in the case of a basket purchase, the cost of the land and building is . multiple choice question. split among the assets purchased in proportion to the market value of the assets as a whole split equally among the assets purchased split among the assets purchased based on management's judgment recorded to the building account, and not the land, because land does not depreciate

Answers

Answer 1

While buildings have a 20-year useful life, land does not depreciate over that time.

A house is what kind of an asset?

Physical Resources. Any tangible asset you own that is valued and can be handled is considered a physical asset. Property, homes, automobiles, boats, RVs, jewelry, and artwork are just a few examples of tangible possessions that might be sold to raise money for mortgage eligibility.

What does the term asset mean?

A resource having economic worth that a person, business, or nation owns or administers with the hope that it will one day be valuable is known as an asset. The balance sheet of a business contains a list of assets. Four categories are used to categorize them: present, fixed, financial, and tangible.

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Related Questions

An amortization schedule for bonds issued at a premium: Multiple Choice Is reported in the balance sheet. All of these answer choices are correct. Is a schedule that reflects the changes in the debt over its term to maturity. Correct Summarizes the amortization of the premium, a contra-asset account with a credit balance.

Answers

I love peanut butter and grxjdjdjjrfj818284

what is the book value of muffin's masonry's assets today and the market value of these assets

Answers

Answer:

13

Explanation:

Based on the principles of psychological pricing, which of the following price adjustment would likely have the greatest positive impact on sales? A. From $51.50 to $51.45, B. From $51 to $50, C. From $58 to 56, D. From $50 to $49

Answers

Based on the principles of psychological pricing, a $50 to $49 price adjustment will likely have the greatest positive impact on sales.

Setting prices below a whole number is referred to as psychological pricing. For instance, $3.99 is perceived as "cheaper" than $4. Customers are expected to view the marginally reduced price as a bargain and be encouraged to make the purchase.

The primary goal of psychological pricing is to boost sales. Maximizing profits for the services and goods a business provides requires employing a variety of strategies or sticking with one that has been consistently shown to be effective.

Hence, the correct answer is "D" option

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Answer:

$50-$49

Explanation:

One of the biggest problems associated with renting a home is:

A. the money invested does not build wealth.
B. the renter is responsible for all maintenance costs.
C. the initial required investment is very high.
D. the renter is required to pay huge insurance fees.

Answers

Answer:

The money invested does not build wealth

Explanation:

The biggest problem associated with renting a home is that the money invested does not build wealth. The correct option is A.

Why property investment is not good?

Even after purchasing the property, you will still need to pay for repairs, society maintenance, and property tax. Also, if you rent out your property, there is a potential that it can sustain damage, adding to your costs. Real estate is not a wise choice for investment because of all these costs.

When renting, the monthly payments go toward the landlord's mortgage and other expenses, rather than toward building equity in a property. In contrast, when owning a home, the mortgage payments go towards building equity in the property, which can be a valuable asset over time. Renters do not benefit from any appreciation in the property value and do not have any ownership stake in the property.

Thus, the ideal selection is option A.

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People's income is affected by choices they have made about careers, education, and skill development.
True
Ralse

Answers

Answer:

True and also you spell false wrong

Explanation:

srry had to point it out

Is a measurement of the way suppliers respond to a change in price

Answers

Answer:

Elasticity

Explanation:

Elasticity of supply is a measure of the way suppliers respond to a change in price.  

Good Luck!

Answer the following questions:
1. What is the lift when 20% of the customers are targeted by the company?
2. What is the lift when 60% of the customers are targeted by the company?
3. What is the overall accuracy of the Naïve Bayes model?
4. How many false positives does the model generate? What does that mean?
5. How many false negatives does the model generate? What does that mean?
6. What is the recall of the model?
7. What is the precision of the model?
8. What is the F-measure of the model?
9. Based on your answers to questions 3-8, comment on the overall performance of the model.

Answers

1 and 2- Without additional information about the data and the model used, it is impossible to answer questions 1 and 2 with certainty.

3-  The overall accuracy of the Naïve Bayes model can be calculated by dividing the number of correct predictions by the total number of predictions.

4 and 5- Refer to false positives and false negatives.

6,7 and 8- Refer to different measures of the model's performance.

9- If the overall accuracy is high and the false positive and false negative rates are low, that suggests that the model is performing well.

