That sounds about right for accounting anyway
It goes up because you are paying your payments therefore building credit by showing you are trustworthy..
Answer:
Debit Credit
Common Stock 75,000
Cash 75,000
Brokerage fees 1,000
Cash 1,000
Cash 50,000
Loss on sale of common stock 25,000
Common Stock 75,000
Explanation:
5000*15= 75,000
5,000*10= 50,000
75,000-50,000= 25,000
Answer:
Yes, Davis is able to hold Erica liable for the damages he is being sued for
Explanation:
The vital factor to be considered here is that there was a "signed contract" which directly gives Davis the right to hold Erica liable for damages. Erica failed to keep to her own end of the deal and Davis took it upon himself to actualize the terms of the contract. Erica is to settle Davis immediately or be ready to appear in court.
