Business, 25.01.2021 21:00 stinkaq

[The following information applies to the questions displayed below.] Laser Delivery Services, Inc. (LDS), was incorporated January 1. The following transactions occurred during the year: Received $27,000 cash from the company's founders in exchange for common stock. Purchased land for $9,000, signing a two-year note (ignore interest). Bought two used delivery trucks at the start of the year at a cost of $9,000 each; paid $2,000 cash and signed a note due in three years for $16,000 (ignore interest). Paid $800 cash to a truck repair shop for a new motor, which increased the cost of one of the trucks. Stockholder Jonah Lee paid $220,000 cash for a house for his personal use. Record the effects of each item using a journal entry.

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Answer from: kmmjones6108

Date Account Details Debit Credit

Cash $27,000

Common Stock $27,000

Date Account Details Debit Credit

Land $9,000

Notes Payable $9,000

Date Account Details Debit Credit

Vehicles $18,000

Cash $2,000

Notes Payable $16,000

Date Account Details Debit Credit

Vehicles $800

Cash $800

e. This does not require a journal entry as it is a personal transaction.

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The advantage of administering personality tests on employees is that it will allow the employer to know the mindset and personality of the employee. this will allow the employer to at least have an idea as to how the employee works and how his attitude in the workplace. the disadvantage is that it may make the employee a little anxious as to whether he would meet the personality requirements of the employer and whether he would be able to retain the job or not.

Answer from: Quest

Answera type of question that is legally permissible in a job interview because it focuses on job related factors;

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