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Answer the following questions.(Show your work. )
a.Revenue of $60,000 was earned,but only $45,000 was collected.Expenses of $36,000 were incurred,but only $30,000 was paid.What is reported net income?
b.Wages of $4,000 are paid every Friday for a five-day workweek.If year end falls on a Tuesday,the adjusting entry for wages would be recorded at what amount?
c.A company vehicle is purchased for $24,000.Assuming an eight-year useful life and zero value at that time,what is the balance of accumulated depreciation after five years?
d.Supplies Expense of $3,600 was recorded for a given year.Assuming that $2,400 in supplies were purchased during the year and that $640 in supplies remained at year end,what was the cost of supplies at the beginning of the year?
Formality
The adherence to established conventions or protocol, typically characterized by a high level of seriousness or professionalism.
Sensitivity
The quality of being easily affected by external actions or influences, often related to emotional responses or issues of confidentiality.
Routine Business Messages
Standard or usual communications related to the daily operations or transactions of a business.
Request For Credit
A formal plea or application to have a monetary value recognized or applied, often in business contexts.
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