Business, 03.03.2020 22:45 nauticatyson9

Revenues have what effect on the accounting equation? Allen Inc. took out a one-year, 8%, $100,000 loan on March 31, 2021. Interest is due upon maturity of the loan. What adjusting entry, if any, should Allen Inc. record on December 31, 2021? Issuing common stock for $5,000 cash is recorded as:

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 06:30, brony2199

"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n. v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):

Answers: 1

continue

Business, 22.06.2019 21:30, lee1677

Which of the following results in an increase in the standard of living? a. an increase in unemployment pushes down the cost of production. b. wages go up to correct for the inflation of prices. c. income increases, enabling consumers to buy more goods and services. d. rising production costs drive up the price of goods and services.

Answers: 1

continue

Business, 22.06.2019 21:30, montgomerykarloxc24x

Sunset foods relies on a highly centralized functional structure to ensure consistency in the quality and taste of its products and to drive down costs via process innovations. however, as a consequence of its highly compartmentalized structure, the firm has found it difficult to transfer information and ideas from one department to the next. with the launch of its new line of breakfast foods coming up, how can sunset improve its ability to collaborate without sacrificing the benefits of its current structure

Answers: 1

continue

Business, 23.06.2019 13:40, irlShadow

Type the correct answer in the box spell all words correctlyaccording to aristotle's three critical elements of good communication, what equates to logic? one of aristotle's critical elements of good communication iswhich equates to logicresetnext

Answers: 3

continue

You know the right answer?

Revenues have what effect on the accounting equation? Allen Inc. took out a one-year, 8%, $100,000 l...