To answer the first two questions, we need to know what is meant by "lift." Lift refers to the increase in response rate compared to a baseline response rate. In this case, it likely refers to the increase in the likelihood of a customer responding to the company's targeted marketing efforts compared to if they were not targeted at all.  Without additional information about the data and the model used, it is impossible to answer questions 1 and 2 with certainty. However, we can say that the lift will likely be higher when more customers are targeted, as there will be more opportunities for the marketing efforts to be effective.

Moving on to question 3, the overall accuracy of the Naïve Bayes model can be calculated by dividing the number of correct predictions by the total number of predictions.  Questions 4 and 5 refer to false positives and false negatives. A false positive occurs when the model predicts a positive outcome (such as a customer responding to the marketing efforts) but the actual outcome is negative. A false negative occurs when the model predicts a negative outcome (such as a customer not responding to the marketing efforts) but the actual outcome is positive.

Questions 6-8 refer to different measures of the model's performance. Recall measures the proportion of actual positives that were correctly identified by the model. Precision measures the proportion of predicted positives that were actually positive. F-measure is a weighted average of recall and precision, giving equal importance to both measures.  

Based on the answers to questions 3-8, we can assess the overall performance of the model. If the overall accuracy is high and the false positive and false negative rates are low, that suggests that the model is performing well. High recall and precision scores also indicate good performance. The F-measure takes both recall and precision into account, so a high F-measure is a good sign.

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Suppose you have the opportunity to invest in a project that provides you with $4,000 every year forever. If you require an 8% return on investments with similar risk, what is the most you would be willing to pay for this project?

Answers

To determine the maximum amount you would be willing to pay for the project, we can use the concept of the present value of perpetuity. The present value is the current worth of future cash flows discounted at a specified rate of return. In this case, the perpetuity provides a constant cash flow of $4,000 every year indefinitely.

The formula for the present value of perpetuity is:

Present Value = Cash Flow / Discount Rate

Given that the cash flow is $4,000 and the required return or discount rate is 8% (0.08 as a decimal), we can calculate the present value as follows:

Present Value = $4,000 / 0.08 = $50,000

Therefore, the most you would be willing to pay for this project is $50,000. This amount ensures that the annual cash flow of $4,000 is equivalent to an 8% return on your investment, considering the risk and time value of money.

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Which of the following takes less time to perform tasks and processes?
A. Intranet
B. Virtual private network (VPN)
C. Enterprise portal
D. Application service provider (ASP)​

Answers

Answer:

D. Application service provider (ASP)​

Explanation:

Cloud computing can be defined as a type of computing that requires shared computing resources such as cloud storage (data storage), servers, computer power, and software over the internet rather than local servers and hard drives.

Generally, cloud computing offers individuals and businesses a fast, effective and efficient way of providing services.

Cloud computing comprises of three (3) service models and these are;

1. Platform as a Service (PaaS).

2. Infrastructure as a Service (IaaS).

3. Software as a Service (SaaS).

Application service provider (ASP)​ takes less time to perform tasks and processes. It is also known as software as a service (SaaS).

Software as a Service (SaaS) can be defined as a cloud computing delivery model which involves the process of making licensed softwares available over the internet for end users on a subscription basis through a third-party or by centrally hosting it.

Hence, Application service provider (ASP)​ enhances or facilitates the automation of business services and effectively reduces the time required to perform various tasks.

Question 2 of 10
Investors who go through a capital formation process can expect:
A. a decrease in the diversity of their capital investments.
B. their capital to be used to fund high-risk investments.
C. banks to take control over a large portion of their capital.
O
D. the amount of capital they control to increase.
SUBMIT

Answers

Answer:

B. their capital to be used to fund high risk investments.

Explanation:

I think

Investors who go through a capital formation process can expect their capital to be used to fund high-risk investments. Retained earnings, loan capital, and equity capital are the three main sources of company finance.

What is the meaning capital formation?

Capital Formation is defined as the portion of a country's current output and imports that is not consumed or exported during the accounting period but instead added to its stock of capital goods.

There are various categories of total capital formation. Gross Fixed Capital Formation.

Thus, option B is correct.

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5. Fill the range C6:G10 with the formatting from the range B6:B10 to use a consistent number format for the sales data.

Answers

One of the most beneficial number formats is the proportion (%) format. It shows values as percentages, such as 20% or 55%. This is specially useful when calculating matters like the value of income tax or a tip.

What is a sales tax number?

