Business, 18.06.2020 22:57, lauren21bunch
Adama Company incurred the following costs. Indicate to which account Adama would debit each of the costs.1. Sales tax on factory machinery purchased $ 5,000 Select the account to be debited Land ImprovementsLandPrepaid 2. Painting of and lettering on truck immediately upon purchase 700 Select the account to be debited Prepaid InsuranceBuildingLand 3. Installation and testing of factory machinery 2,000 Select the account to be debited Prepaid Improvements4. Real estate broker’s commission on land purchased 3,500 Select the account to be debited Prepaid Improvements5. Insurance premium paid for first year’s insurance on new truck 880 Select the account to be debited EquipmentPrepaid InsuranceLand ImprovementsBuildingLand6. Cost of landscaping on property purchased 7,200 Select the account to be debited Prepaid InsuranceLand 7. Cost of paving parking lot for new building constructed 17,900 Select the account to be debited LandEquipmentLand ImprovementsPrepaid InsuranceBuilding8. Cost of clearing, draining, and filling land 13,300 Select the account to be debited BuildingLandLand Insurance9. Architect’s fees on self-constructed building 10,000 Select the account to be debited
Answers: 3
Other questions on the subject: Business
Business, 21.06.2019 21:00, kirathadoll
Concrete consulting co. has the following accounts in its ledger: cash; accounts receivable; supplies; office equipment; accounts payable; jason payne, capital; jason payne, drawing; fees earned; rent expense; advertising expense; utilities expense; miscellaneous expense. transactions oct. 1 paid rent for the month, $3,600. 3 paid advertising expense, $1,200. 5 paid cash for supplies, $750. 6 purchased office equipment on account, $8,000. 10 received cash from customers on account, $14,800. 15 paid creditors on account, $7,110. 27 paid cash for miscellaneous expenses, $400. 30 paid telephone bill (utility expense) for the month, $250. 31 fees earned and billed to customers for the month, $33,100. 31 paid electricity bill (utility expense) for the month, $1,050. 31 withdrew cash for personal use, $2,500. journalize the following selected transactions for october 2019 in a two-column journal. refer to the chart of accounts for exact wording of account titles
Answers: 2
Business, 22.06.2019 00:00, leilakainani26
Alandlord rented an art studio to an artist. under the terms of the signed, written, two-year lease, the artist agreed to pay the landlord $1,000 per month and to assume responsibility for all necessary repairs. after the first year of the lease, the artist assigned the balance of his lease to a sculptor. the landlord approved the sculptor as a tenant and accepted two rent payments from her, and then the landlord sold the building to an investor. the sculptor had made two payments to the investor when an electrical fire broke out in the studio, injuring the sculptor. the fire was caused by faulty wiring. the landlord was aware that there was a dangerous wiring problem when he leased the property to the artist. but when the landlord discovered how costly repairs would be, he decided it would be more profitable to sell the property than to repair it. the problem was not easily discoverable by anyone other than an expert electrician, and the landlord did not tell the artist, the sculptor, or the investor about the problem. the sculptor sues to recover damages for her injuries. from whom can the sculptor recover?
Answers: 3
Business, 22.06.2019 15:30, graciemccain
On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.
Answers: 3
Business, 22.06.2019 20:00, jaylennkatrina929
Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.
Answers: 3
Do you know the correct answer?
Adama Company incurred the following costs. Indicate to which account Adama would debit each of the...
Questions in other subjects:
Mathematics, 21.03.2020 00:26
Mathematics, 21.03.2020 00:26
