Lucy works in an office that has nonterritorial workspaces. This is new to her, and she would like to display good open office etiquette. What should she do?
A) Speak in a soft voice and wear headphones to cut down on noise.
B) Try to get to the office first each morning so that she always gets the best desk.
C) Engage in a lot of chitchat to get to know her coworkers better.
D) Eavesdrop as often as possible to learn about the company culture.
A
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On December 1, 2015, Sons, Inc borrowed money at the bank by signing a 90-day non-interest-bearing note for $40,000 that was discounted at 12%. Which of the following entries is not correct?
A) December 31, 2015?Interest Expense 400Discount on Note Payable 400? B) Feb. 1, 2016?Interest Expense 800Discount on Note Payable 800? C) December 31, 2015?Discount on Note Payable 400Interest Expense 400? D) December 1, 2015?Cash 38,800Discount on Note Payable 1,200Note Payable 40,000
Given each of the following errors, indicate on the table below the amount by which the trial balance will be out of balance and which trial balance column (debit or credit) will have the larger total as a result of the error. a. $100 debit to Cash was debited to the Cash account twice.b. $1,900 credit to Sales was posted as a $190 credit.c. $5,000 debit to Office Equipment was debited to Office Supplies.d. $625 debit to Prepaid Insurance was posted as a $62.50 debit.e. $520 credit to Accounts Payable was not posted.ErrorAmount Out of Balance?Column Having Larger Totala.???b.???c.???d.???e.???
What will be an ideal response?
To record a cash discount allowed on a purchase:
a. no entry is required. b. purchase returns and allowances is credited. c. purchase discounts is credited. d. purchases is credited.
Regardless of the various laws and definitions of events, the Aboriginal people have had one basic request that for many years went unanswered: that the Australian federal government ______.
a. make reparations for lost wages b. guarantee lifetime employment c. deed property d. issue an apology