A income tax ID is a range supplied to you through your country tax authority after you register with them to gather taxes. This number is issued by using states to permit you to cost taxes there. You want a sales tax ID variety solely if you determine that you want to cost taxes in a unique state.

GSTIN is the Goods and Services Tax Identification Number. It is a tax registration range that comes under the Goods and Services Tax (GST). This is a 15-digit number that is assigned state-wise to every taxpayer.

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which stage of short run production is efficient? why?​

Answers

The range of variable input employment where marginal utility of variable factor is dropping yet positive is efficient area of production located. This manufacturing stage is rational or economic stage.

What exactly is a job?

A compensated cooperative work agreement here between recruiter and also an employee is called an employment. This phrase refers to a person who is hired by an organization to perform labor or duties in exchange for a wage or other kind of payment.

What is the name of employment?

The terms business, calling, métier, profession, pursuit, and work are some frequent synonyms for employment. Employment denotes labor in which one has been hired and is receiving compensation from an employer, despite the fact that all of these phrases refer to "a specific ongoing activity engaged in expressly to earn one's livelihood."

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Hunter has just completed his first year of operation as a sole proprietor of a successful sporting goods store. There were
challenges but he was excited about getting to keep all the profits of the venture to himself.

A) Advantage of a sole proprietorship

B)Disadvantage of a sole proprietorship

Answers

Some of the advantages and disadvantages of sole proprietorship include:

Advantage  -  keep all the profits Disadvantage - personally liable for any debts

What are the advantages and disadvantages of sole proprietorship?

One of the advantages of a sole proprietorship is that the business owner gets to keep all the profits of the business for themselves. This is because the owner has complete control over the business and is not required to share the profits with any other partners or shareholders.

One of the disadvantages of a sole proprietorship is that the business owner is personally liable for any debts or legal issues that arise in the course of business.

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New Venture Management (1)


1. Discuss the below pricing strategies that would be suitable at each stage based on the product life cycle.



1.
Product Life Cycle Stage

Introductory Stage
* Unique product
* Non-unique product

Pricing Strategy
* Skimming
* Penetration


2.
Product Life Cycle Stage
* Growth stage

Pricing Strategy
* Consumer pricing


3.
Product Life Cycle Stage
* Maturity stage -

Pricing Strategy
* Demand-oriented pricing


4.
Product Life Cycle Stage
* Decline stage

Pricing Strategy
* Loss leader pricing

Answers

In the context of the product life cycle, different pricing strategies are suitable for each stage. Let's discuss the pricing strategies that would be suitable at each stage:

Introductory Stage:

Unique product: Skimming Pricing Strategy: This strategy involves setting a high initial price to capture the early adopters and customers who are willing to pay a premium for the innovative and unique features of the product. Over time, as competition increases, the price can be gradually lowered.

Non-unique product: Penetration Pricing Strategy: This strategy involves setting a low initial price to quickly gain market share and attract customers. The goal is to penetrate the market by offering competitive pricing and capturing a large customer base. As the product gains traction and demand increases, the price can be adjusted upwards.

Growth Stage:

Pricing Strategy: Consumer Pricing: At this stage, the product has gained market acceptance, and competition may be intensifying. Consumer pricing strategies involve setting prices based on the perceived value of the product to the target customers. Prices can be set at a level that provides a balance between profitability and customer satisfaction, considering factors such as competition, customer preferences, and market dynamics.

Maturity Stage:

Pricing Strategy: Demand-Oriented Pricing: In the maturity stage, the market becomes saturated, and there may be a slowdown in customer growth. Demand-oriented pricing strategies focus on adjusting prices based on the current market demand and customer sensitivity to price changes. This may include pricing tactics such as discounts, promotional offers, and pricing bundles to maintain market share and stimulate demand.

Decline Stage:

Pricing Strategy: Loss Leader Pricing: In the decline stage, the market demand decreases as the product becomes outdated or faces competition from newer alternatives. Loss leader pricing involves setting the price of the product below cost or at a minimal profit to attract customers and generate sales. The goal is not necessarily to make a profit but to liquidate inventory, retain some loyal customers, or create opportunities for upselling or cross-selling other products.

It is important to note that these pricing strategies are not fixed and can be adjusted based on specific market conditions, competitive factors, and the overall business strategy. Flexibility and adaptability in pricing decisions are crucial throughout the product life cycle to ensure sustained success and profitability.

