Prepare journal entries to record the following transactions of Daisy King Ice Cream Company 1. Started business by issuing 10,000 shares of common stock for $20,000. 2. Signed a franchise agreement to pay royalties of 5% of sales. 3. Leased a building
Content of Minimum Rent in Case of Strike/Lock out7. Short Minimum Rent Deduction of Income Tax: The Accounting University with 3400+ Accounting contents as study material which can watch, read and learn anyone, anywhere. Royalty is a periodical payment based on output or sale for the use of a fixed asset or This can be …
