This information relates to Sheffield Real Estate Agency. Oct. 1Stockholders invest $33,860 in exchange for common stock of the corporation. 2Hires an administrative assistant at an annual salary of $31,320. 3Buys office furniture for $3,850, on account. 6Sells a house and lot for E. C. Roads; commissions due from Roads, $10,620 (not paid by Roads at this time). 10Receives cash of $220 as commission for acting as rental agent renting an apartment. 27Pays $790 on account for the office furniture purchased on October 3. 30Pays the administrative assistant $2,610 in salary for October.
Journalize the transactions.
Answers: 3
Business, 22.06.2019 04:50
Steffi is reviewing various licenses and their uses. match the licenses to their respective uses. you are eligible to work within the state. you are eligible to sell limited investment securities. you are eligible to sell fixed income investment products. your compensation is fee based. section 6 section 7 section 63 section 65
Answers: 3
Business, 22.06.2019 06:40
10. which of the following is true regarding preretirement inflation? a. defined-benefit plans provide more inflation protection than defined-contribution plans. b. because of preretirement inflation, possible investment-related growth is increased for defined-contribution plans. c. all types of benefits are designed to cope with preretirement inflation. d. preretirement inflation is generally reflected in the increase in an employee's compensation level over a working career.
Answers: 3
Business, 22.06.2019 11:10
Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.
Answers: 1
Business, 22.06.2019 14:30
If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided
Answers: 1
This information relates to Sheffield Real Estate Agency. Oct. 1Stockholders invest $33,860 in excha...
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