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which of the following is the correct formula for calculating the present value of a future amount, expected in t years at r percent interest? multiple choice question. pv

Answers

PV= FV/(1+r) The right formula to use when determining the present value of a future sum that is anticipated in t years at r percent interest is t.

What is future sum?

A future sum of money's present value is its current value at a given rate of return. It would be discounted the future cash flows. Future cash flows have a lower present value the higher the discount rate is. A future sum of money or stream of cash flows' present value (PV), assuming a given rate of return, is their current value. Future value is converted to present value by using either a discount rate or the interest rate that would be earned if an investment were made. Divide the annual rate by the number of periods in the year to get the periodic interest rate: Rate = yearly interest rate / 12. For monthly payments. Quarterly payments are calculated as follows: rate = annual interest rate / 4.

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Write about three pages (750 words) on one of the following topics. In writing your essay, feel free to build on insights from the discussion boards. Drawing on insights from the religion module, compare and contrast how you imagine life to be different for a believer, an agnostic, and an atheist. Imagine a society without literature, music, visual arts, dance, and so forth. Reflect on what would be lost, what gained. I’ll evaluate your exams mainly by the following criteria: Originality of your ideas Development of thoughts Style of writing

Answers

A believer would find solace and guidance in their faith, deriving meaning and purpose from their religious practices.

What would be an agnostic's approach to life?

An agnostic would approach life with an open mind, seeking answers through rational inquiry and personal experience.

An atheist, lacking belief in deities, would rely on reason and evidence for understanding the world. In a society devoid of literature, music, visual arts, and dance, profound losses would occur.

The expressions of human creativity, emotional catharsis, and the exploration of diverse perspectives would vanish. Cultural richness, intellectual stimulation, and the shared human experience would be greatly diminished.

However, new avenues for innovation and problem-solving may emerge as attention shifts to other forms of knowledge and human endeavors.

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Innovate ways where you can prove the law of action-reaction.

Answers

The ways where you as a person can prove the law of action-reaction are:

When a player pushes the ball forward with force while holding it, the ball pushes back on the player's hand.Student tugs on desk, which tugs back on student (This is how you can "pull" yourself forward.)

How can the law of action and reaction be proven?

When a person pushes against a wall (action force), the wall pushes back with an equal and opposing force (reaction force). The Space Shuttle lifts (there is no slingshot involved!) because the hot gases push out hot gases (action force) and exert a force on the Space Shuttle engines (reaction force).

Therefore, it can also be shown through Swimming. With  the use of the hands, a forward-swimming individual forces the water to move backward. A response force is created as a result of the action force that the individual is exerting.

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On June 1, 2016, Bagby Co. purchased a new car for $36,000 with a useful life of 8 years and residual value of $4,800. If the company used double-declining-balance computed to the nearest whole year, depreciation expense for 2017 was?

Answers

Answer:

$6,750

Explanation:

I hope this helps!

Under corporate law, corporations are given the same rights as
A. the Federal Reserve
B. intellectual property
C. individuals
D. foreign countries

Answers

Answer:

C. individuals

Explanation:

The law treats corporates organizations as legal citizens. It gives them commercial right to own property, enter into contracts, and incur debts. Corporates have tax obligations, just like individuals. They can sue and be sued.

The law considers a corporate as a separate entity from its owners. It distinguishes the assets and liabilities of the institutions as different from those of its founders. A corporate has an infinite life. The death of its shareholders does not automatically mean its termination.

Answer:

C. Individuals is the correct option

Explanation:

how do i get my grade higher.60-80 and 70-80
my parents said i cant do anything till there 80s
please help me i want to play with my cousin.
NEED THIS INFORMATION ASAP

Answers

You can always makeup work that you got a low grade on. You can do extra credit or finish the work you haven’t turned in (if you have anything) :)
Ask for some extra credit maybe or do missing assignments? It should help a little bit

explain the component of general environment ?​

Answers

General Environment is the most important dimension of business environment as businessman cannot influence or change the components of general environment rather he has to change his plans and policies according to the changes taking place in general environment.

Question 5
From which of the following taxes does the federal government get most of their tax revenue?
A Corporate tax
B) Sales tax
Tariffs
Income tax

Answers

Answer:

B. $3,500

Explanation:

The form of tax from which the federal government get most of their tax revenue is the Income tax.

Option D is correct.

What is meant by taxes?

