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3 years ago

Journalize the transactions.

Business

1 answer:

andreev551 [17]3 years ago

7 0

Answer:

Oct. 1, investment of $20,000 in real estate business

Dr Cash 20,000

Cr Common Stock 20,000

Oct. 3, office furniture purchased on account

Dr Office furniture 2,300

Cr Accounts payable - office furniture 2,300

Oct. 6, fees charged for real estate services

Dr Accounts receivable 3,600

Cr Fees earned 3,600

Oct 27, partial payment of accounts payable

Dr Accounts payable 850

Cr Cash 850

Oct. 30, salary paid to administrative assistant

Dr Wages and salaries expense $2,500

Cr Cash 2,500

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Financial managers often shift temporary funds from checking accounts to _____ securities to earn higher interest returns. Group

malfutka [58]

Financial managers often shift temporary funds from checking accounts to <u>marketable</u> securities to earn higher interest returns. Group of answer choices operational strategic administrative marketable commercial.

Security, in a financial context, is a certificate or other financial instrument that has monetary value and can be traded. Securities are generally classified as either equity securities, such as stocks, and debt securities, such as bonds and debentures.

Stocks, bonds, preferred shares, and ETFs are among the most common examples of marketable securities. Money market instruments, futures, options, and hedge fund investments can also be marketable securities.

Securities can be broadly categorized into debt securities (e.g., banknotes, bonds, and debentures) equity securities (e.g., common stocks) derivatives (e.g., forwards, futures, options, and swaps).

learn more about securities here

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2 years ago

During the year, Next Tec Corp. had the following cash flows: receipt from customers, $12,000; receipt from the bank for long-te

Amiraneli [1.4K]

Answer: $6000

Explanation:

Financing activities are all activities that a corporation undertakes to affect the company's long-term liabilities or equity.

You list the following activities

receipts from customers
receipt from bank for long-term borrowing
payment to suppliers
payment of dividends
payment to workers
payment for machinery

Any receipts to customers or payments to suppliers are short-term reimbursements for labor or purchase of product, and as such are not included in the financing activity cash flows. Your payments for machinery are not financing activities either as machinery is not considered a liability, rather, it is an asset for the company.

However, your receipt from the bank for long-term borrowing and payments of dividends affect both long-term liabilities and equity, and those are reflected on the financing cash flows as such

Receipts from the bank for long-term borrowing - $7500

Payment of dividends - ($1500)

Net cash flows from financing activities - $6000

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3 years ago

Management accounting is accounting for effective management. Explain this statement.

Marianna [84]

Explanation:

Management is the process of organizing, commanding, coordinating and controlling administrative resources. When we talk about management accounting, we relate to a company's financial resources, which are essential for profitability, payments, investments, etc., that is, so that the business can flow effectively.

Therefore, it is correct to say that managerial accounting is the accounting for effective management because accounting is an instrument of control and management for organizing financial accounts and indexes, these being essential instruments in helping to better decision making in a period of time, giving subsidies for managers to adapt and anticipate negative financial situations for example.

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3 years ago

According to Sullivan, which of the following happens in stressful situations?

barxatty [35]

The correct answer is b

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3 years ago

Read 2 more answers

Notes receivable are typically only used when a company sells large dollar value items (such as cars).

bazaltina [42]

The answer to your question is False

Hope I helped! Plz mark brainliest! Have an awesome day!

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3 years ago