If energy tax credit was taken in 2009 for 1500 can it be taken again in 2010?
No it can not be duplicated in each year.
What is the journal entry for office equipment purchased for 3000 Half was paid in cash the remaining balance will be paid in 30 days?
This form is used to apply for a residential energy credit. Here's the 2009 version of the form: http://www.irs.gov/pub/irs-pdf/f5695.pdf Tax form 5695 is for the residential energy tax credit that some peple can recieve. You will have to fill out the form to determine if you are eligible and the credit is up to $1500.
When trial balance of unearned rent is Credit 3600 now post entry of unearned rent as of Dec 31 of 1500?
True: In double entry accounting the debits and credits must balance. For every action there is an equal and opposite reaction: Meaning, if you debit your cash for $1500 there has to be a credit that equals the same amount. Remember the accounting equation: Assets = Liabilities + Owners Equity Let's look at a few scenarios of why we might have received $1500 cash and the accounts they would be posted to: 1. We received…
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