How will this be displayed in a journal entry? t-account?
brett farve opened cornelian...
Business, 15.01.2020 21:31 lindalou6483
How will this be displayed in a journal entry? t-account?
brett farve opened cornelian window washing inc. on july 1, 2011. during july the following transactions were completed.
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brett met with the manager of the large office building (axis building) and submitted a bid of $5,500 for complete window washing maintenance 4 times per month. the manager liked the bid but had to discuss this large a contract with the owner. brett is almost sure the work will come in starting august 1.
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brett got a phone call from the manager of the axis building. the owner was willing to pay $5,000 per month for 4 window washings. brett considered the offer and said it seemed acceptable for him. the manager said to bring over the contract and start during the week of august 5th.
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when he picked up the truck after servicing the maintenance man told
him the truck should be winterized before november. the cost for all the work would be $75. brett made an appointment for winterization of the truck on september 13.
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an employee approached brett with a salary request. the employee was willing to work for $3 less an hour if brett would pay the salary ‘under the table’. the employee’s spouse had a good job and the salary the employee was getting would put the family into a new income tax bracket. the employee was a good employee and would have to quit if brett did not oblige. brett saw the savings opportunity but said he’d have to talk to his advisor.
Answers: 2
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