In canadian funds, how much is eight thousand five hundred euros?
Answers: Live rates at 2008.01.20 01:12:36 UTC
8,500.00 Euro = 12,764.66 Canada Dollars
1 EURO = 1.50172 Canada Dollars
1 Canada Dollar = 0.665901 EUR)
Billed customers for assignment services on picture, $31,250. What characteristics of transaction is this?
A. Increase in an asset, disappear in another asset.B. Increase contained by an asset, increase in a liablility
C. Increase contained by an asset, increase in owner's equity
D. Decrease contained by an asset, decrease contained by a liability.
E.Decrease in an asset, ease in owner's equity.
Answers: C. Increase within an asset, increase in owner's equity
When you've perform a service for a customer and he does not pay lolly, you
Dr Accounts receivable $31,250
Cr Services revenue $31,250
Therefore, you increase an asset (AR) and revenues go to increase owner's equity,
I saw two question you have written, this and the supplies grill. Both are horrid questions and your accounting professor requests to learn accounting.
So this would be a trucking or transfer company. Debit AR and credit sales. What we don't know is what are the expenses against the $31,250? Well the entry is a debit to an asset and a credit to a liability. The problem is the effect can not be determined until you determine profitability of the mart. In accrual accounting this transaction will also recognize liability at the time the service is rendered. So depending on whether this is profitable or not will provide the answer. An accounting one, not smart prof will tell you B.
Locksmiths?
Do locksmiths get much business done because it would seem to be to me that people don’t other dick something up and lock their key surrounded by the car or lock themselves out of the house. So what is anyone a locksmith here do you seize what 1 person a month or something? How do you stay surrounded by business is it just from stupid mistakes?Answers: If the store have been around for over a year, they most hold enough business to stay alive. Most flaunt to big companies that have a big commission that needs to be done. They may transport on jobs resembling rekeying the entire building and installing doors and locks. Majority of the income is from other business owners and not walk ins.