Can someone help me this accountants question?

Answers:12   |   LastUpdateAt:2022-06-06 08:31:26  

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irianhhha
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Jane Doe of Creative Marketing was recording transactions into the accounting records to prepare financial statements for the bank in a loan application. Her expenses were higher than anticipated and she was concerned about the effects on net income. As she was recording $3,000 in legal fees she decided to debit dividends and credit cash. She reasoned this would have the same affect on retained earnings as the proper journal entry but would not affect net income and that it didn't matter anyway as long as the transaction was recorded somewhere.

Consider the proper journal entry that Jane should have made and answer the following:

Do you agree that it doesn't really matter where the transaction is recorded?
How is the matching principle affected by her decision?
As long as Jane owns all of the stock of Creative Marketing does she still have an ethical responsibility to record each business transaction properly?
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Answer1CadeyAnswered at 2020-05-01 05:42:22

While Kevin Durant’s date of return to the NBA court, and debut as a Brooklyn Net, has yet to be announced, he is expected to make it happen in the upcoming KD 13.Since suffering a season-sidelining Achilles injury in the 2019 NBA Finals, Kevin Durant has had to sit out an entire year as his first in Brooklyn although his return has not been ruled out entirely should the Nets make it to the postseason.A couple of days ago a few images started floating around of the KD 13, but alas we have a good first look of the upcoming sig shoe for Kevin Durant. The shoe appears to be decked out with a similar build as the KD 12 with full-length Zoom Air, but the upper has some design language that is reminiscent of the Nike Dunk with the flap towards the back of the shoe and a large Swoosh that drops onto the midsole similar to what we saw on the Nike Adapt BB.
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Answer3lycajoyAnswered at 2022-06-06 08:31:26

i should really be doing this too.. thanks for sharing!  techlinestructures.com 

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