beginning July 1. Plum follows a policy of recordin cash payment. The adjusting entry on December 31 of the current year for Plum would include. A) A credit to a liability and a debit to a prepaid expense for $1,875.B) A debit to a prepaid expense and a credit to Cash for $5,625. c. credit to a prepaid expense for $5,625. d. debit to a prepaid expense and a credit to an expense for $1,875. E) A debit to an expense and a credit to a prepaid expense for $1,875.
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 10:00, ladnerhailey16
You are president of a large corporation. at a typical monthly meeting, each of your vice presidents gives standard area reports. in the past, these reports have been good, and the vps seem satisfied about their work. based on situational approach to leadership, which leadership style should you exhibit at the next meeting?
Answers: 2
Business, 22.06.2019 19:00, lonelynomad00
Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.
Answers: 2
Business, 22.06.2019 21:30, natasniebow
True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.
Answers: 1
Business, 22.06.2019 22:30, jasjas3722
Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? a. when more people have children, their incomes tend to be higher and the housing prices are also higher. b. older people are more likely to stay in their houses, creating a seller's market that keeps prices low. c. an area with a lower population density won't have enough construction workers to build new houses quickly. d. an area with younger people will have a higher demand for rentals and a lower demand for buying.
Answers: 1
Do you know the correct answer?
On July 1 of the current calendar year, Plum Co. paid $7,500 cash for management services to be perf...
Questions in other subjects:
History, 29.01.2021 02:00
Health, 29.01.2021 02:00
Medicine, 29.01.2021 02:00
Mathematics, 29.01.2021 02:00
