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Alexxandr [17]
2 years ago
14

Jesse and Francis hear some friends talking about how much money they earn using Airbnb to rent out their room on weekends when

they are out of town. Based on this rental agreement, is this practice allowable?
Business
1 answer:
Kitty [74]2 years ago
8 0

Answer and explanation:

Rental agreements are legal documents where the landlord or owner of the property establishes to whom, what, when, and for how much a property or part of it will be leased. The landlord becomes responsible for granting conditions that allow the regular and peaceful living of the tenants within the property and the tenant becomes responsible for damages caused to the property and for the payment of rent on a regular basis established in the agreement.

<em>In Jesse and Francis's case, they hear their friends are renting their room on the weekends using an online house rental service. Under the rental agreement that would not be allowable since Jesse and Francis's friends would be leasing a property that does not belong to them. They cannot become landlords being only tenants. The real owner of the room can even evict the tenant for breaching the contract.</em>

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Answer:

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On March 25, Osgood Company sold merchandise on account, $3,200 terms n/30. The applicable sales tax percentage is 6%. Record th
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Answer:

the transaction record as given below

Explanation:

given data

sold merchandise =  $3,200

terms n/30

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solution

as here with 6% sale tax payable is

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and account Receivable will be $192 + $3200 = $3392

so

we get here the transaction record that is as

date         title                                    Dr.              Cr.

25-Mar    Accounts Receivable        3392    

               Sale                                                      3200

               Sales tax payable                                192

25-Mar    Cost of goods sold      

               Inventory                              

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