Taxes are the financial source of the government through which it gets most of their revenue. It could be direct or indirect in nature.

The income taxes are one of a kind of taxes which are paid by the taxpayers in accordance with the slab rates applicable on their respective taxable incomes. It has to be paid on yearly basis at a specified period of time and if delayed, then the penalty has also been required to be paid.

Therefore, the income taxes are the one which provides maximum revenue to the federal government.

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Walkers (Pty) Ltd manufactures a basic baby walker product by means of a single manufacturing process and uses a process costing system. Raw materials are added at the beginning of the process and the conversion costs are evenly incurred during the process. The following information is available for November 2022: 8 000 units Material cost: R400 000 Opening work in progress (25% complete) Put in production Completed and transferred Closing work in progress (80% complete) Additional information: ● 15 000 units REQUIRED: 20 000 units 1 250 units Material cost: R900 000 Cost of conversion: R120 000 Cost of conversion: R3 100 000 Normal wastage amounts to 5% of the inputs that reach the identification of wastage stage in the process. Wastage occurs when the process is 20% complete. The company uses the weighted average method of inventory valuation. Prepare the process cost report for Walkers (Pty) Ltd using the weighted average method of stock valuation i.e. 2.1 Prepare the quantity statement (with the equivalent production) 2.2 Prepare the cost statement 2.3 Calculate and allocate the normal loss in Rands 2.4 Prepare the cost allocation statement Tabulate your answers as far as possible. (16 marks) (7 marks) (8 marks) (14 marks) ​

Answers

The normal loss is not allocated to completed units, as it is a normal part of the process and therefore is considered a joint cost. Below are the quantity statement, cost statement, and cost allocation statement.

What constitute the statements?

2.1 Quantity Statement (with equivalent production)

| Process Stage | Units (physical) | % of completion | Equivalent Production Units |

| Opening WIP | 2,000 | 25% | 500 |

| Started production | 15,000 | 100% | 15,000 |

| Total | 17,000 | | 15,500 |

| Completed & Transferred | 8,000 | 100% | 8,000 |

| Closing WIP (80%) | 9,000 | 80% | 7,200 |

| Total Output | 8,000 | 100% | 8,000 |

2.2 Cost Statement

| Process Stage | Material Cost | Conversion Cost | Total Cost | Cost per Equivalent Production Unit |

| Opening WIP | R100,000 | R10,000 | R110,000 | R220.00 |

| Started production | R600,000 | R80,000 | R680,000 | R45.33 |

| Total (transferred) | R400,000 | R50,000 | R450,000 | R56.25 |

| Closing WIP | R200,000 | R26,000 | R226,000 | R31.39 |

| Total | R1,300,000 | R166,000 | R1,466,000 | R94.58 |

2.3 Normal Loss Calculation

Normal wastage amounts to 5% of the inputs that reach the identification of wastage stage in the process. Wastage occurs when the process is 20% complete. Therefore, calculate the equivalent production units for the normal loss separately.

Inputs for normal loss: 15,000 units x 105% (to account for normal loss) = 15,750 units

| Process Stage | Units (physical) | % of completion | Equivalent Production Units |

| Normal Loss | 15,750 | 20% | 3,150 |

| Total | 15,750 | | 3,150 |

The normal loss is 3,150 equivalent production units.

2.4 Cost Allocation Statement

| Cost Item | Total Cost | Cost per EPU | Cost per completed unit |

| Material Cost | R1,300,000 | R84.52 | R162.50 |

| Conversion Cost | R166,000 | R10.75 | R20.75|

| Normal Loss Allocation | R39,075 | R12.40 | - |

| Total Cost | R1,505,075 | | |

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Jahar is very friendly and loves interacting with customers. He has a lot of knowledge about loans and the risks associated with them. In which Finance career does Jahar work? Business Finance Management Financial Investment Planning Insurance Services Banking and Related Services

Answers

Answer:

C

Explanation: I took the Unit Test and got it right!

Answer: C : Insurance Services

Explanation: this is on Edgenutiy unit test

Given below are some instructions on how to make a sandwich

Answers

A sandwich is a common and popular food that is easy to prepare and eat. It consists of two slices of bread with various fillings, such as vegetables, cheese, or meat, in between them.

