Answer:
e. DEBIT to Accounts Receivable $44,000
Explanation:
The accrual journal entry to record the sale involves a debit to the accounts receivable account and a credit to sales revenue;
Income 44000
Costing 23000
e. DEBIT to Accounts Receivable $44,000
Answer:
$9,744
Explanation:
In the case of the annual IRS depreciation deduction, the time period for each category assets are different. Like for commercial real estate, the time period is 39 years, for residential real estate, it would be 27.5 years.
The computation is shown below:
= (Purchase value of professional office center × remaining percentage) ÷ (applicable time period)
= ($475,000 × 80%) ÷ (39 years)
= ($380,000) ÷ (39 years)
= $9,744
Answer:
The correct value is $9600.
Explanation:
As the complete question is not given, the complete question is attached herewith.
Since 8 vacation weeks were not taken during 2016 , Yukon's 2016 income statement should report $9,600 ( 8 * $1,200) .
Journal Entry :
Debit Credit
Salary expense $9,600
Liability – compensated future absences $9,600
( To record vacations earned but not taken)
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