Here are the instructions for making a sandwich in the passive voice:

a) Two slices of soft bread should be taken.

b) The crust should be trimmed.

c) Butter should be applied evenly on them.

d) The filling (cucumber or tomato slices, grated cheese, etc.) should be prepared.

e) The filling should be placed on one of the slices and covered with the other.

f) It should be pressed gently and chilled for some time.

g) It should be eaten when ready.

h) It will taste good.

The passive voice is used when the focus is on the action or the object that receives the action, rather than the person or thing performing the action. In the case of making a sandwich, the passive voice is useful for making the instructions clear and easy to understand.

The question was incomplete, Find the full content below:

Given below are some instructions on how to make a 'sandwich'. Read them carefully and then rewrite each of them in the passive voice.

a) Take two slices of soft bread.

b) Trim their crust.

c) Apply butter evenly on them.

d) Prepare the filling (cucumber or tomato slices, grated cheese, etc.)

e) Place filling on one of the slices and cover with the other.

f) Press gently and chill for sometime.

g) Eat it when ready,

h) It will taste good.

Please help me as fast as possible

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Describe six factors that can affect participation in sport and active leisure.
Explain trends in participation in sport and active leisure.

Answers

Answer:

나는 매우 미안하지만 대답을 모른다.나는 매우 미안하지만 대답을 모른다.

Answer:

True

Explanation:

Competitive sports are a form of active leisure. Passive leisure is just as beneficial as active leisure. When setting your schedule, it is sometimes necessary to tell people "No." Free time takes priority over committed time.

What is the residual income(loss) if a company has sales of $205,000, cost of goods sold of $115,000, operating expenses of $40,000, average invested assets of $915,000, and hurdle rate of 12.75 percent?

What is the residual income(loss) if a company has sales of $205,000, cost of goods sold of $115,000,

Answers

Answer:

Following are the solution to this question:

Explanation:

value                                                                                   Amount

Sale                                                                                 \(\$ 205,000\)                                  

The less cost of product sol                                                \(\$115,000\)

The less operate expenses                                                \(\$40,000\)

Earning                         \(= \$205,000- \$115,000 - \$40,000 = \$ 50,000\)

Average funds invested                                                 \(\$915,000\)

Investment return                                     \(= \frac{ \$50,000}{\$915,000} \times 100 = 5.464 \%\)

Required Income                             \(= \$ 915,000\times 12.75\% = \$ 116,662.5\)

Residual Income (Loss) \(= \$50,000 - \$116,662.5 = (\$66,662.5)\)

Centrum Services purchased $4,400 worth of equipment. The equipment has an estimated useful life of seven years and a salvage value of $200. Using the straight-line method, the depreciation for the first month is:

Answers

Using the straight-line method, the depreciation for the first month is: $50

Using this formula

Depreciation=(Cost -Salvage value) /Useful life

Where:

Cost=$4,400

Salvage value=$200

Useful life=7 years

Let plug in the formula

Depreciation=[($4,400-$200)/7]×1/12

Depreciation=($4,200/7)×1/12

Depreciation=$600×1/12

Depreciation=$50

Inconclusion Using the straight-line method, the depreciation for the first month is: $50

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ABC reports income tax expense of $800,000. Income tax payable at the beginning and end of the year are $50,000 and $70,000, respectively. What is the amount of cash paid for income taxes

Answers

Answer: $780,000

Explanation:

Income taxes paid for the year are:

Cash paid for income taxes =  Beginning income tax payable + Income tax expense - Ending income tax payable

= 50,000 + 800,000 - 70,000

= $780,000

Gti two employees are paid weekly. As of the end if the year, two days salaries have accrued at the rate of 180 per day per per employee

Answers

The adjusting journal entry for GTI is as follows:

Adjusting Journal Entry:

Date       Account Titles                  Debit     Credit

Dec. 31  Wages Expenses              $720

             Wages Payable                               $720

To accrue the two days' wages owed to two employees.

What is an adjusting journal entry?

An adjusting journal entry is a period-end journal entry to accrue expenses that have been incurred but not paid in cash.

Adjusting journal entries can also be used to record Depreciation Expenses, Earned and Unearned Revenues, Prepayments, and correction of accounting errors.

Transaction Analysis:

Wages Expenses $720 Wages Payable $720

Two Employees' wages for two days = $720 (180 x 2 x 2)

Thus, the Wages Expenses account will be debited, while the Wages Payable account will be credited to show that GTI is owing two employee wages for 2 days.

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Question Completion:

Prepare the adjusting journal entry to record the accrual.

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